Replacement Representative Clause Samples
The Replacement Representative clause defines the process for appointing a new representative if the original one is unable or unwilling to continue in their role. Typically, this clause outlines who has the authority to select a replacement, the criteria for selection, and the timeframe within which the replacement must be appointed. Its core function is to ensure continuity and avoid disruptions in representation, thereby maintaining the smooth operation of the agreement or transaction.
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Replacement Representative. (a) Entegris may designate any loan or credit agreement referred to in clause (i) of the definition of the term “Replacement Entegris Credit Agreement” or clause (i) of the definition of the term “Replacement Versum Credit Agreement” as the Replacement Entegris Credit Agreement or the Replacement Versum Credit Agreement, as the case may be, and the Replacement Representative in respect of the Replacement Entegris Credit Agreement or the Replacement Versum Credit Agreement, as the case may be, may become a party hereto, on behalf of itself and the Pari Secured Parties represented by it, upon the satisfaction of the following requirements:
(i) Entegris shall have delivered to each Representative a completed Designation, executed on its behalf by an Authorized Officer, pursuant to which Entegris shall (1) attach, and certify as true and correct, copies of the Replacement Entegris Credit Agreement or the Replacement Versum Credit Agreement, as the case may be, (2) specify the initial aggregate principal amount or committed amount of the Indebtedness that will constitute Entegris Credit Agreement Obligations or Versum Credit Agreement Obligations, as applicable, after giving effect to such Designation, (3) specify the name and address of the Replacement Representative in respect of the Replacement Entegris Credit Agreement or the Replacement Versum Credit Agreement, as applicable, (4) certify that such Entegris Credit Agreement Obligations or Versum Credit Agreement Obligations, as applicable, are permitted by each Pari Document (other than any Pari Document to be discharged and terminated upon the incurrence thereof) and that the conditions set forth in this Section 5.14 are satisfied with respect to such Entegris Credit Agreement Obligations or Versum Credit Agreement Obligations, as applicable, and (D)(x) in the case of a Replacement Entegris Credit Agreement, expressly state that such agreement satisfies the requirements of a Replacement Entegris Credit Agreement and is designated as a Replacement Entegris Credit Agreement or (y) in the case of a Replacement Versum Credit Agreement, expressly state that such agreement satisfies the requirements of a Replacement Versum Credit Agreement and is designated as a Replacement Versum Credit Agreement; and
(ii) the Replacement Representative in respect of the Replacement Entegris Credit Agreement or the Replacement Versum Credit Agreement, as applicable, shall have executed and delivered a Joinder Agreement pursuant...
Replacement Representative. The state MSCF may designate an additional representative or a 20 “replacement representative” at any point in the grievance process. Whenever possible, the state 21 MSCF will notify the affected campus administrators and Chancellor or designee of the 22 additional replacement representative in a timely manner that will not interrupt processing of the
Replacement Representative. The State MSCF may designate an additional representative or a “replacement representative” at any point in the grievance process. Whenever possible, the State MSCF will notify the affected campus administrators and Chancellor or designee of the additional replacement representative in a timely manner that will not interrupt processing of the grievance.
Replacement Representative. Sellers agree to provide Buyer with thirty (30) days prior written notice of the removal of any “Representative” (as defined in the Representative Agreement) pursuant to the Representative Agreement. Any such removal shall not be effective until the appointment of a substitute Representative, and any such substitute Representative shall be deemed to be the Sellers’ Representative for the purposes of this Agreement.