Common use of Resignation by an Agent Clause in Contracts

Resignation by an Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days’ prior written notice to the Borrower and the Lenders. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 41 contracts

Samples: Credit Agreement (NCL CORP Ltd.), Fourth Supplemental Agreement (NCL CORP Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.)

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Resignation by an Agent. (a) Any a)Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days’ prior written notice to the Borrower and the Lenders. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 3 contracts

Samples: Sixth Supplemental Agreement (NCL CORP Ltd.), Sixth Supplemental Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.)

Resignation by an Agent. (a) Any The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days' prior written notice to the Borrower and the Lenders. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Credit Agreement (National Tobacco Co Lp), Credit Agreement (National Tobacco Co Lp)

Resignation by an Agent. (a) Any The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days' prior written notice to the Borrower Borrowers and the Lenders. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Credit Agreement (Wang Laboratories Inc), Resort at Summerlin Inc

Resignation by an Agent. (a) Any An Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 fifteen Business Days’ prior written notice to the Borrower Company and the Lenders. Such resignation shall take effect upon the appointment of acceptance by a successor Agent to the vacated agency position of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Revolving Credit Agreement (TPC Group Inc.)

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Resignation by an Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days’ prior written notice to the Borrower and the Lenders. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below or as otherwise provided below.. ​

Appears in 1 contract

Samples: Agreement (Norwegian Cruise Line Holdings Ltd.)

Resignation by an Agent. (ab) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days’ prior written notice to the Borrower and the Lenders. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Supplemental Agreement (Norwegian Cruise Line Holdings Ltd.)

Resignation by an Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days' prior written notice to the Borrower and the LendersBanks. Such In the case of the resignation by any Agent, such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses clause (b) and or (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Ambac Financial Group Inc)

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