Common use of Resignation by the Agent Clause in Contracts

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 145 contracts

Samples: Security Agreement (International Stem Cell CORP), Security Agreement (Wave Uranium Holding), Securities Purchase Agreement (Eyes on the Go, Inc.)

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Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 72 contracts

Samples: Security Agreement (Synova Healthcare Group Inc), Security Agreement (Mela Sciences, Inc. /Ny), Security Agreement (BioRestorative Therapies, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 17 contracts

Samples: Security Agreement (QPC Lasers), Security Agreement (Victory Electronic Cigarettes Corp), Patent and Trademark Security Agreement (Amarantus Bioscience Holdings, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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 17 contracts

Samples: Credit Agreement (Universal Outdoor Holdings Inc), Credit Agreement (Florsheim Shoe Co /De/), Credit Agreement (Northwest Airlines Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 12 contracts

Samples: Security Agreement (Isun, Inc.), Security Agreement (Digital Ally, Inc.), Security and Pledge Agreement (Notis Global, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 9 contracts

Samples: Intellectual Property Security Agreement (Telecommunication Systems Inc /Fa/), Security Agreement (MassRoots, Inc.), Security Agreement (Medovex Corp.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Capital Protection Documents at any time by giving 30 days' 15 Business Days’ prior written notice (as provided in the Agreement) to the Debtors Capital Protection Provider and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) belowFund.

Appears in 5 contracts

Samples: Capital Protection Agreement (Janus Aspen Series), Capital Protection Agreement (Janus Aspen Series), Capital Protection Agreement (Janus Investment Fund)

Resignation by the Agent. (ai) The Agent may resign from the performance of all its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreementpursuant to Section 16) to the Debtors Company and the Secured Parties. Such resignation shall take effect upon the appointment of a successor the Agent pursuant to clauses (bii) and (cii) below.

Appears in 4 contracts

Samples: Security Agreement (Alldigital Holdings, Inc.), Security Agreement (Alldigital Holdings, Inc.), Security Agreement (US Dry Cleaning Services Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. Such In the case of the resignation by the Agent, such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (bSection 11.08(b) and (cor 11.08(c) belowor as otherwise provided in Section 11.08(d).

Appears in 4 contracts

Samples: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Radian Group Inc), Credit Agreement (Radian Group Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesParty. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 4 contracts

Samples: Security Agreement (Omnireliant Holdings, Inc.), Security Agreement (Mobiquity Technologies, Inc.), Security Agreement (Valcom, Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its respective functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesBanks. 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: Credit Agreement (Atc Group Services Inc /De/), Credit Agreement (Sitel Corp), Sitel Corp

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 3 contracts

Samples: Security Agreement (Anpath Group, Inc.), Security Agreement (Anpath Group, Inc.), Security Agreement (Creatd, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents hereunder at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. Such resignation shall take effect upon the appointment of acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 3 contracts

Samples: Credit Agreement (Stone Container Corp), Credit Agreement (Stone Container Corp), Credit Agreement (Stone Container Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Pledgor and the Secured PartiesPledgees. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 3 contracts

Samples: Registration Rights Agreement (Accentia Biopharmaceuticals Inc), Pledge Agreement (Accentia Biopharmaceuticals Inc), Pledge Agreement (Accentia Biopharmaceuticals Inc)

Resignation by the Agent. (i) (a) The Agent (A) may resign at any time or (B) upon it no longer being a Holder, it must resign, by giving 30 days’ prior written notice to the Debtors and the Secured Parties or (b) if requested in writing by the Required Holders, must immediately resign upon the appointment of a successor Agent pursuant to clause (ii) below, from the performance of all its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesAgent. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (bii) and (ciii) below.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Guardian 8 Holdings), Pledge and Security Agreement (PRB Energy, Inc.), Pledge and Security Agreement (EnerJex Resources, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 3 contracts

Samples: Security Agreement (Ceelox Inc.), Security Agreement (Metalink LTD), Israeli Security Agreement (Metalink LTD)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in pursuant to Section 16 of the Agreement) to the Debtors Company and the Secured Parties. Such resignation shall take effect upon the appointment of a successor the Agent pursuant to clauses (b) and (c) below.

