Resignation; Appointment. Upon the Closing, (i) Seller shall be deemed to have assigned its rights as Holder and Note Holder and be released from all of its duties, liabilities and obligations in respect thereof under the Note Documents, (ii) Seller shall be deemed to have resigned as Agent, (iii) Purchaser shall become Holder and Note Holder under the Note Documents and shall assume and be responsible for all of the rights, duties, liabilities and obligations of Holder and Note Holder under the Note Documents, and (iv) the Successor Agent shall become and be deemed to have accepted appointment as Agent under the Note Documents (as further provided in that certain (x) Agency Resignation and Assignment Agreement dated as of the Closing Date by and between Seller and Successor Agent and (y) Irish Debenture Administrative Agent Replacement Deed (collectively the “Agency Transfer Documents”)) and shall assume and be responsible for all of the rights, duties, liabilities and obligations of Agent thereunder.
Resignation; Appointment. Seller shall have resigned as Chief Financial Officer of the Company, in form acceptable to Purchaser's counsel. Effective as of the Closing, the Company shall have (i) appointed John Wall and Marvin Mall to serve as directors of the Company, and (xx) xxxxxnted Xxxxxx Bench to serve as the Company's Chief Financial Officer."
