Common use of Alternatively, the Facility Agent may resign by giving Clause in Contracts

Alternatively, the Facility Agent may resign by giving. 30 days' notice to the Lenders and the Borrower, in which case the Lenders (after consultation with the Borrower) may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Facilities Agreement (Lesaka Technologies Inc)

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Alternatively, the Facility Agent may resign by giving. 30 days' notice to the Lenders other Finance Parties and the BorrowerBorrowers, in which case the Majority Lenders (after consultation with the Borrower) may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Alternatively, the Facility Agent may resign by giving. 30 days' notice to the Lenders and the Borrower, in which case the Majority Lenders (after consultation with the Borrower) may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Intercreditor Agreement (WuXi PharmaTech (Cayman) Inc.)

Alternatively, the Facility Agent may resign by giving. 30 days' notice to the Lenders other Finance Parties and the Borrower, in which case the Majority Lenders (after consultation with the Borrower) may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Assignment Agreement (Pyxis Tankers Inc.)

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Alternatively, the Facility Agent may resign by giving. 30 days' notice to the Lenders other Finance Parties and the Borrower, in which case the Majority Lenders (after consultation with the Borrower) may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Assignment Agreement (Ocean Rig UDW Inc.)

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