Resignation of the Facility Agent. (a) The Facility Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Finance Parties and the Borrowers.
Resignation of the Facility Agent. (a) The Facility Agent may resign and appoint any of its Affiliates as successor Facility Agent by giving notice to the other Finance Parties and the Company.
Resignation of the Facility Agent. 26.11.1 The Facility Agent may resign and appoint one of its Affiliates acting through an office in South Africa as successor by giving notice to the other Finance Parties and the Obligors.
Resignation of the Facility Agent. Should the Facility Agent decide to resign its duties as the Facility Agent at any time, it shall provide written notices at least sixty (60) days in advance to the Lenders and the Borrower. The Majority Lenders shall be entitled to designate a successor Facility Agent. If the Lenders have not designated a Facility Agent within sixty (60) days after receiving the notice or the designated Facility Agent has not agreed to accept the appointment, the resigned Facility Agent shall designate a successor Facility Agent on behalf of the Lenders. The Facility Agent’s resignation shall take effect after the successor Facility Agent has been appointed and agreed to take on the position. The successor Facility Agent shall inherit the original rights, privileges, decision making rights, and duties of the resigned Facility Agent; and the resigned Facility Agent shall be absolved of any continued responsibilities and obligations as the Facility Agent under the terms of this Agreement. The resigned Facility Agent shall remit the unearned Facility Agent Fee that it has already received based on the ratio calculated according to the effective date of its resignation to the successor Facility Agent. The parties to the Agreement agree to sign any documents required for the replacement of Facility Agent. After the resignation of the original Facility Agent, the terms provided by Paragraphs 7, 8, and 9 of this Article shall serve to protect the interests of the resigned Facility Agent, and the resigned Facility Agent’s actions or inactions within its terms of office shall remain valid.
Resignation of the Facility Agent. 21.15.1 The Facility Agent may resign by giving thirty (30) days' prior notice to the Banks and the Company, in which case the Facility Agent may forthwith appoint one of its Affiliates acting through an office in France as successor Facility Agent or, failing that, the Majority Xxxxx may appoint a successor Facility Agent which shall be incorporated and acting through an office situated in France, in each case with the Company's consent (which shall not be unreasonably withheld or delayed).
Resignation of the Facility Agent. 22.1.4.1. In the event that as a result of any law it shall become illegal for Bank Hapoalim (or any subsequent Facility Agent) to act as Facility Agent, it may, upon the giving of 30 (thirty) days’ prior written notice to that effect to the Finance Parties and to the Borrower, resign, provided that no such resignation shall be effective until a successor for the Facility Agent is appointed in accordance with the succeeding provisions of clause 22.1.4.2 below.
Resignation of the Facility Agent. The Facility Agent may resign and appoint one of its affiliates as successor by giving notice to the Funders and the Borrower. Alternatively the Facility Agent may resign by giving 30 (thirty) days' notice to the Funders and the Borrower, in which case the Funders (in accordance with [Schedule 2]) (after consultation with the Borrower) may appoint a successor Facility Agent. If the Funders have not appointed a successor Facility Agent in accordance with paragraph (b) above within 20 (twenty) days after notice of resignation was given, the retiring Facility Agent (after consultation with the Borrower) may appoint a successor Agent (acting through an office in the United Kingdom). If the Facility Agent wishes to resign because (acting reasonably) it has concluded that it is no longer appropriate for it to remain as agent and the Facility Agent is entitled to appoint a successor Facility Agent under paragraph (c) above, the Facility Agent may (if it concludes (acting reasonably) that it is necessary to do so in order to persuade the proposed successor agent to become a party to this Agreement as Facility Agent) agree with the proposed successor agent amendments to this Xxxxxx and any other term of this Agreement dealing with the rights or obligations of the Facility Agent consistent with then current market practice for the appointment and protection of corporate trustees together with any reasonable amendments to the agency fee payable under this Agreement which are consistent with the successor Facility Agent's normal fee rates and those amendments will bind the Parties. The retiring Facility Agent shall make available to the successor Facility Agent such documents and records and provide such assistance as the successor Facility Agent may reasonably request for the purposes of performing its functions as Facility Agent under the Finance Documents. The Borrower shall, within 3 (three) Business Days of demand, reimburse the retiring Facility Agent for the amount of all costs and expenses (including legal fees) properly incurred by it in making available such documents and records and providing such assistance. The Facility Agent's resignation notice shall only take effect upon the appointment of a successor. Upon the appointment of a successor, the retiring Facility Agent shall be discharged from any further obligation in respect of the Finance Documents (other than its obligations under paragraph (e) above) but shall remain entitled to the benefit of [Claus...
Resignation of the Facility Agent. (a) The Facility Agent may resign by giving 30 days' notice to the Finance Parties and the Company. If the Facility Agent resigns as the Facility Agent under this Agreement, the Majority Lenders shall (after consultation with the Company) appoint from among the Lenders a successor Facility Agent.
Resignation of the Facility Agent. (a) Notwithstanding its irrevocable appointment, the Facility Agent may resign by giving notice to the Lenders and the Borrower, in which case the Facility Agent may forthwith appoint one of the Shell Affiliates or any Lender as successor Facility Agent or, failing that, the Majority Lenders may appoint a successor Facility Agent.
Resignation of the Facility Agent. The Facility Agent may resign its appointment under this Agreement at any time without assigning any reason therefor by giving not less than thirty (30) days' prior written notice to that effect to each of the other parties to this Agreement Provided that no such resignation shall be effective until a successor for the Facility Agent is appointed in accordance with the succeeding provisions of this Clause 24 (The Facility Agent, the Security Agent, the Arranger and the Banks).