Appears in 3 contracts

Samples: Security Agreement (Balqon Corp.), Security Agreement (Balqon Corp.), Security Agreement (Balqon Corp.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesPurchasers. Such The resignation shall take effect upon the appointment of a successor Agent pursuant to clauses subsections (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Certificate Purchase Agreement (Specialty Foods Corp), Certificate Purchase Agreement (Specialty Foods Acquisition Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Grantors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 2 contracts

Samples: Security Agreement (Pure Bioscience, Inc.), Security Agreement (ZBB Energy Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all of its functions and duties hereunder and/or under the Agreement and the other Transaction Loan Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. 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 2 contracts

Samples: Credit and Guaranty Agreement (BMJ Medical Management Inc), Credit Agreement (BMJ Medical Management Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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 2 contracts

Samples: Credit Agreement (Wireless Facilities Inc), Credit Agreement (Wireless Facilities Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents hereunder at any time by giving 30 days' thirty Business Days’ prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. Such resignation shall take effect upon the appointment of acceptance by a successor Agent of appointment pursuant to clauses (b) and or (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Credit Agreement (Supervalu Inc), Credit Agreement (Supervalu Inc)

Resignation by the Agent. (a) The Agent may resign from the ------------------------ performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrowers and the Secured PartiesBanks. 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 2 contracts

Samples: Credit Agreement (Ikon Office Solutions Inc), Credit Agreement (Alco Standard Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Security Agreement and the other Transaction Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the Security Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 2 contracts

Samples: Security Agreement (Practicexpert Inc), Security Agreement (Practicexpert Inc)

Resignation by the Agent. (a) The Agent may resign from the ------------------------ performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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 2 contracts

Samples: Credit Agreement (Physician Health Corp), Warrant Agreement (Autotote Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents hereunder at any time by giving 30 daysthirty (30) Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. Such resignation shall take effect upon the appointment of acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Credit Agreement (Supervalu Inc), Credit Agreement (Supervalu Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesParty. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 2 contracts

Samples: Security Agreement (Endexx Corp), Security Agreement (Endexx Corp)

Resignation by the Agent. (a) The Agent may resign from ------------------------ the performance of all of its functions and duties hereunder and/or under the Agreement and the other Transaction Loan Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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: Security Agreement (Synbiotics Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Dobi Medical International Inc)

Resignation by the Agent. (a) The Agent may resign ------------------------ from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. Such In the case of the resignation by the 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)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesParty. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Giga Tronics Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesBanks. 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: Credit Agreement (American Italian Pasta Co)

Resignation by the Agent. (a) The Agent may resign from the ------------------------ performance of all its functions and duties under the Agreement and the other Transaction Documents hereunder at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesBanks. 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: Credit Agreement (Sunoco Logistics Partners Lp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days' 15 Business Days" prior written notice (as provided in the Agreement) to the Debtors Borrowers and the Secured PartiesBanks. 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: Credit Agreement (Neodata Services Inc)

Resignation by the Agent. Documentation Agent and the Co-Agents. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days20 Business Days' prior written notice (as provided in the Agreement) to the Debtors Banks and the Secured PartiesBorrower. 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: Credit Agreement (Big Flower Press Holdings Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days' 15 Business Days’ prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. Such In the case of the resignation by the Agent, such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (bSection 11.08(b) and (cor 11.08(c) belowor as otherwise provided in Section 11.08(d).

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents hereunder at any time by giving 30 days' thirty Business Days’ prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. Such resignation shall take effect upon the appointment of acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Supervalu Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its respective functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days' 15 Business Days’ prior written notice (as provided in the Agreement) to the Debtors and Lenders and, unless a Default or an Event of Default under Section 11.05 then exists, the Secured PartiesBorrower. 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: Credit Agreement (Trico Marine Services Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (Nauticus Robotics, Inc.)

Resignation by the Agent. (ai) The Agent may resign from the performance of all its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreementpursuant to Section 13) to the Debtors Company and the Secured Parties. Such resignation shall take effect upon the appointment of a successor the Agent pursuant to clauses (bii) and (cii) below.

Appears in 1 contract

Samples: Security Agreement (SONDORS Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents Notes at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Pledgors and the Secured PartiesPledgees. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (Solar Wind Energy Tower, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement Mortgage and the other Transaction Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the AgreementMortgage) to the Debtors Company and the Secured PartiesHolder. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Baseline Oil & Gas Corp.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Loan Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. 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: Loan Agreement (Tech Electro Industries Inc/Tx)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesPurchasers. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Securities Purchase Agreement (Technoconcepts, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Oz Rey and the Secured PartiesPurchasers. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Securities Exchange Agreement (Oz Rey LLC)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the Agreement) to the Debtors Company and the each Secured PartiesParty. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Endexx Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Documents Agreements at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. 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: Rig Finance Agreement (Chiles Offshore Inc/New/)

Resignation by the Agent. (a) The Agent may resign from ------------------------ the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Loan Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. 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: Credit Agreement (HCC Industries International)

Resignation by the Agent. (a) The Agent may resign from the performance of all its their respective functions and duties hereunder and/or under the Agreement and the other Transaction Documents Loan Instruments at any time by giving 30 thirty (30) days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured Parties. 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 (NRG Generating U S Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days' 15 Business Days’ prior written notice (as provided in the Agreement) to the Debtors FSA and the Secured PartiesBanks. Such In the case of the resignation by the Agent, such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (bSection 11.09(b) and (cor 11.09(c) belowor as otherwise provided herein.

