Common use of Successor Administrative Agent and Collateral Agent Clause in Contracts

Successor Administrative Agent and Collateral Agent. (a) The Administrative Agent shall have the right to resign at any time by giving thirty (30) days’ prior written notice thereof to the Lenders, provided that such notice may be waived by the Required Lenders during the continuance of an Event of Default, and, in the absence an Event of

Successor Administrative Agent and Collateral Agent. (a) The Administrative Agent shall have the right to and Collateral Agent may resign at any time by giving thirty (30) days’ prior written notice thereof to the Lenders, provided that Lenders and Company Agent. Upon any such notice may be waived by of resignation, Requisite Lenders shall have the Required Lenders during the continuance of an Event of Defaultright, and, in the absence an Event ofupon five Business Days’ notice to

Successor Administrative Agent and Collateral Agent. (a) The Administrative Agent shall have may (as a result of events or circumstances arising after the right to Closing Date) resign at any time by giving thirty (30) days’ prior written notice thereof to the LendersLenders and Borrower, provided that such notice and Administrative Agent may be waived removed at any time with or without cause by the Required Lenders during the continuance of an Event of Default, and, instrument or concurrent instruments in the absence an Event ofwriting delivered to Borrower and Administrative Agent and signed by Supermajority Lenders.

Successor Administrative Agent and Collateral Agent. (a) The Administrative Agent shall have may (as a result of events or circumstances arising after the right to Closing Date) resign at any time by giving thirty (30) days’ prior written notice thereof to the LendersLenders and Borrower, provided that such notice and Administrative Agent may be waived removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to Borrower and Administrative Agent and signed by the Required Lenders during the continuance of an Event of Default, and, in the absence an Event ofRequisite Lenders.

Successor Administrative Agent and Collateral Agent. (a) The Administrative Agent shall have the right to xxx resign at any time by giving thirty (30) 30 days’ prior written notice thereof to the Lenders, provided that such notice may be waived by Lenders and Credit Party Representative. Administrative Agent shall have the Required Lenders during the continuance of an Event of Default, and, in the absence an Event ofright to appoint a financial institution to act as successor Administrative Agent

Successor Administrative Agent and Collateral Agent. (a) The Administrative Agent shall have the right to may resign at any time by giving thirty (30) as Administrative Agent and Collateral Agent upon 30 days’ prior written notice thereof to the Lenders, provided that Lenders with a copy of such notice may be waived by to the Borrower. If the Administrative Agent resigns under this Agreement, the Required Lenders shall appoint from among the Lenders a successor administrative agent and collateral agent for the Lenders which successor administrative agent shall be consented to by the Borrower at all times other than during the continuance existence of an Event of Default, and, in the absence an Event ofDefault Quest Resource Credit Agreement