Appointment of Successor Collateral Agent. In case at any time the Collateral Agent shall resign or be removed or become incapable of acting, a successor Collateral Agent may be appointed by the Administrative Agent (acting at the request or with the consent of the Required Lenders), by an instrument or instruments in writing executed by the Administrative Agent and filed with such successor Collateral Agent and the Borrower.
Appears in 3 contracts
Samples: Security Agreement, Pledge and Indenture of Trust (World Acceptance Corp), Subordinated Security Agreement (World Acceptance Corp), Security Agreement (World Acceptance Corp)
Appointment of Successor Collateral Agent. In case at any time the Collateral Agent shall resign or be removed or become incapable of acting, a successor Collateral Agent may be appointed by the Administrative Agent (acting at the request or with the consent of the Required Lenders), by an instrument or instruments in writing executed by the Administrative Agent and filed with such successor Collateral Agent and the Borrowereach Company.
Appears in 1 contract
