Common use of The Collateral Manager Not to Resign; Assignment Clause in Contracts

The Collateral Manager Not to Resign; Assignment. The Collateral Manager shall not resign from the obligations and duties hereby imposed on it except upon the Collateral Manager’s determination that the performance of its duties hereunder is or becomes impermissible under Applicable Law. Any such determination permitting the resignation of the Collateral Manager shall be evidenced by an opinion of counsel to such effect delivered to the Administrative Agent and each Lender. No such resignation shall become effective until a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.09.

The Collateral Manager Not to Resign; Assignment. (a) The Collateral Manager shall not resign from the obligations and duties hereby imposed on it except upon without the prior written consent of the Administrative Agent; provided that the Collateral Manager’s determination Manager may resign without any such consent if the Collateral Manager determines that (a) the performance of its duties hereunder is or becomes impermissible under Applicable Law. Any such determination permitting the resignation of Law and (b) there is no reasonable action that the Collateral Manager shall be evidenced by an opinion could take to make the performance of counsel to such effect delivered to the Administrative Agent and each Lender. No such resignation shall become effective until a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.09its duties hereunder permissible under Applicable Law.

The Collateral Manager Not to Resign; Assignment. (a) The Collateral Manager shall not resign from the obligations and duties hereby imposed on it except upon the Collateral Manager’s determination that the performance of its duties hereunder unless such resignation is or becomes impermissible under Applicable Law. Any such determination permitting the resignation of the Collateral Manager shall be required by law as evidenced by an a legal opinion of reputable counsel to such effect of national standing delivered to the Administrative Agent and each LenderAgent. No For the avoidance of doubt, any such resignation shall become effective until constitute a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.09Default.

The Collateral Manager Not to Resign; Assignment. (a) The Collateral Manager shall not resign from the obligations and duties hereby imposed on it except upon the Collateral Manager’s determination that the performance of its duties hereunder is or becomes impermissible under Applicable Law. Any such determination permitting the resignation of the Collateral Manager shall be evidenced by an opinion of counsel to such effect delivered to the Administrative Agent and each Lender. No such resignation shall become effective until a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.0914.08.

The Collateral Manager Not to Resign; Assignment. The Collateral Manager shall not assign its rights or obligations hereunder or resign from the obligations and duties hereby imposed on it except upon without the prior written consent of the Administrative Agent; provided that, the Collateral Manager’s determination Manager may resign without any such consent if the Collateral Manager determines that (a) the performance of its duties hereunder is or becomes impermissible under Applicable Law. Any such determination permitting the resignation of Law and (b) there is no reasonable action that the Collateral Manager shall be evidenced by an opinion could take to make the performance of counsel to such effect delivered to the Administrative Agent and each Lender. No such resignation shall become effective until a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.09its duties hereunder permissible under Applicable Law.

The Collateral Manager Not to Resign; Assignment. The Collateral Manager shall not resign from the obligations and duties hereby imposed on it except upon the Collateral Manager’s determination that the performance of its duties hereunder is or becomes impermissible under Applicable Law. Any such determination permitting the resignation of the Collateral Manager shall be evidenced by an opinion of counsel to such effect delivered to the Administrative Agent and each Lender. No such resignation shall become effective until a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.09.in

The Collateral Manager Not to Resign; Assignment. (a) The Collateral Manager shall not resign from the obligations and duties hereby imposed on it except upon the Collateral Manager’s determination that the performance of its duties hereunder unless such resignation is or becomes impermissible under Applicable Law. Any such determination permitting the resignation of the Collateral Manager shall be required by law as evidenced by an a legal opinion of counsel to such effect Dechert LLP delivered to the Administrative Agent and each LenderAgent. No For the avoidance of doubt, any such resignation shall become effective until constitute a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.09Default.

The Collateral Manager Not to Resign; Assignment. The Collateral Manager shall not resign from the obligations and duties hereby imposed on it except upon the Collateral Manager’s 's determination that the performance of its duties hereunder is or becomes impermissible under Applicable Law. Any such determination permitting the resignation of the Collateral Manager shall be evidenced by an opinion of counsel to such effect delivered to the Administrative Agent and each Lender. No such resignation shall become effective until a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.09.