Common use of Removal of Agent Clause in Contracts

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and Borrower. The Agent may be removed as Agent hereunder upon the written direction of all Lenders exclusive of the Agent upon the following: (i) willful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the Agent). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and BorrowerBorrowers. The Agent may be removed as Agent hereunder upon the written direction consent of all Lenders exclusive of the Agent upon the following: (i) willful wilful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders (exclusive of Agent) shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages Pro Rata Percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the AgentLenders). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and Borrower. The Agent may be removed as Agent hereunder upon the written direction of all Lenders exclusive of the Agent upon the following: (i) willful wilful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the Agent). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty ---------------- (30) days prior written notice thereof to Lenders and BorrowerBorrowers and upon receipt from Borrowers of written consent to such resignation, which consent shall not be unreasonably withheld. The Agent may be removed as Agent hereunder upon by the written direction of all Lenders (exclusive of the Agent Mellon) upon the following: (i) willful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or ifor, if under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agentsuch removal, the Majority Lenders shall have the right to appoint a successor Agent by majority vote subject to the written consent of Borrowers (not to be unreasonably withheld) only if the successor Agent is not a Lender immediately preceding the removal of the other Lenders (based upon the percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the Agent). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and BorrowerBorrowers. The Agent may be removed as Agent hereunder upon the written direction consent of all Lenders exclusive of the Agent upon the following: (i) willful misconduct in the performance of Agent's duties or responsibilities under this AgreementAgreement as finally determined by a court of competent jurisdiction; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders (exclusive of Agent) shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages Pro Rata Percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the AgentLenders). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and BorrowerBorrowers. The Agent may be removed as Agent hereunder upon the written direction consent of all Lenders exclusive of the Agent upon the following: (i) willful misconduct in the performance of Agent's ’s duties or responsibilities under this AgreementAgreement as finally determined by a court of competent jurisdiction; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders (exclusive of Agent) shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages Pro Rata Percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the AgentLenders). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and BorrowerBorrower and upon receipt from Borrower of its written consent to such resignation, which consent shall not be unreasonably withheld. The Agent may be removed as Agent hereunder upon by the written direction of all Lenders (exclusive of the Agent Mellon) upon the following: following (i) willful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or ifor, if under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agentsuch removal, the Majority Lenders shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages of the total Pro Rata Shares of the Lenders other than the Lender Agent, which is the Agent)successor must be acceptable to Borrower, in its reasonable discretion. Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and Borrower. The Agent may be removed as Agent hereunder upon the written direction of all the Majority Lenders exclusive of the Agent upon the following: (i) willful gross negligence or wilful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the Agent). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder, except that Agent shall execute UCC-3 statements of assignment and execute and deliver such further documents and take such other actions as are reasonably requested by Lenders in connection with the appointment of a successor Agent or to protect the interests of Lenders hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to the Lenders and Borrowerthe Borrower and upon receipt from the Borrower of its written consent to such resignation, which consent shall not be unreasonably withheld. The Agent may be removed as Agent hereunder upon by the written direction of all the Majority Lenders (exclusive of the Agent Citizens) upon the following: following (i) willful misconduct in the performance of the Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for the Agent or any state or federal regulatory authority assumes management or control of the Agent or ifor, if under applicable law, the administrative or discretionary duties and responsibilities of the Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agentsuch removal, the Majority Lenders shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the Agent). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and Borrower. The Agent may be removed as Agent hereunder upon the written direction consent of all Lenders exclusive of the Agent upon the following: (i) willful misconduct in the performance of Agent's duties or responsibilities under this AgreementAgreement as finally determined by a court of competent jurisdiction; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages Pro Rata Percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the AgentLenders). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to the Lenders and Borrowerthe Borrower and upon receipt from the Borrower of its written consent to such resignation, which consent shall not be unreasonably withheld. The Agent may be removed as Agent hereunder upon by the written direction of all the Majority Lenders (exclusive of the Agent Citizens) upon the following: following (i) willful misconduct in the performance of the Agent's ’s duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for the Agent or any state or federal regulatory authority assumes management or control of the Agent or ifor, if under applicable law, the administrative or discretionary duties and responsibilities of the Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agentsuch removal, the Majority Lenders shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the Agent). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and BorrowerBorrowers. The Agent may be removed as Agent hereunder upon the written direction of all Lenders exclusive of the Agent upon the following: (i) willful wilful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the Agent). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and BorrowerBorrowers. The Agent may be removed as Agent hereunder upon the written direction consent of all Lenders exclusive of the Agent upon the following: (i) willful wilful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, Co-Agent shall become the Agent. If Co-Agent declines to become the Agent, the Lenders (exclusive of Agent) shall have the right to appoint a successor Agent by majority vote of the other Lenders (based upon the percentages Pro Rata Percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the AgentLenders). Upon the acceptance of the appointment as a successor Agent hereunder by such successor Agent, such successor Agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.

Removal of Agent. The Agent may resign at any time upon giving thirty (30) days prior written notice thereof to Lenders and BorrowerBorrowers. The Agent may be removed as Agent hereunder upon the written direction consent of all Lenders exclusive of the Agent upon the following: (i) willful wilful misconduct in the performance of Agent's duties or responsibilities under this Agreement; or (ii) if a receiver, trustee or conservator is appointed for Agent or any state or federal regulatory authority assumes management or control of Agent or if, under applicable law, the administrative or discretionary duties and responsibilities of Agent hereunder become controlled by or subject to the approval of any state or federal regulatory authority. Upon any resignation or permitted removal of Agent, the Lenders (exclusive of Agent) shall have the right to appoint a successor Agent agent by majority vote of the other Lenders (based upon the percentages Pro Rata Percentages of the total Pro Rata Shares of the Lenders other than the Lender which is the AgentLenders). Upon the acceptance of the appointment as a successor Agent agent hereunder by such successor Agentagent, such successor Agent agent shall thereupon succeed to and become vested with all rights, powers, obligations and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder.