Common use of Replacement of Collateral Agent Clause in Contracts

Replacement of Collateral Agent. The Collateral Agent may resign at any time by so notifying the Company. The Holders of a majority in principal amount of the Securities may remove Collateral Agent with respect to the Securities by so notifying with 31 days prior notice to the Collateral Agent and may appoint a successor Collateral Agent. The Company shall remove Collateral Agent if:

Appears in 7 contracts

Samples: Receivables Pledge Agreement (Transocean Ltd.), Indenture (Transocean Ltd.), Account Pledge Agreement (Transocean Ltd.)

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Replacement of Collateral Agent. (a) The Collateral Agent may resign at any time by so notifying the CompanyIssuer in writing not less than 45 days prior to the effective date of such resignation. The Holders of a majority in of the principal amount of the Securities Notes then outstanding may remove the Collateral Agent with respect to the Securities by so notifying with 31 the removed Collateral Agent in writing not less than 30 days prior notice to the Collateral Agent effective date of such removal and may appoint a successor Collateral AgentAgent with the Issuer’s written consent. The Company shall remove Collateral Agent ifIf:

Appears in 4 contracts

Samples: First Supplemental Indenture (Intercept Pharmaceuticals, Inc.), Security Agreement (Intercept Pharmaceuticals, Inc.), Security Agreement (Intercept Pharmaceuticals, Inc.)

Replacement of Collateral Agent. The Collateral Agent may resign at any time by so notifying the Company. The Majority Holders of a majority in principal amount of the Securities may remove Collateral Agent with respect to the Securities by so notifying with 31 days prior notice to the Collateral Agent and may appoint a successor Collateral Agent. The Company shall remove Collateral Agent if:

Appears in 4 contracts

Samples: Pledge Agreement (Mbia Inc), Security Agreement (Mbia Inc), Indenture (Mbia Inc)

Replacement of Collateral Agent. The Collateral Agent may resign at any time by so notifying the Company. The Holders of a majority in principal amount of the Securities may remove Collateral Agent with respect to the Securities by so notifying with providing 31 days prior notice to the Collateral Agent and may appoint a successor Collateral Agent. The Company shall remove Collateral Agent if:

Appears in 3 contracts

Samples: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)

Replacement of Collateral Agent. (A) The Collateral Agent may resign at any time by so notifying the CompanyCompany in writing not less than 45 days prior to the effective date of such resignation. The Required Holders of a majority in principal amount of the Securities may remove the Collateral Agent with respect to the Securities by so notifying with 31 the removed Collateral Agent in writing not less than 45 days prior notice to the Collateral Agent effective date of such removal and may appoint a successor Collateral AgentAgent with the Company’s written consent. The Company shall remove Collateral Agent ifIf:

Appears in 2 contracts

Samples: Supplemental Indenture (Biora Therapeutics, Inc.), Supplemental Indenture (Biora Therapeutics, Inc.)

Replacement of Collateral Agent. (a) The Collateral Agent may resign at any time by so notifying the CompanyIssuer and the Trustee. The Holders holders of a majority in principal amount of the Securities Notes may remove the Collateral Agent with respect to the Securities by so notifying with 31 days prior notice to the Collateral Agent Issuer and the Trustee and may appoint a successor Collateral Agent. The Company Issuer shall remove the Collateral Agent if:

Appears in 1 contract

Samples: Supplemental Indenture (TAMINCO ACQUISITION Corp)

Replacement of Collateral Agent. The Collateral Agent may resign at any time by so notifying the CompanyIssuer, the Servicer and the Secured Parties. The Holders of a majority in principal amount of the Securities Issuer may remove Collateral Agent with respect to the Securities by so notifying with 31 days prior notice to the Collateral Agent and may appoint a successor Collateral Agent. The Company shall remove Collateral Agent if:

Appears in 1 contract

Samples: Trust Agreement (LTV Corp)

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Replacement of Collateral Agent. The Collateral Agent may resign at any time by so notifying giving 30 days' notice thereof to the Company. If an instrument of acceptance by a successor Collateral Agent shall not have been delivered to the Collateral Agent within 30 days after the giving of such notice of resignation, the resigning Collateral Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Collateral Agent. The Holders of a majority in principal amount of the Securities Notes may remove the Collateral Agent with respect to the Securities by so notifying with 31 days prior notice to the removed Collateral Agent and may appoint a successor Collateral Agent. The Company shall remove Collateral Agent if:in the Event of Default under this

Appears in 1 contract

Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC)

Replacement of Collateral Agent. The Collateral Agent may resign at any time by so notifying providing the CompanyCompany with at least 30 days’ prior written notice of such resignation. The Holders of a majority in principal amount of the Securities Notes may remove the Collateral Agent with respect to the Securities by so notifying with 31 days prior notice to the Company and the Collateral Agent in writing and may appoint a successor Collateral Agent. The Company shall remove the Collateral Agent if:

Appears in 1 contract

Samples: Indenture (Lee Enterprises, Inc)

Replacement of Collateral Agent. (a) The Collateral Agent may resign at any time upon 30 days prior notice by so notifying the Company and the Trustee. The Trustee may remove the Collateral Agent upon 30 days prior notice by so notifying the Company. The Holders of a majority , and, in principal amount of such event, the Securities may remove Collateral Agent with respect to Trustee and the Securities by so notifying with 31 days prior notice to the Collateral Agent and may Company shall appoint a successor Collateral Agent. The Either the Trustee or the Company shall may remove the Collateral Agent if:

Appears in 1 contract

Samples: Security Agreement (Golfsmith International Holdings Inc)

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