Common use of Resignation or Removal of Collateral Agent Clause in Contracts

Resignation or Removal of Collateral Agent. If the Collateral Agent resigns or is removed in accordance with the Indenture, such retiring Collateral Agent shall cease to be a party to this Agreement and all obligations imposed upon such retiring Collateral Agent pursuant to this Agreement shall be terminated as to such retiring Collateral Agent and deemed to be imposed upon the successor Collateral Agent appointed pursuant to the terms of the Indenture, provided, however, the retiring Collateral Agent’s indemnification rights contained in this Agreement, the Indenture or otherwise shall continue in favor of the retiring Collateral Agent.

Resignation or Removal of Collateral Agent. If the Collateral Agent resigns or is removed in accordance with the IndentureCredit Agreement, such retiring Collateral Agent shall cease to be a party to this Agreement and all obligations imposed upon such retiring Collateral Agent pursuant to this Agreement shall be terminated as to such retiring Collateral Agent and deemed to be imposed upon the successor Collateral Agent appointed pursuant to the terms of the IndentureCredit Agreement, provided, however, the retiring Collateral Agent’s indemnification rights contained in this Agreement, the Indenture Credit Agreement or otherwise shall continue in favor of the retiring Collateral Agent.

Resignation or Removal of Collateral Agent. If the Collateral Agent resigns or is removed in accordance with the IndentureCredit Agreement, such retiring Collateral Agent shall cease to be a party to this Agreement and all obligations imposed upon such retiring Collateral Agent pursuant to this Agreement shall be terminated as to such retiring Collateral Agent and deemed to be imposed upon the successor Collateral Agent appointed pursuant to the terms of the IndentureCredit Agreement, provided, however, the retiring Collateral Agent’s indemnification rights contained in this Agreement, Agreement and the Indenture other Credit Documents or otherwise shall continue in favor of the retiring Collateral Agent.