Common use of Resignation of a Borrower Clause in Contracts

Resignation of a Borrower. (a) With the prior consent of all the Lenders (such consent to be provided if the Borrower is the subject of a disposal that is permitted under clause 26.13 (Disposals)), the Company may request that such Borrower ceases to be a Borrower by delivering to the Agent a Resignation Letter.

Appears in 3 contracts

Samples: Facilities Agreement (Luxfer Holdings PLC), Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)

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Resignation of a Borrower. (a) 24.1 With the prior consent of all the Lenders (such consent to be provided if the Borrower is the subject of a disposal that is permitted under clause 26.13 (Disposals))Lenders, the Company Obligors’ Agent may request that such a Borrower ceases to be a Borrower by delivering to the Agent a Resignation Letter.

Appears in 2 contracts

Samples: Agreement (Rockley Photonics Holdings LTD), Agreement (Rockley Photonics Holdings LTD)

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Resignation of a Borrower. (a) With the prior consent of all the Lenders (such consent to be provided if the Borrower is the subject of a disposal that is permitted under clause 26.13 (Disposals)26.13), the Company may request that such Borrower ceases to be a Borrower by delivering to the Agent a Resignation Letter.

Appears in 2 contracts

Samples: Senior Facilities Agreement (Luxfer Holdings PLC), Facilities Agreement (Luxfer Holdings PLC)

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