Common use of Successor Collateral Agent Clause in Contracts

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent under the Loan Documents upon thirty (30) days’ notice to the Lenders. If the Collateral Agent shall resign, then the Required Benefited Creditors (as determined by excluding

Successor Collateral Agent. (i) The Collateral Agent may resign as Collateral Agent under the Loan Documents upon thirty (30) not less than 20 days’ ' notice to the Lenders. If , with such resignation to take effect upon the acceptance by a successor Collateral Agent of its appointment as the Collateral Agent shall resignhereunder. In addition in the event the Collateral Agent is no longer a Lender or the Senior Administrative Agent, then the Required Benefited Creditors (as determined Lenders may remove the Collateral Agent by excludinggiving written notice thereof to the Collateral Agent at least 20 days' prior to the effective date of

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent under the Loan Documents upon thirty (30) days’ notice to the Lenders. If the Collateral Agent shall resign, then the Required Benefited Creditors Lenders (as determined by excludingexcluding the Lender resigning as the Collateral Agent) shall (with, so long as there shall not exist and be continuing an Event of Default, the consent of the Borrower, such consent not to be unreasonably withheld

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent under the Loan Documents upon thirty (30) 10 days’ ' written notice to the Lenders. If the Collateral Agent shall resignresign as Collateral Agent under this Agreement and the other Loan Documents, then the Required Benefited Creditors (as determined EPN Group Lenders shall appoint from among the EPN Group Lenders a successor agent for the EPN Group Lenders, which successor agent shall be approved by excludingthe Borrower, whereupon such successor agent shall succeed to the rights, powers and duties of the Collateral Agent, and the

Successor Collateral Agent. (i) The Collateral Agent may resign as Collateral Agent from the performance of all of its functions and duties under the Loan Documents upon this Agreement at any time by giving at least thirty (30) days’ Business Days' prior written notice to the Lendersparties hereto. If Such resignation shall take effect upon the acceptance by a successor Collateral Agent of appointment pursuant to clause (ii) below. (ii) Upon any such notice of resignation, the Majority Lenders shall resign, then the Required Benefited Creditors (as determined by excludingappoint a successor Collateral Agent.

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent under the Loan Documents upon thirty ten (3010) days’ notice to the Lenders. If Collateral Agent resigns under this Agreement, all Lenders shall appoint from among Lenders (or the affiliates thereof) a successor Collateral Agent for Lenders, which successor Collateral Agent shall resign, then (unless an Event of Default has occurred and is continuing) be subject to the Required Benefited Creditors approval of Borrower (as determined by excludingwhich approval shall not be

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent under the Loan Documents may, upon at -------------------------- least thirty (30) days’ days notice to the LendersSeller and each Purchaser and Funding Agent, resign as Collateral Agent. If the Such resignation shall not become effective until a successor Collateral Agent shall resignis appointed by the Funding Agents (and, then unless such appointment is to an existing Funding Agent or Purchaser, such successor Collateral Agent has been consented to by the Required Benefited Creditors (as determined by excludingSeller, such consent not to be unreasonably withheld) and has accepted such

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent under the Loan Documents upon thirty (30) days’ days notice to the LendersBorrower and the Banks and the Collateral Agent may be removed from its position as Collateral Agent at any time by the vote of the Required Banks. If the Collateral Agent shall resignresign as Collateral Agent under this Agreement or be removed pursuant to the preceding sentence, then the Required Benefited Creditors (as determined by excludingRe-

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent under the Loan Documents upon thirty (30) 10 days’ notice to the LendersLenders and the Grantors. If the lithe Collateral Agent shall resignresign as Collateral Agent under this Agreement and the other Loan Documents, then the Required Benefited Creditors Lenders shall appoint from among the Lenders a successor agent for the Lenders, which successor agent shall (as determined by excludingunless an Event of Default under Section 8(a) or Section 8(f) of the Credit