Common use of Successor Lender Agent Clause in Contracts

Successor Lender Agent. Each Lender Agent may, upon five days’ notice to the Borrower and its related Lender, and such Lender Agent will, upon the direction of its related Lender resign as the Lender Agent for such Lender. If any Lender Agent shall resign, then its related Lender during such five day period shall appoint a successor agent. If for any reason no successor agent is appointed by such Lender during such five day period, then effective upon the termination of such five day period, and the Borrower shall make all payments in respect of the Obligations due to such Lender directly to such Lender, and for all purposes shall deal directly with such Lender. After any retiring Lender Agent’s resignation hereunder as a Lender Agent, the provisions of Articles VIII and IX shall inure to its benefit with respect to any actions taken or omitted to be taken by it while it was a Lender Agent under this Agreement.

Successor Lender Agent. Each Lender Agent may, upon five days’ notice to the Borrower and its related Lender, and such Lender Agent will, upon the direction of its related Lender resign as the Lender Agent for such Lender. If any Lender Agent shall resign, then its related Lender during such five day period shall appoint a successor agentagent that, so long as no Event of Default is continuing, shall not be a Competitor. If for any reason no successor agent is appointed by such Lender during such five day period, then effective upon the termination of such five day period, and the Borrower shall make all payments in respect of the Obligations due to such Lender directly to such Lender, and for all purposes shall deal directly with such Lender. After any retiring Lender Agent’s resignation hereunder as a Lender Agent, the provisions of Articles VIII IX and IX X shall inure to its benefit with respect to any actions taken or omitted to be taken by it while it was a Lender Agent under this Agreement.

Successor Lender Agent. Each Lender Agent may, upon five days’ notice to the Borrower and its related Lender, and such Lender Agent will, upon the direction of its related Lender resign as the Lender Agent for such Lender. If any Lender Agent shall resign, then its related Lender during such five day period shall appoint a successor agent. If for any reason no successor agent is appointed by such Lender during such five day period, then effective upon the termination of such five day period, and the Borrower shall make all payments in respect of the Obligations due to such Lender directly to such Lender, and for all purposes shall deal directly with such Lender. After any retiring Lender Agent’s resignation hereunder as a Lender Agent, the provisions of Articles VIII IX and IX X shall inure to its benefit with respect to any actions taken or omitted to be taken by it while it was a Lender Agent under this Agreement.

Successor Lender Agent. Each Lender Agent may, upon five (5) days’ notice to the Borrower and its related Lender, and such Lender Agent will, upon the direction of its related Lender resign as the Lender Agent for such Lender. If any Lender Agent shall resign, then its related Lender during such five five-day period shall appoint a successor agent. If for any reason no successor agent is appointed by such Lender during such five five-day period, then effective upon the termination of such five five-day period, and the Borrower shall make all payments in respect of the Obligations Aggregate Unpaids due to such Lender directly to such Lender, and for all purposes shall deal directly with such Lender. After any retiring Lender Agent’s resignation hereunder as a Lender Agent, the provisions of Articles VIII XI and IX XII shall inure to its benefit with respect to any actions taken or omitted to be taken by it while it was a Lender Agent an additional agent under this Agreement.. USActive 57833767.7

Successor Lender Agent. Each Lender Agent may, upon five days’ notice to the Borrower Borrower, and its the related Lender, and such Lender Agent will, upon the direction of such Lender (other than such Lender Agent, in its related Lender individual capacity) resign as the Lender Agent for such LenderAgent. If any Lender Agent shall resign, then its the related Lender during such five day period shall appoint a successor agent. If for any reason no successor agent Lender Agent is appointed by such the related Lender during such five day period, then effective upon the termination of such five day period, and the Borrower shall make all payments in respect of the Obligations due Aggregate Unpaids or any other amounts that are owed to such Lender the Administrative Agent directly to such Lender, and for all purposes shall deal directly with such Lender. After any retiring Lender Agent’s resignation hereunder as a an Lender Agent, the provisions of Articles VIII XI and IX XII shall inure to its benefit with respect to any actions taken or omitted to be taken by it while it was a an Lender Agent under this Agreement.

Successor Lender Agent. Each Lender Agent may, upon five days’ notice to the Borrower and its related Lender, and such Lender Agent will, upon the direction of its related Lender Xxxxxx resign as the Lender Agent for such LenderXxxxxx. If any Lender Agent shall resign, then its related Lender during such five day period shall appoint a successor agent. If for any reason no successor agent is appointed by such Lender Xxxxxx during such five day period, then effective upon the termination of such five day period, and the Borrower shall make all payments in respect of the Obligations due to such Lender directly to such Lender, and for all purposes shall deal directly with such Lender. After any retiring Lender Xxxxxx Agent’s resignation hereunder as a Lender Agent, the provisions of Articles VIII IX and IX X shall inure to its benefit with respect to any actions taken or omitted to be taken by it while it was a Lender Agent under this Agreement.

Successor Lender Agent. Each Lender Agent may, upon five (5) days’ notice to the Borrower and its related Lender, and such Lender Agent will, upon the direction of its related Lender Xxxxxx resign as the Lender Agent for such LenderXxxxxx. If any Lender Agent shall resign, then its related Lender during such five five-day period shall appoint a successor agent. If for any reason no successor agent is appointed by such Lender Xxxxxx during such five five-day period, then effective upon the termination of such five five-day period, and the Borrower shall make all payments in respect of the Obligations Aggregate Unpaids due to such Lender directly to such Lender, and for all purposes shall deal directly with such Lender. After any retiring Lender Xxxxxx Agent’s resignation hereunder as a Lender Agent, the provisions of Articles VIII XI and IX XII shall inure to its benefit with respect to any actions taken or omitted to be taken by it while it was a Lender Agent an additional agent under this Agreement.