Common use of Replacement of Collateral Agent Clause in Contracts

Replacement of Collateral Agent. The Collateral Agent may resign by so notifying the Issuer and the Guarantors in writing. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Collateral Agent by notifying the Issuer and the removed Collateral Agent in writing upon 30 days’ notice and may appoint a successor Collateral Agent with, unless there is a Default or an Event of Default, the Issuer’s written consent, which consent shall not be unreasonably withheld. The Issuer may remove the Collateral Agent at its election if:

Replacement of Collateral Agent. The Collateral Agent may resign by so notifying the Issuer Issuers and the Guarantors in writing. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Collateral Agent by notifying the Issuer Issuers and the removed Collateral Agent in writing upon 30 days’ notice and may appoint a successor Collateral Agent with, unless there is a Default or an Event of Default, the Issuer’s Issuers’ written consent, which consent shall not be unreasonably withheld. The Issuer Issuers may remove the Collateral Agent at its their election if:

Replacement of Collateral Agent. The Collateral Agent may resign by so notifying the Issuer Issuers and the Guarantors in writing. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Collateral Col- lateral Agent by notifying the Issuer Issuers and the removed Collateral Agent in writing upon 30 days’ notice and may appoint a successor Collateral Agent with, unless there is a Default or an Event of Default, the Issuer’s Issuers’ written consent, which consent shall not be unreasonably withheld. The Issuer Issuers may remove the Collateral Agent at its their election if:

Replacement of Collateral Agent. The Collateral Agent may resign by so notifying the Issuer and the Guarantors in writing. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Collateral Agent by notifying the Issuer and the removed Collateral Agent in writing upon 30 days’ ' notice and may appoint a successor Collateral Agent with, unless there is a Default or an Event of Default, the Issuer’s 's written consent, which consent shall not be unreasonably withheld. The Issuer may remove the Collateral Agent at its election if: