Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 14 contracts
Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/), Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this AgreementAgreement and the other Loan Documents. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII XIII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Timco Aviation Services Inc), Credit Agreement (Aviation Sales Co)
Rights of the Successor and Retiring Agents. Upon the ------------------------------------------- acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall ----------- inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Associates Realty Corp)
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this AgreementAgreement and the other Loan Documents. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII ARTICLE XIII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Aviation Sales Co), Credit Agreement (Aviation Sales Co)
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Payment and Disbursement Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article ARTICLE XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group Inc /De/)
Rights of the Successor and Retiring Agents. Upon the ------------------------------------------- acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions ----------- taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Reckson Operating Partnership Lp)
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring retir- ing Agent shall be discharged from its duties and obligations obliga- tions under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Samples: Revolving Credit Agreement (U S Restaurant Properties Inc)
Rights of the Successor and Retiring Agents. Upon the acceptance ------------------------------------------- of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted ----------- to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Payment and Disbursement Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations obliga tions under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII ARTICLE IX shall inure to its EXECUTION COPY benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (National Record Mart Inc /De/)
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.. DB3/376865415.8
Appears in 1 contract
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Samples: Loans and Payments of Principal (Prometheus Senior Quarters LLC)
Rights of the Successor and Retiring Agents. Upon the ------------------------------------------- acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII XIII shall inure ------------ to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Payment and Disbursement Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article ARTICLE XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Rights of the Successor and Retiring Agents. Upon the acceptance ------------------------------------------- of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII ------- IX shall inure to its benefit as to any actions taken or omitted to be taken by -- it while it was the Agent under this Agreement.
Appears in 1 contract
Samples: Note Purchase Agreement (Western Micro Technology Inc /De)
Rights of the Successor and Retiring Agents. Upon the acceptance ------------------------------------------- of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Rights of the Successor and Retiring Agents. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s 's resignation hereunder as Agent, the provisions of this Article XII ARTICLE IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
Appears in 1 contract
Samples: Note Purchase Agreement (National Record Mart Inc /De/)
