Examples of Resigning Agent in a sentence
Upon the effectiveness of such resignation, the Resigning Agent shall be discharged from its duties and obligations as Administrative Agent under the Credit Agreement and the other Loan Documents.
This Agreement shall be binding upon, and inure to the benefit of, the Borrower, the Administrative Agent, the Resigning Agent, the Lenders, all future holders of the Notes and their respective successors and assigns; provided, however, that the Borrower may not assign its rights or obligations hereunder or in connection herewith or any interest herein (voluntarily, by operation of law or otherwise) without the prior written consent of the Administrative Agent and all of the Lenders.
The Resigning Agent, with the consent of each of the other parties to this Amendment, hereby resigns as Administrative Agent under the Prior Credit Agreement and is hereby discharged from all duties and obligations as Administrative Agent under the Prior Credit Agreement and the other Loan Documents (including this Amendment, the Credit Agreement and any other Loan Documents), except as provided in this Section 1 or as otherwise expressly stated in any Loan Document as surviving such resignation.
The Resigning Agent acknowledges and agrees that it has delivered to the Successor Agent a true, accurate and correct copy of the Register as of the date hereof and such other information with respect to the Lenders and the Prior Credit Agreement as has been reasonably requested by the Successor Agent.
In this event, the Resigning Agent shall resign in accordance with paragraph (b) above.