Resignation or Removal of the Collateral Agent. The Collateral Agent may resign at any time by giving written notice thereof to the Lenders and the Borrowers, with any such resignation to become effective only upon the appointment of a successor Collateral Agent pursuant to this Section 4.
Appears in 3 contracts
Samples: Collateral Agency Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Collateral Agency Agreement (Northeast Utilities System)
Resignation or Removal of the Collateral Agent. (i) The Collateral Agent may resign at any time by giving written not less than 45 days’ notice thereof of resignation to the Lenders Trustee, the Additional Senior Secured Debt Representative, any Swap Representative known to it, and the BorrowersCompany, and (ii) the Collateral Agent may be removed at any time, with any such resignation to become effective only upon the appointment of a successor Collateral Agent or without cause, pursuant to this Section 4the instructions of the Directing Creditors.
Appears in 2 contracts
Samples: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Am-Pac Tire Dist. Inc.)
Resignation or Removal of the Collateral Agent. The Collateral Agent may resign as Collateral Agent upon ten days' notice to the Secured Parties and may be removed at any time with or without cause by giving written notice thereof to the Lenders and the BorrowersSuper-Required Holders, with any such resignation or removal to become effective only upon the appointment of a successor Collateral Agent pursuant to under this Section 45.
Appears in 1 contract
Samples: Conditional Assignment and Security Agreement (Electronic Retailing Systems International Inc)
