Common use of Successor Administrative Agents Clause in Contracts

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks and the Borrowers. Upon any such resignation, the Required Banks shall have the right to appoint a successor Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayed. If no successor Administrative Agent shall have been so appointed by the Required Banks within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Banks, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Lenders and the BorrowersBorrower. Upon any such resignation, the Required Banks Lenders shall have the right to appoint a successor for such resigning Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayedAgent. If no successor Administrative Agent shall have been so appointed by the Required Banks Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the BanksLenders, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000100,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agentsuccessor, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s 's resignation hereunder as an Administrative Agenthereunder, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Lender Parties and the BorrowersBorrower and may be removed at any time with or without cause by the Required Lenders. Upon any such resignationresignation or removal, the Required Banks Lenders shall have the right to appoint a successor Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayedAgent. If no successor Administrative Agent shall have been so appointed by the Required Banks Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent gives Agent's giving of notice of resignationresignation or the Required Lenders' removal of the retiring Administrative Agent, then the retiring Administrative Agent may, on behalf of the BanksLenders, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000500,000,000. Upon the acceptance of its any appointment as an Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights rights, powers, discretion, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunderunder this Agreement. After any retiring Administrative Agent’s 's resignation or removal hereunder as an Administrative Agent, the provisions of this Article VII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative AgentAgent under this Agreement.

Successor Administrative Agents. The Administrative Agent may ------------------------------- resign upon 30 days' written notice to the Lenders and the Borrower and may be removed at any time by giving written the Required Secured Creditors or the Borrower with or without cause upon 30 days' notice thereof to from the Banks and Required Secured Creditors or the BorrowersBorrower, as the case may be. Upon any such resignationIf the Administrative Agent shall be so removed or resign, the Required Banks Secured Creditors during such 30 day period shall have appoint from among the right to appoint Lenders a successor Administrative Agent with the prior written consent of the Borrowersagent, which consent shall not be unreasonably withheld or delayed. If no successor Administrative Agent shall have been so appointed by the Required Banks within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Banks, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agent, whereupon such successor Administrative Agent agent shall thereupon succeed to and become vested with all the rights rights, powers and duties of the retiring Administrative Agent and the term "Administrative Agent" as used herein and in all other Loan Documents shall mean such successor agent, and the retiring former Administrative Agent's rights, powers and duties as Administrative Agent shall be discharged from its duties and obligations hereunderterminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement. After any retiring Administrative Agent’s 's resignation or removal hereunder as an Administrative Agent, the provisions of this Article XI shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative AgentAgent under this Agreement. A successor Administrative Agent will notify the Borrower of its appointment promptly after its appointment.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Lenders and the BorrowersBorrower. Upon any such resignation, the Borrower shall, so long as no Default shall have occurred and be continuing, have the right, with the consent of the Required Banks Lenders, to appoint any of the Lenders as a successor Administrative Agent. In the event that a Default has occurred and is continuing, the Required Lenders shall have the right to appoint a the successor Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayedAgent. If no successor Administrative Agent shall have been so appointed by the Required Banks appointed, and shall have accepted such appointment, within 30 60 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the BanksLenders, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunderhereunder as Administrative Agent. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Lenders and the BorrowersBorrower. Upon any such resignation, the Required Banks Lenders shall have the right to appoint a successor for such resigning Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayedAgent. If no successor Administrative Agent shall have been so appointed by the Required Banks Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the BanksLenders, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000100,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agentsuccessor, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agenthereunder, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Lenders and the BorrowersBorrower. Upon any such resignation, the Borrower shall, so long as no Default shall have occurred and be continuing, have the right, with the consent of the Required Banks Lenders, to appoint any of the Lenders as a successor Administrative Agent. In the event that a Default has occurred and is continuing, the Required Lenders shall have the right to appoint a the successor Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayedAgent. If no successor Administrative Agent shall have been so appointed by the Required Banks appointed, and shall have accepted such appointment, within 30 60 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the BanksLenders, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000500,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunderhereunder as Administrative Agent. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by giving written notice thereof to notifying the Banks Lenders, the Issuing Bank and the BorrowersBorrower. Upon any such resignation, the Required Banks Lenders shall have the right right, in consultation with the Borrower, to appoint a successor Administrative Agent with from among the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayedLenders. If no successor Administrative Agent shall have been so appointed by the Required Banks Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the BanksLenders and the Issuing Bank, appoint a successor Administrative Agent, Agent which shall be a commercial bank organized with an office in New York, New York, or licensed under an Affiliate of any such bank, subject, so long as no Default has occurred and is continuing, to the laws consent of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000Borrower (which shall not be unreasonably withheld). Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agentsuccessor, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.obligations

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks and the Borrowers. Upon any such resignation, the Required Banks shall have the right to appoint a successor Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayed. If no successor Administrative Agent shall have been so appointed by the Required Banks within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Banks, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s 's resignation hereunder as an Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.. ACTIVE 255598135

