Common use of Resignation or Removal of the Issuing Bank Clause in Contracts

Resignation or Removal of the Issuing Bank. The Issuing Bank may resign at any time by giving 180 days' prior written notice to the Administrative Agent, the Lenders and the Borrower, and may be removed at any time by the Borrower by notice to the Issuing Bank, the Administrative Agent and the Lenders. Subject to the next

Appears in 3 contracts

Samples: General Liability (Schein Pharmaceutical Inc), Credit Agreement (Schein Pharmaceutical Inc), Credit Agreement (Danbury Pharmacal Puerto Rico Inc)

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Resignation or Removal of the Issuing Bank. The Issuing Bank may resign as Issuing Bank hereunder at any time upon at least 30 days’ prior notice to the Lenders, the Administrative Agent and Borrower. The Issuing Bank may be replaced at any time by giving 180 days' prior written notice to agreement among Borrower, the Administrative Agent, the Lenders replaced Issuing Bank and the Borrower, and successor Issuing Bank. One or more Lenders may be removed at any time appointed as additional Issuing Banks by the Borrower by notice to the Issuing Bankwritten agreement among Borrower, the Administrative Agent (whose consent will not be unreasonably withheld) and the Lenders. Subject Lender that is to the nextbe so

Appears in 2 contracts

Samples: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)

Resignation or Removal of the Issuing Bank. The Issuing Bank may resign as Issuing Bank hereunder at any time by giving 180 upon at least 30 days' prior written notice to the Administrative Agent, the Lenders and the Borrower, and may be removed at any time by the Borrower by notice to the Issuing BankLenders, the Administrative Agent and Borrowers. The Issuing Bank may be replaced at any time by written agreement among each Borrower, each Agent, the Lendersreplaced Issuing Bank and the successor Issuing Bank. Subject to The Administrative Agent shall notify the nextLenders of any such replacement of the Issuing Bank or any such additional Issuing

Appears in 1 contract

Samples: Credit Agreement (MagnaChip Semiconductor LTD (United Kingdom))

Resignation or Removal of the Issuing Bank. The Issuing Bank may resign at any time by giving 180 30 days' prior written notice to the Administrative Agent, the Revolving Credit Lenders and the Borrower, and may be removed at any time by the Borrower by notice to the Issuing Bank, the Administrative Agent and the Lenders. Subject to the nextRevolving

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (Network Communications, Inc.)

Resignation or Removal of the Issuing Bank. The Issuing Bank may resign at any time by giving 180 days' prior written notice to the Administrative Agent, the Lenders and the Borrower, and may be removed at any time by the Borrower by notice to the Issuing Bank, the Administrative Agent and the Lenders. Subject to the nextthe

Appears in 1 contract

Samples: Credit Agreement (Fairchild Semiconductor International Inc)

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Resignation or Removal of the Issuing Bank. The Issuing Bank may resign at any time by giving 180 45 days' prior written notice to the Administrative Agent, the Lenders and the BorrowerCorel, and may be removed at any time by the Borrower Corel by notice to the Issuing Bank, the Administrative Agent and the Lenders. Subject Upon the acceptance of any appointment as the Issuing Bank hereunder by a Lender that shall agree to the nextserve as

Appears in 1 contract

Samples: Credit Agreement (Corel Corp)

Resignation or Removal of the Issuing Bank. The Issuing Bank may resign as Issuing Bank hereunder at any time upon at least 30 days’ prior notice to the Lenders, the Administrative Agent and Borrower. The Issuing Bank may be replaced at any time by giving 180 days' prior written notice to agreement among Borrower, the Administrative Agent, the Lenders replaced Issuing Bank and the Borrower, and successor Issuing Bank. One or more Lenders may be removed at appointed as additional Issuing Banks in accordance with subsection (k) below. The Administrative Agent shall notify the Lenders of any time by the Borrower by notice to such replacement of the Issuing Bank, the Administrative Agent and the Lenders. Subject to the nextBank or any such additional

Appears in 1 contract

Samples: Credit Agreement (Harry & David Holdings, Inc.)

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