Resignation or Removal of the Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.12 and the acceptance of such appointment by the successor Collateral Agent, (i) the Collateral Agent may resign at any time by giving not less than 45 days’ notice of resignation to the Trustee, a Term Loan Agent, the Swap Representative known to it, and DRI, and (ii) the Collateral Agent may be removed at any time, with or without cause, pursuant to the instructions of the Directing Creditors.
Appears in 3 contracts
Samples: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Duane Reade), Intercreditor and Collateral Agency Agreement (Duane Reade Holdings Inc)
Resignation or Removal of the Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.12 and the acceptance of such appointment by the successor Collateral Agent, (i) the Collateral Agent may resign at any time by giving not less than 45 days’ ' notice of resignation to the Trustee, a Term Loan Agent, the Swap Representative known to it, Trustee and DRIInSight, and (ii) the Collateral Agent may be removed at any time, with or without cause, pursuant to the instructions of the Directing CreditorsNoteholders.
Appears in 1 contract
Samples: Collateral Agency Agreement (IMI of Arlington, Inc.)
