Common use of Replacement of the Agent Clause in Contracts

Replacement of the Agent. (a) Notwithstanding its irrevocable appointment and after consultation with the Parent, the Majority Banks 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 Banks) replace the Agent by appointing a successor Agent.

Replacement of the Agent. (a) Notwithstanding its irrevocable appointment and after consultation with the ParentBorrower, the Majority Banks may, by giving 30 (thirty) days’ notice to the Agent (or, at any time the Agent is an Impaired Agent, by giving any shorter notice determined by the Majority Banks) replace the Agent by appointing a successor Agent.

Replacement of the Agent. (a) Notwithstanding its irrevocable appointment and after After consultation with the ParentBorrowers, the Majority Issuing Banks 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 Issuing Banks) replace the Agent by appointing a successor AgentAgent (acting through an office in the United Kingdom).