Common use of Replacement of Subordination Agent; Appointment of Successor Clause in Contracts

Replacement of Subordination Agent; Appointment of Successor. The Subordination Agent may resign at any time by so notifying the Trustees and the Liquidity Providers. The Liquidity Provider or the Controlling Party (or, prior to the occurrence of a Triggering Event, the Person who would be the Controlling Party if a Triggering Event had occurred) may remove the Subordination Agent for cause by so notifying the Subordination Agent and may appoint a successor Subordination Agent. The Controlling Party (or, prior to the occurrence of a Triggering Event, the Person who would be the Controlling Party if a Triggering Event had occurred) shall remove the Subordination Agent if:

Appears in 3 contracts

Samples: Intercreditor Agreement (America West Airlines Inc), Intercreditor Agreement (Northwest Airlines Corp), Intercreditor Agreement (America West Airlines Inc)

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Replacement of Subordination Agent; Appointment of Successor. The Subordination Agent may resign at any time by so notifying the Pass Through Trustees and the Liquidity Providers. The Liquidity Provider or the Controlling Party (or, prior to the occurrence of a Triggering Event, the Person who would be the Controlling Party if a Triggering Event had occurred) may remove the Subordination Agent for cause by so notifying the Subordination Agent and may appoint a successor Subordination Agent. The Controlling Party (or, prior to the occurrence of a Triggering Event, the Person who would be the Controlling Party if a Triggering Event had occurred) shall remove the Subordination Agent if:

Appears in 2 contracts

Samples: Intercreditor Agreement (Federal Express Corp), Intercreditor Agreement (Federal Express Corp)

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Replacement of Subordination Agent; Appointment of Successor. The Subordination Agent may resign at any time by so notifying the Trustees and the Liquidity Providers. The Liquidity Provider or the Controlling Party (or, prior to the occurrence of a Triggering Event, the Person who would be the Controlling Party if a Triggering Event had occurred) may remove the Subordination Agent for cause by so notifying the Subordination Agent and may appoint a successor Subordination Agent. The Controlling Party (or, prior to the occurrence of a Triggering Event, the Person who would be the Controlling Party if a Triggering Event had occurred) shall remove the Subordination Agent if:

Appears in 1 contract

Samples: Intercreditor Agreement (Continental Airlines Inc /De/)

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