Removal of Agent. In the event of the occurrence of any material gross negligence or willful misconduct of Agent, if all of the Lenders (other than a Lender that is then acting as Agent) agree, then Agent may be removed as the agent; provided, however, that no such removal of Agent shall in any way affect the rights of Agent in its individual capacity as a Lender.
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Samples: Loan Agreement (Interstate Hotels & Resorts Inc), Loan Agreement (Ashford Hospitality Prime, Inc.)
Removal of Agent. (i) In the event of the occurrence of any material gross negligence or willful misconduct of Agent, if all of the Lenders (other than a Lender that is then acting as Agent) agree, or (ii) if Agent is a Defaulting Lender and the Requisite Lenders agree, then Agent may be removed as the agent; provided, however, that no such removal of Agent shall in any way affect the rights of Agent in its individual capacity as a Lender.
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Removal of Agent. (i) In the event of the occurrence of any material gross negligence or willful misconduct of Agent, if all of the Lenders (other than a Lender that is then acting as Agent) agree or (ii) if Agent is a Defaulting Lender and the Requisite Lenders agree, then Agent may be removed as the agentAgent; provided, however, that no such removal of Agent shall in any way affect the rights of Agent in its individual capacity as a Lender.
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Removal of Agent. In the event of the occurrence of any material gross negligence or willful misconduct of Agent, if all of the Lenders (other than a Lender that is then acting as Agent) agree, then Agent may be removed as the agent; provided, however, that no such removal of Agent shall in any way affect the rights of Agent in its individual capacity as a Lender. Such removal shall take effect upon the acceptance by a successor Agent of appointment pursuant to Section 8.13(c) hereof.
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