Examples of Revolving Administrative Agent in a sentence
The Issuing Bank may resign as Issuing Bank hereunder at any time upon at least thirty (30) days’ prior written notice to the Lenders, the Revolving Administrative Agent and the Borrower only so long as a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor Xxxxxxx Bank and to assume LC Commitments in an amount equal to or greater than the LC Commitments of the resigning Issuing Bank.
References to “applicable” Administrative Agent shall mean, when referring to a Term Loan or Term Lender, the Administrative Agent and when referring to the Revolving Credit Loans, Revolving Credit Commitments, Revolving Lenders, Letters of Credit and Issuing Banks, the Revolving Administrative Agent.
Each of the Administrative Agent, the Revolving Administrative Agent, the Collateral Agent, the Lenders, the Issuing Bank or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it (including pursuant to the provisions of this Section 10.01); provided, that approval of such procedures may be limited to particular notices or communications.
The Required Lenders shall have the right, at any time, to remove an Agent (other than the Revolving Administrative Agent).
The Borrower shall notify the Revolving Administrative Agent and then the Revolving Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank or any such additional Issuing Bank.