Common use of Alternatively Clause in Contracts

Alternatively. the Facility Agent may resign by giving 30 days’ notice to the other Finance Parties and the Borrowers, in which case the Majority ▇▇▇▇▇▇▇ may appoint a successor Facility Agent.

Appears in 9 contracts

Sources: Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)

Alternatively. the Facility Agent may resign by giving 30 days' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority ▇▇▇▇▇▇▇ may appoint a successor Facility Agent.

Appears in 4 contracts

Sources: Facility Agreement (Euroseas Ltd.), Amendment and Restatement Agreement (CMB.TECH Nv), Facilities Agreement (Euronav NV)

Alternatively. the Facility Agent may resign by giving 30 days’ notice to the other Finance Parties and the BorrowersCompany, in which case the Majority ▇▇▇▇▇▇▇ Lenders may appoint a successor Facility Agent.

Appears in 4 contracts

Sources: Revolving Credit Facility Agreement (MGM Resorts International), Revolving Credit Facility Agreement (MGM Resorts International), Fifth Supplemental Agreement (MGM Resorts International)

Alternatively. the Facility Agent may resign by giving 30 days’ notice to the other Finance Parties and the Borrowers, in which case the Majority ▇▇▇▇▇▇▇ Lenders may appoint a successor Facility Agent.

Appears in 3 contracts

Sources: Term Loan Facility (Global Ship Lease, Inc.), Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

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

Appears in 2 contracts

Sources: Facility Agreement, Facility Agreement

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

Appears in 2 contracts

Sources: Deed of Amendment Agreement (RISE Education Cayman LTD), Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

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

Appears in 2 contracts

Sources: Term and Revolving Credit Facilities Agreement, Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD)

Alternatively. the Facility Agent may resign by giving 30 days' notice to the other Finance Parties and the Borrowers, in which case the Majority ▇▇▇▇▇▇▇ may appoint a successor Facility Agent.

Appears in 2 contracts

Sources: Term Loan Facility (United Maritime Corp), Term Loan Facility (Ardmore Shipping Corp)

Alternatively. the Facility Agent may resign by giving 30 days' notice to the other Finance Parties and the Borrowers, in which case the Majority ▇▇▇▇▇▇▇ Lenders may appoint a successor Facility Agent.

Appears in 1 contract

Sources: Term Loan Facility (Star Bulk Carriers Corp.)

Alternatively. the Facility Agent may resign by giving 30 days' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority L▇▇▇▇▇▇ may appoint a successor Facility Agent.

Appears in 1 contract

Sources: Facility Agreement (Euroseas Ltd.)

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

Appears in 1 contract

Sources: Facility Agreement (Global Ship Lease, Inc.)

Alternatively. the Facility Agent may resign by giving 30 days' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority ▇▇▇▇▇▇▇ Lenders may appoint a successor Facility Agent.

Appears in 1 contract

Sources: Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)