Common use of Appointment of Successor Collateral Agent Clause in Contracts

Appointment of Successor Collateral Agent. Upon any such resignation or removal, a successor Collateral Agent may be appointed, after consultation with the Borrower (unless a Secured Debt Default has occurred and is continuing), by an Act of Required Secured Parties. If no successor Collateral Agent has been so appointed and accepted such appointment within 30 days after the predecessor Collateral Agent gave notice of resignation or was removed, the retiring Collateral Agent may (at the expense of the Borrower), at its option, appoint a successor Collateral Agent, or petition a court of competent jurisdiction for appointment of a successor Collateral Agent, which must be a bank or trust company:

Appointment of Successor Collateral Agent. Upon any such resignation or removal, a successor Collateral Agent reasonably acceptable to the Issuers and the other Grantors may be appointed, after consultation with the Borrower (unless a Secured Debt Default has occurred and is continuing), appointed by an Act of Required Secured Parties. If no successor Collateral Agent has been so appointed and accepted such appointment within 30 days after the predecessor Collateral Agent gave notice of resignation or was removed, the retiring Collateral Agent may (at the expense of the BorrowerIssuers), at its option, appoint a successor Collateral Agent, or petition a court of competent jurisdiction for appointment of a successor Collateral Agent, which must be a bank or trust company:

Appointment of Successor Collateral Agent. Upon any such resignation or removal, a successor Collateral Agent Trustee may be appointedappointed by the Holders of a majority in principal amount of the outstanding Notes subject to the consent of the Company, after consultation with the Borrower (unless a Secured Debt Default has occurred and is continuing), by an Act of Required Secured Partieswhich shall not be unreasonably withheld. If no successor Collateral Agent has been so appointed and accepted such appointment within 30 45 days after the predecessor Collateral Agent gave notice of resignation or was removed, the retiring Collateral Agent may (at the expense of the BorrowerCompany), at its option, appoint a successor Collateral Agent, or petition a court of competent jurisdiction for appointment of a successor Collateral Agent, which must be a bank or trust company:

Appointment of Successor Collateral Agent. Upon any such resignation or removal, a successor Collateral Agent may be appointedappointed by an Act of Required Debtholders with, after consultation with the Borrower (unless a so long as no Secured Debt Default has occurred and is continuing, the consent of the Company (which consent shall not be unreasonably withheld), by an Act of Required Secured Parties. If no successor Collateral Agent has been so appointed and accepted such appointment within 30 days after the predecessor Collateral Agent gave notice of resignation or was removed, the retiring Collateral Agent may (at the expense of the BorrowerCompany), at its option, appoint a successor Collateral Agent, or petition a court of competent jurisdiction for appointment of a successor Collateral Agent, which must be a bank or trust company:

Appointment of Successor Collateral Agent. Upon any such resignation or removal, a successor Collateral Agent may be appointed, after consultation with appointed by Note Lien Representatives representing a majority in principal amount of the Borrower (unless a Secured Note Lien Debt Default has occurred and is continuing), or by an Act of the Required Secured PartiesNote Lien Debtholders. If no successor Collateral Agent has been so appointed and accepted such appointment within 30 days after the predecessor Collateral Agent gave notice of resignation or was removed, the retiring Collateral Agent may (at the expense of the BorrowerCompany), at its option, appoint a successor Collateral Agent, or petition a court of competent jurisdiction for appointment of a successor Collateral Agent, which must be a bank or trust company:

Appointment of Successor Collateral Agent. Upon any such resignation or removalresignation, a successor Collateral Agent may be appointed, after consultation with the Borrower (unless a Secured Debt Default has occurred and is continuing), appointed by an Act of Required Secured PartiesDebtholders; provided that any successor Collateral Agent replacing Credit Suisse may be appointed by the Administrative Agent and the Borrower. If no successor Collateral Agent has been so appointed and accepted such appointment within 30 10 days after the predecessor Collateral Agent gave notice of resignation or was removed, the retiring Collateral Agent may (at the expense of the Borrower), at its option, appoint a successor Collateral Agent, or petition a court of competent jurisdiction for appointment of a successor Collateral Agent, which must be a bank or trust companyapproved by the Borrower: