Common use of Termination and Assignment of this Agreement Clause in Contracts

Termination and Assignment of this Agreement. (a) Agent may terminate this Agreement by providing notice substantially in the form of Exhibit C (“Termination Notice”) together with a copy of this Agreement to Company and Bank, provided that Bank shall have a reasonable time to act on such termination. Agent may assign this Agreement by providing 10 days’ prior written notice of such assignment together with a copy of this Agreement to Company and Bank. Bank may terminate this Agreement upon 30 days’ prior written notice to Company and Agent. Company may not terminate this Agreement except with the written consent of Agent and upon prior written notice to Bank.

Appears in 2 contracts

Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)

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Termination and Assignment of this Agreement. (a) Any Agent may terminate this Agreement (with respect to itself) by providing notice substantially in the form of Exhibit C (“Termination Notice”) together with a copy of this Agreement to Company Company, the Bank and Bankthe other Agent, provided that Bank shall have a reasonable time to act on such termination. Any Agent may assign this Agreement by providing 10 days’ prior written notice of such assignment together with a copy of this Agreement to Company Company, the other Agent and Bank. Bank may terminate this Agreement upon 30 days’ prior written notice to Company and each Agent. Company may not terminate this Agreement except with the written consent of each Agent and upon prior written notice to Bank.

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality, Inc.)

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Termination and Assignment of this Agreement. (a) Collateral Agent may terminate this Agreement by providing notice substantially in the form of Exhibit C (“Termination Notice”) together with a copy of this Agreement to Company and Bank, provided that Bank shall have a reasonable time to act on such termination. Collateral Agent may assign this Agreement by providing 10 30 days’ prior written notice of such assignment together with a copy of this Agreement to Company and Bank. Bank may terminate this Agreement upon 30 days’ prior written notice to Company and Collateral Agent. Company may not terminate this Agreement except with the written consent of Collateral Agent and upon prior written notice to Bank.

Appears in 1 contract

Samples: Assignment and Assumption (Philadelphia Energy Solutions Inc.)

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