Common use of Successor Collateral Agent Clause in Contracts

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent upon 10 days' written notice to the Lenders. If the Collateral Agent shall resign as Collateral Agent under this Agreement and the other Loan Documents, then the Required 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 the Borrower, whereupon such successor agent shall succeed to the rights, powers and duties of the Collateral Agent, and the term "Collateral Agent" shall mean such successor agent effective upon such appointment and approval, and the former Collateral Agent's rights, powers and duties as Collateral Agent shall be terminated, without any other or further act or deed on the part of such former Collateral Agent or any of the parties to this Agreement. After any retiring Collateral Agent's resignation as Collateral Agent, the provisions of this Section shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent under this Agreement and the other Loan Documents.

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent upon 10 days' collateral agent hereunder by giving not fewer than thirty (30) days prior written notice to the LendersAgents. If the Collateral Agent shall resign as Collateral Agent under this Agreement and the other Loan DocumentsAgreement, then either (a) the Required EPN Group Lenders Combined Majority Banks shall appoint from among the EPN Group Lenders Banks a successor collateral agent for the EPN Group Lendershereunder, which or (b) if a successor collateral agent shall not be so appointed and approved by within the Borrowerthirty (30) day period following Collateral Agent's notice to the Agents of its resignation, whereupon then Collateral Agent shall appoint a successor collateral agent that shall serve as collateral agent until such time as the Combined Majority Banks appoint a successor collateral agent. Upon its appointment, such successor collateral agent shall succeed to the rights, powers and duties of the Collateral Agentas collateral agent, and the term "Collateral Agent" under this Agreement and any other Loan Document shall mean such successor agent effective upon such appointment and approvalits appointment, and the former Collateral Agentcollateral agent's rights, powers and duties as Collateral Agent collateral agent shall be terminated, terminated without any other or further act or deed on the part of such former Collateral Agent collateral agent or any of the parties to this Agreement. After any retiring Collateral Agent's resignation as Collateral Agent, the provisions of this Section shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent under this Agreement and the other Loan Documents.

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent upon 10 days' collateral agent hereunder by giving not fewer than thirty (30) days prior written notice to the Global Agent and the Lenders. If the Collateral Agent shall resign as Collateral Agent under this Agreement Agreement, then either (a) the Required Lenders shall appoint a successor collateral agent hereunder, or (b) if a successor collateral agent shall not have been so appointed and approved within the thirty (30) day period following the Collateral Agent's notice to the Global Agent and the other Loan DocumentsLenders of its resignation, then the Required EPN Group Lenders Collateral Agent shall appoint from among the EPN Group Lenders a successor collateral agent for that shall serve as collateral agent until such time as the EPN Group LendersRequired Lenders appoint a successor collateral agent. Upon its appointment, which successor agent shall be approved by the Borrower, whereupon such successor collateral agent shall succeed to the rights, powers and duties of the Collateral Agentas collateral agent, and the term "Collateral Agent" under this Agreement and any other Collateral Document shall mean such successor agent successor, effective upon such appointment and approvalits appointment, and the former Collateral Agentcollateral agent's rights, powers and duties as Collateral Agent collateral agent shall be terminated, terminated without any other or further act or deed on the part of such former Collateral Agent collateral agent or any of the parties to this Agreement. After any retiring Collateral Agent's resignation as Collateral Agent, the provisions of this Section shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent under this Agreement and the other Loan Documents.

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent upon 10 collateral agent hereunder by giving not less than 30 days' ’ prior written notice to the LendersTrustee and the Holders of the Notes. If the Collateral Agent shall resign as Collateral Agent collateral agent under this Agreement Agreement, then either (a) a successor collateral agent shall be appointed pursuant to the Indenture, or (b) if a successor collateral agent shall not have been so appointed and approved within the 30 day period following the Collateral Agent’s notice to the Trustee and the other Loan DocumentsHolders of the Notes of its resignation, then the Required EPN Group Lenders shall appoint from among Collateral Agent may petition, at the EPN Group Lenders expense of the Company, any court of competent jurisdiction for the appointment of a successor collateral agent for that shall serve as collateral agent until such time as a successor collateral agent is appointed pursuant to the EPN Group LendersIndenture. Upon its appointment, which successor agent shall be approved by the Borrower, whereupon such successor collateral agent shall succeed to the rights, powers and duties of the Collateral Agentas collateral agent, and the term "“Collateral Agent" shall mean such successor agent effective upon such appointment and approval, and the former Collateral Agent's rights, powers and duties as Collateral Agent shall be terminated, without any other or further act or deed on the part of such former Collateral Agent or any of the parties to this Agreement. After any retiring Collateral Agent's resignation as Collateral Agent, the provisions of this Section shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent ” under this Agreement and the other Loan Documents.and

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent upon 10 collateral agent hereunder by giving not less than 30 days' ’ prior written notice to the LendersTrustee and the Holders of the Notes. If the Collateral Agent shall resign as Collateral Agent collateral agent under this Agreement Agreement, then either (a) a successor collateral agent shall be appointed pursuant to the Indenture, or (b) if a successor collateral agent shall not have been so appointed and approved within the 30 day period following the Collateral Agent’s notice to the Trustee and the other Loan DocumentsHolders of the Notes of its resignation, then the Required EPN Group Lenders shall appoint from among Collateral Agent may petition, at the EPN Group Lenders expense of the Company, any court of competent jurisdiction for the appointment of a successor collateral agent for that shall serve as collateral agent until such time as a successor collateral agent is appointed pursuant to the EPN Group LendersIndenture. Upon its appointment, which successor agent shall be approved by the Borrower, whereupon such successor collateral agent shall succeed to the rights, powers and duties of the Collateral Agentas collateral agent, and the term "“Collateral Agent" ” under this Agreement and “Collateral Agent” under this Agreement and any other Collateral Document shall mean such successor agent successor, effective upon such appointment and approvalits appointment, and the former Collateral Agent's collateral agent’s rights, powers and duties as Collateral Agent collateral agent shall be terminated, terminated without any other or further act or deed on the part of such former Collateral Agent collateral agent or any of the parties to this Agreement. After any retiring Collateral Agent's resignation as Collateral Agent, the provisions of this Section shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent under this Agreement and the other Loan Documents.

Successor Collateral Agent. The Collateral Agent may resign as Collateral Agent upon 10 collateral agent hereunder by giving not less than 30 days' ’ prior written notice to the Global Agent and the Lenders. If the Collateral Agent shall resign as Collateral Agent under this Agreement Agreement, then either (a) the Required Lenders shall appoint a successor collateral agent hereunder, or (b) if a successor collateral agent shall not have been so appointed and approved within the 30 day period following the Collateral Agent’s notice to the Global Agent and the other Loan DocumentsLenders of its resignation, then the Required EPN Group Lenders Collateral Agent shall appoint from among the EPN Group Lenders a successor collateral agent for that shall serve as collateral agent until such time as the EPN Group LendersRequired Lenders appoint a successor collateral agent. Upon its appointment, which successor agent shall be approved by the Borrower, whereupon such successor collateral agent shall succeed to the rights, powers and duties of the Collateral Agentas collateral agent, and the term "“Collateral Agent" ” under this Agreement and any other Security Document shall mean such successor agent successor, effective upon such appointment and approvalits appointment, and the former Collateral Agent's collateral agent’s rights, powers and duties as Collateral Agent collateral agent shall be terminated, terminated without any other or further act or deed on the part of such former Collateral Agent collateral agent or any of the parties to this Agreement. After any retiring Collateral Agent's resignation as Collateral Agent, the provisions of this Section shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent under this Agreement and the other Loan Documents.