Resignation and Replacement. The Operator may resign as Operator upon notifying the non-Operator in writing of its resignation at any time after a Program has been approved by the Management Committee but before the commencement of the implementation of such Program, or at any time if no Program is being carried out at that time. The Operator shall be deemed to have resigned if:
Resignation and Replacement. (a) The Facility Agent may resign as such at any time upon at least thirty (30) days prior notice to the Borrower and all the Lenders; provided, however, that no such resignation shall be effective unless a successor to it as the Facility Agent is appointed in accordance with this Clause. Following delivery of any such notice of resignation, the Required Lenders may, with the prior written consent of the Borrower (such consent not to be unreasonably withheld or delayed), at any time upon fifteen (15) days notice to the Facility Agent and the Borrower, appoint another Lender as the successor Facility Agent which shall thereupon become the Facility Agent hereunder. If no successor Facility Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within thirty (30) days after the retiring Facility Agent's giving notice of resignation, then the retiring Facility Agent may, on behalf of the Finance Parties, appoint (with the prior written consent of the Borrower (such consent not to be unreasonably withheld or delayed)) a successor Facility Agent, which shall be one of the Lenders or another reputable and experienced banking or financial institution.
Resignation and Replacement. Subject to the appointment and acceptance of a successor Administrative Agent as provided below, the Administrative Agent may resign at any time by notifying the Issuing Banks, the Lenders and the Guarantor. Upon any such resignation, the Required Lenders shall have the right to appoint a successor acceptable to the Guarantor, such consent not to be unreasonably withheld; provided, however, that the consent of the Guarantor shall not be required to any such appointment during the continuance of any Event of Default. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent which shall be a bank with an office in the United States, having a combined capital and surplus of at least $500,000,000 or an Affiliate of any such bank. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Administrative Agent. Any resignation by Administrative Agent pursuant to this Section 8.03 shall constitute the concurrent resignation of such entity as an Issuing Bank, provided that any successor Administrative Agent appointed pursuant to this Section 8.03 shall, upon acceptance of such appointment, become, if the Administrative Agent was the sole Issuing Bank hereunder, a successor Issuing Bank.
Resignation and Replacement. 98 12.10 Discharge.................................................. 99
Resignation and Replacement. Subject to the appointment and acceptance of a successor Agent as provided below, any Agent may resign at any time by notifying the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall have the right to appoint a successor acceptable to the Borrower, such consent not to be unreasonably withheld; provided, however, that the consent of the Borrower shall not be required to any such appointment during the continuance of any Event of Default. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent which shall be a bank with an office in the United States, having a combined capital and surplus of at least $500,000,000 or an Affiliate of any such bank. Upon the acceptance of any appointment as Agent hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder. After the Agent's resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Agent.
Resignation and Replacement. 89 SECTION 8.04. Agent in Individual Capacity .............................................90 SECTION 8.05. Indemnification of Agents ................................................90 SECTION 8.06. No Reliance ..............................................................90 SECTION 8.07.
Resignation and Replacement. The Depository may resign and be discharged from all duties and obligations hereunder after giving one month's notice in writing to the other parties hereto. Following any resignation of the Depository, a successor depository shall be forthwith appointed by the Nominee with the consent of the Lenders or, failing such appointment within 10 days of such resignation, by the Supreme Court of British Columbia upon the application of the resigning Depository at the expense of the Lenders. Upon such appointment, the successor depository shall be vested with the same powers, rights and privileges, and be charged with the same duties, trusts and responsibilities, as are herein expressed to be vested in or charged on the Depository.
Resignation and Replacement. The Escrow Agent may resign at any time upon 30 calendar days' advance notice to Athena and the Company, and Athena and the Company may terminate the agency of the Escrow Agent at any time, with or without cause, by notice to the Escrow Agent. If the Escrow Agent resigns, is terminated by Xxxxxx and the Company, or ceases for any other reason to serve as the escrow agent under this Agreement, Xxxxxx and the Company may appoint a successor agent. If Xxxxxx and the Company do not appoint a successor Xxxxxx Agent, or if the appointed successor Xxxxxx Agent does not accept that appointment within 15 calendar days after the effective date of the retiring Escrow Agent's resignation or termination, the retiring Escrow Agent may appoint, following consultation with Xxxxxx and the Company, a successor Xxxxxx Agent on behalf of Athena and the Company to serve as the Escrow Agent under this Agreement. Upon acceptance of its appointment as the Escrow Agent under this Agreement, a successor Xxxxxx Agent will succeed to, and become vested with, all the rights, duties, powers, and privileges of the retiring Escrow Agent, and the retiring Escrow Agent will be discharged from its duties and obligations under this Agreement. This Agreement, and the escrow of the Payments pursuant to it, will not terminate or cease to be effective for want of an Escrow Agent.
Resignation and Replacement. (1) Agent may resign from the performance of all its functions and duties hereunder and/or under any of the Documents at any time by giving 15 days' prior written notice to the Firms. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (3) and (4) below or as otherwise provided below.
Resignation and Replacement i. Escrow Agent may resign by giving at least thirty (30) days written notice to Surety and the Representative. Upon the dissolution or resignation of Escrow Agent, Surety and the Representative shall select a successor escrow agent by mutual agreement. If Escrow Agent has not been notified of the successor on or before the 30th day, Escrow Agent may pay the Escrowed Funds and deliver any documents in its possession into the registry or custody of a court as provided for in
