Common use of Replacement of the Agent Clause in Contracts

Replacement of the Agent. (a) After consultation with the Borrower, the Majority Lenders may (with the prior consent of the Italian Authorities), by giving thirty (30) days' notice to the Agent, replace the Agent by appointing a successor Agent.

Appears in 4 contracts

Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)

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Replacement of the Agent. (a) After consultation with the Italian Borrower, the Majority Lenders may (with the prior consent of the Italian Authorities)may, by giving thirty (30) 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 Agentsuccessor.

Appears in 2 contracts

Samples: Agreement (Luxottica Group Spa), Facility Agreement (Luxottica Group Spa)

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