Successor Document Custodian Sample Clauses

Successor Document Custodian. Upon the Document Custodian’s receipt of a Document Custodian Termination Notice from the Administrative Agent of the designation of a successor Document Custodian pursuant to the provisions of Section 14.05, the Document Custodian agrees that it will terminate its activities as Document Custodian hereunder. Upon the resignation of the Document Custodian, the Administrative Agent shall appoint a successor Document Custodian and if it does not do so within thirty days of the Document Custodian’s resignation, the Document Custodian may petition a court of competent jurisdiction for the appointment of a successor.

Successor Document Custodian. The Administrative Agent, shall have received a secretary’s certificate from the Successor Document Custodian, which shall include the incumbency and specimen signature of each of its Authorized Officers authorized to execute the Loan Documents to which it is a party.

Successor Document Custodian. Upon the Document Custodian’s receipt

Successor Document Custodian. Upon the Document Custodian’s receipt of a Document Custodian Termination Notice from the Collateral Agent of the designation of a successor Document Custodian pursuant to the provisions of Section 11.04, the Document Custodian agrees that it will terminate its activities as Document Custodian hereunder. Any successor Document Custodian shall be a state or national bank or trust company that is not an Affiliate of the Borrower, that has a deposit rating of at least “A2” or a short-term debt rating of at least “P-1” by ▇▇▇▇▇’▇ and capital and surplus of at least U.S.$200,000,000 and that is an Account Bank.