Common use of Replacement of the Agent Clause in Contracts

Replacement of the Agent. (a) After consultation with the Parent, the Majority Lenders may, by giving 30 days’ notice to the Agent (or, at any time the Agent is an Impaired Agent, by giving any shorter notice determined by the Majority Lenders) replace the Agent by appointing a successor Agent. 120

Appears in 1 contract

Samples: Management Agreement (Sunrise Senior Living Inc)

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Replacement of the Agent. (a) After consultation with the Parent, the Majority Lenders Creditors may, by giving 30 days’ notice to the Agent (or, at any time the Agent is an Impaired Agent, by giving any shorter notice determined by the Majority LendersCreditors) replace the Agent by appointing a successor Agent. 120Agent (acting through an office in the European Union).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

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