Common use of SUCCESSOR FACILITY Clause in Contracts

SUCCESSOR FACILITY. AGENT If the Facility Agent gives notice of its resignation pursuant to Clause 23.9 (Resignation), then any reputable and experienced bank or other financial institution may be appointed as a successor to the Facility Agent by an Instructing Group during the period of such notice but, if no such successor is so appointed, the Facility Agent may appoint such a successor itself.

SUCCESSOR FACILITY. AGENT If the Facility Agent gives notice of its resignation pursuant to Clause 23.9 33.9 (Resignation), RESIGNATION) or it is removed pursuant to Clause 33.10 (REMOVAL OF FACILITY AGENT) then any reputable and experienced bank or other financial institution may be appointed as a successor to the Facility Agent by an Instructing Group during the period of such notice but, if no such successor is so appointed, the Facility Agent may appoint such a successor itself.

SUCCESSOR FACILITY. AGENT If the Facility Agent gives notice of its resignation pursuant to Clause 23.9 28.9 (Resignation), RESIGNATION) or it is removed pursuant to Clause 28.10 (REMOVAL OF FACILITY AGENT) then any reputable and experienced bank or other financial institution may be appointed as a successor to the Facility Agent by an Instructing Group during the period of such notice but, if no such successor is so appointed, the Facility Agent may appoint such a successor itself.