Common use of Resignation by the Agents Clause in Contracts

Resignation by the Agents. (a) 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 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 5 contracts

Samples: Credit Agreement (Nash Finch Co), Credit Agreement (Flowers Foods Inc), Credit Agreement (Flowers Foods Inc)

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Resignation by the Agents. (a) 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 LendersBorrowers and the Banks. 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 4 contracts

Samples: Credit Agreement (Furniture Brands International Inc), Credit Agreement (Furniture Brands International Inc), Credit Agreement (Furniture Brands International Inc)

Resignation by the Agents. (a) 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' Days prior written notice to the LendersCompany and the Banks. 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 3 contracts

Samples: Credit Agreement (Zurn Industries Inc), Credit Agreement (Zurn Industries Inc), Credit Agreement (Zurn Industries Inc)

Resignation by the Agents. (a) The Administrative 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 Days30 days' prior written notice to the LendersCompany and the Banks. Such resignation shall take effect upon the appointment of acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 3 contracts

Samples: Credit Agreement (Textron Inc), 364 Day Credit Agreement (Textron Inc), Year Credit Agreement (Textron Inc)

Resignation by the Agents. (a) The Administrative Either 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 LendersBorrowers and the Banks. Such resignation by the Administrative Agent shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (bSections 11.08(b) and (c) below or as otherwise provided belowin this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Galaxy Fund /De/), Credit Agreement (Galaxy Vip Fund), Credit Agreement (Galaxy Fund Ii)

Resignation by the Agents. (a) The Administrative Each 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 LendersBorrower and the Banks. 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 3 contracts

Samples: Credit Agreement (Northwest Airlines Corp), Credit Agreement (Northwest Airlines Corp), Northwest Airlines Corp

Resignation by the Agents. (a) The Administrative 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 Days30 days' prior written notice to the LendersCompany and the Banks. Such resignation shall take effect upon the appointment of acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

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

Resignation by the Agents. (a) 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 LendersBorrower and the Banks. 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 (Hq Global Holdings Inc), Credit Agreement (Frontline Capital Group)

Resignation by the Agents. (a) 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 LendersLenders and the Borrower. 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 (Alpine Group Inc /De/), Credit Agreement (Alpine Group Inc /De/)

Resignation by the Agents. (a) The Administrative 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 Days30 days' prior written notice to the LendersCompany and the Banks. Such resignation shall take effect upon the appointment of acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Day Credit Agreement (Textron Inc), Credit Agreement (Textron Inc)

Resignation by the Agents. (a) 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 (Pca Valdosta Corp), Credit Agreement (Packaging Corp of America)

Resignation by the Agents. (a) The Administrative Each Agent may resign from the performance of all its respective functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 10 Business Days' ’ prior written notice to the LendersLenders and, unless an Event of Default under Section 12.05 then exists, the Revolving Borrower. 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 (International Money Express, Inc.), Credit Agreement (Fintech Acquisition Corp. II)

Resignation by the Agents. (a) 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 LendersBorrower and the Banks. 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. Each other Agent may resign from the performance of all of its functions and duties hereunder and/or under the other Credit Documents at any time by giving notice to the Borrower, the Administrative Agent and the Banks. Such resignation shall take effect upon delivery of such notice.

Appears in 2 contracts

Samples: Credit Agreement (FSC Semiconductor Corp), Credit Agreement (Fairchild Semiconductor Corp)

Resignation by the Agents. (a) 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 1 contract

Samples: Credit Agreement (Waters Corp /De/)

Resignation by the Agents. (axxxii) 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 30 Business Days' prior written notice to the LendersLenders and the Credit Agreement Parties. 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: Credit Agreement (Vertis Inc)

Resignation by the Agents. (a) 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 LendersCompany and the Banks. 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: Credit Agreement (Coltec Industries Inc)

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Resignation by the Agents. (a) The Administrative Either 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 LendersBorrowers and the Banks. Such resignation by the Operations Agent shall take effect upon the appointment of a successor Administrative Operations Agent pursuant to clauses (bSections 11.08(b) and (c) below or as otherwise provided belowin this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Nicholas Applegate Fund Inc)

Resignation by the Agents. (a) 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 fifteen (15) Business Days' prior written notice to the LendersBorrower and the Banks. 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: Credit Agreement (Golden Sky Systems Inc)

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

Appears in 1 contract

Samples: Pacific Drilling S.A.

Resignation by the Agents. (a) The Administrative Agent may resign from the performance of all its respective functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days' prior written notice to the LendersLenders and the Borrower. 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: Secured Bridge Credit Agreement (Aes Corporation)

Resignation by the Agents. (a) The Administrative Agent may resign from the performance of all its their respective functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days' prior written notice to the LendersLenders and the Borrower (provided that no such notice shall be required to be given to the Borrower if a Default or an Event of Default of the type described in Section 10.05 exists with respect to the Borrower). Such resignation resignation, in the case of the Administrative Agent, 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: Pledge Agreement (Extended Stay America Inc)

Resignation by the Agents. (a) 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 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 1 contract

Samples: Credit Agreement (Furniture Brands International Inc)

Resignation by the Agents. (a) 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 Lenders. Such Company and the Banks, and 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. The Syndication Agent may resign from the performance of all of its functions and duties hereunder and/or under the other Credit Documents at any time by giving written notice thereof to the Company and the Banks, and such resignation shall take effect immediately.

Appears in 1 contract

Samples: Credit Agreement (Chartwell Leisure Inc)

Resignation by the Agents. (a) 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 LendersCompany and the Banks. Such In the case of the resignation by the Administrative Agent, 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: Credit and Reimbursement Agreement (R&b Falcon Corp)

Resignation by the Agents. (a) 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 Lenders. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (bc) and (cd) below or as otherwise provided below; provided that in no event shall any such successor Administrative Agent be a Defaulting Lender.

Appears in 1 contract

Samples: Credit Agreement (Flowers Foods Inc)

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