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Lenders and the BorrowersBorrower, such resignation to be effective upon the appointment of a successor Administrative Agent. Upon any such notice of a resignation, the Required Banks Majority Lenders shall have the right to appoint a successor Administrative Agent with from among the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayedLenders. If no successor Administrative Agent shall have been so is appointed by or has accepted the Required Banks appointment within 30 thirty days after the retiring Administrative Agent gives Agent’s notice of resignation, then the retiring Administrative Agent mayshall, on behalf of the BanksLenders, appoint a bank, chartered under the Bank Act (Canada) and having a branch in Xxxxxxx, Xxxxxxx, as the successor Administrative Agent, unless an Event of Default has occurred and is continuing, in which shall be a commercial bank organized or licensed under case, the laws of retiring Administrative Agent may appoint any Person as the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000successor Administrative Agent. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative AgentAgent of its appointment, such the successor Administrative Agent shall thereupon succeed to and become vested with all the rights rights, powers, privileges and duties of the retiring Administrative Agent, Agent and the retiring Administrative Agent shall be discharged from its duties and obligations hereunderunder this Agreement. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agentresignation, the provisions of this Article shall inure enure to its benefit as to any actions taken or omitted to be taken by it while it was an the Administrative AgentAgent under this Agreement.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks and the Borrowers. Upon any such resignation, the Required Banks shall have the right to appoint a successor Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayed. If no successor Administrative Agent shall have been so appointed by the Required Banks within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Banks, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s 's resignation hereunder as an Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Noteholders and the BorrowersCompany, such resignation to be effective upon the appointment of a successor Administrative Agent. Upon notice of any such resignation, the Required Banks shall Holders have the right to appoint a successor Administrative Agent with who, provided no Default or Event of Default has occurred and is continuing, shall be acceptable to the prior written consent of the BorrowersCompany, which consent shall not be unreasonably withheld or delayedacting reasonably. If no successor Administrative Agent shall have been so is appointed by or has accepted the Required Banks appointment within 30 thirty days after the retiring Administrative Agent gives Agent’s notice of resignation, then the retiring Administrative Agent may, on behalf of the BanksNoteholders, appoint a successor Administrative Agent, which shall may be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000Noteholder. Upon the acceptance of its the appointment as an Administrative Agent hereunder by a successor Administrative Agent, such the successor Administrative Agent shall thereupon succeed to and become vested with all the rights rights, powers, privileges and duties of the retiring Administrative Agent, Agent and the retiring Administrative Agent shall be discharged from its duties and obligations hereunderunder this Agreement. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agentresignation, the provisions of this Article 10 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Noteholders and the Borrowers, such resignation to be effective upon the appointment of a successor Administrative Agent. Upon notice of any such resignation, the Required Banks shall Holders have the right to appoint a successor Administrative Agent with the prior written consent who, provided no Default or Event of Default has occurred and is continuing, shall be acceptable to the Borrowers, which consent shall not be unreasonably withheld or delayedacting reasonably. If no successor Administrative Agent shall have been so is appointed by or has accepted the Required Banks appointment within 30 thirty days after the retiring Administrative Agent gives Agent’s notice of resignation, then the retiring Administrative Agent may, on behalf of the BanksNoteholders, appoint a successor Administrative Agent, which shall may be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000Noteholder. Upon the acceptance of its the appointment as an Administrative Agent hereunder by a successor Administrative Agent, such the successor Administrative Agent shall thereupon succeed to and become vested with all the rights rights, powers, privileges and duties of the retiring Administrative Agent, Agent and the retiring Administrative Agent shall be discharged from its duties and obligations hereunderunder this Agreement. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agentresignation, the provisions of this Article 10 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks and the BorrowersBorrower. Upon any such resignation, the Required Banks shall have the right to appoint a successor Administrative Agent with the prior written consent of the BorrowersAgent, which consent successor shall not (unless an Event of Default shall have occurred and be unreasonably withheld or delayedcontinuing) be reasonably acceptable to the Borrower. If no successor Administrative Agent shall have been so appointed by the Required Banks Banks, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Banks, appoint a successor Administrative Agent, which successor shall (unless an Event of Default shall have occurred and be continuing) be reasonably acceptable to the Borrower, and which shall be a commercial bank or financial institution organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000. Upon the acceptance by a successor Administrative Agent of its appointment as an Administrative Agent hereunder by a successor Administrative Agenthereunder, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s 's resignation hereunder as an Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.

Successor Administrative Agents. The Administrative Agent may resign at any time by giving written notice thereof to the Banks Lenders and the BorrowersBorrower. Upon any such resignation, the Required Banks Lenders shall have the right to appoint a successor for such resigning Administrative Agent with the prior written consent of the Borrowers, which consent shall not be unreasonably withheld or delayedAgent. If no successor Administrative Agent shall have been so appointed by the Required Banks Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the BanksLenders, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000100,000,000. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative Agentsuccessor, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agenthereunder, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Administrative Agent.