Appears in 1 contract

Samples: Credit Agreement (Financial Security Assurance Holdings LTD)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Facility Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Ruthigen, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its respective functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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: Credit Agreement (Power Ten)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesPledgees. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ifan Financial, Inc.)

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Resignation by the Agent. (aA) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days' 15 Business Days prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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: Credit Agreement (St Joe Co)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents hereunder at any time by giving 30 daysfifteen (15) Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. Such resignation shall take effect upon the appointment of acceptance by a successor the Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Shopko Stores Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and under the Agreement and the other Transaction Loan Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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: Revolving Credit Agreement (Enron Capital & Trade Resources Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Epic Stores Corp.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days' 15 Business Days prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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: Credit Agreement (Autotote Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its respective functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesLenders. 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: Credit Agreement (Neff Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Related Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesPurchasers. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (LOCAL Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. Such In the case of the resignation by the Agent, such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (bSection 10.08(b) and (cor 10.08(c) belowor as otherwise provided in Section 10.08(d).

Appears in 1 contract

Samples: Credit Agreement (RAM Holdings Ltd.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesInvestors. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Securities Purchase Agreement (Xenomics Inc)

Resignation by the Agent. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 daysfifteen (15) Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. 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 1 contract

Samples: Security Agreement (Firstlink Communications Inc)

Resignation by the Agent. (i) (a) The Agent (A) may resign at any time or (B) upon it no longer being a Holder, it must resign, by giving thirty (30) days’ prior written notice to the Debtors and the Secured Parties or (b) if requested in writing by the Required Holders, must immediately resign upon the appointment of a successor Agent pursuant to clause (ii) below, from the performance of all its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesAgent. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (bii) and (ciii) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (U S Wireless Data Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Pledgor and the Secured PartiesPledgees. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (ABC Funding, Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesBanks. Such In the case of the resignation by the Agent, 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: Credit Agreement (Tracor Inc /De)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (MassRoots, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Debtor and ESI and the Secured PartiesHolders. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Credit Agreement (Ecosphere Technologies Inc)

Resignation by the Agent. (ai) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Operative Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesBanks. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (bii) and (ciii) below or as otherwise provided below.

Appears in 1 contract

Samples: Reimbursement Agreement (Central Louisiana Electric Co Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Green Earth Technologies, Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Operative Documents at any time by giving 30 thirty (30) days' prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured PartiesParty. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Intercloud Systems, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Documents Assignment at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesBanks. 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: Revolving Credit Agreement (Amcast Industrial Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents hereunder at any time by giving 30 daysthirty Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. Such resignation shall take effect upon the appointment of acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Supervalu Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Purchase Agreement) to the Debtors and the Secured PartiesPurchasers. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mela Sciences, Inc. /Ny)

Resignation by the Agent. (ai) The Agent may resign from the performance of all its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesPurchasers. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Control Account and Security Agreement (Consolidated Energy Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Pledgors and the Secured PartiesPledgees. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (Grom Social Enterprises, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties here- under and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Company and the Secured PartiesBanks. Such resignation shall take effect upon the appointment appoint- ment of a successor Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (American Italian Pasta Co)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Pledgor and the Secured PartiesPledgees. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Pledge Agreement (Wastemasters Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to Agreement)to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and b)and (c) belowc)below.

Appears in 1 contract

Samples: Security Agreement (Healthcare Corp of America)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents (as defined in the Purchase Agreement) at any time by giving 30 days' thirty (30)-days’ prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Black Cactus Global, Inc.)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days' 15 Business Days prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesRequired Lenders. Such resignation shall take effect upon the appointment of a successor to the Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (American Homepatient Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesPledgee. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (FONU2 Inc.)

Resignation by the Agent. (a) The Agent may resign from the ------------------------ performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Loan Documents at any time by giving 30 daysfifteen Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. 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 (Physician Health Corp)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors and the Secured PartiesBanks. 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: Credit Agreement (Jordan Industries Inc)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Financing Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors Borrower, the Fronting Bank and each Lender; provided, however, that if the Secured PartiesAgent shall determine, in its sole discretion, that its resignation shall be immediately required by law, no prior notice shall be required. 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: Reimbursement Agreement (Delta Air Lines Inc /De/)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder and/or under the Agreement and the other Transaction Credit Documents at any time by giving 30 days15 Business Days' prior written notice (as provided in the Agreement) to the Debtors FSA and the Secured PartiesBanks. Such In the case of the resignation by the Agent, such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (bSection 11.09(b) and (cor 11.09(c) belowor as otherwise provided herein.

Appears in 1 contract

Samples: Credit Agreement (Financial Security Assurance Holdings LTD/Ny/)

Resignation by the Agent. (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Sg Blocks, Inc.)

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