Common use of Resignation or Removal of Agent Clause in Contracts

Resignation or Removal of Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Financing Documents at any time by giving thirty (30) days’ prior notice to the Borrower and the Lenders. Any Agent may be removed at any time by the Required Lenders. Such resignation or removal shall take effect upon the appointment of a successor Agent, in accordance with this Section 9.06.

Appears in 4 contracts

Samples: Senior Credit Agreement (Advanced BioEnergy, LLC), Senior Credit Agreement (Advanced BioEnergy, LLC), Blocked Account Agreement (First United Ethanol LLC)

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Resignation or Removal of Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Financing Documents at any time by giving thirty (30) days’ prior notice to the Borrower and the Lenders. Any Agent may be removed at any time by the Required Lenders. Such resignation or removal shall take effect upon the appointment of a successor Agent, in accordance with this Section 9.0610.06.

Appears in 3 contracts

Samples: Credit Agreement (Renewable Energy Group, Inc.), Credit Agreement (Nova Biosource Fuels, Inc.), Credit Agreement (Renewable Energy Group, Inc.)

Resignation or Removal of Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Financing Documents at any time by giving thirty (30) days’ prior notice to the Borrower Borrowers and the Lenders. Any Agent may be removed at any time by the Required Lenders. Such resignation or removal shall take effect upon the appointment of a successor Agent, in accordance with this Section 9.0610.06.

Appears in 2 contracts

Samples: Possession Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (ASAlliances Biofuels, LLC)

Resignation or Removal of Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Financing Documents at any time by giving thirty (30) days’ days prior written notice thereof to the Borrower Borrowers and the Lenders. Any , and Agent may be removed at any time with or without cause by the Required Lenders. Such Upon any such resignation or removal removal, the Required Lenders shall take effect upon have the appointment of right to appoint a successor Agent, in accordance with this Section 9.06.which Agent, if not a Lender, shall be reasonably acceptable to Borrowers; provided, however, that

Appears in 1 contract

Samples: Assignment Agreement (Flextronics International LTD)

Resignation or Removal of Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Financing Documents at any time by giving thirty (30) days’ days prior written notice thereof to the Borrower Borrowers and the Lenders. Any , and Agent may be removed at any time with or without cause by the Required Lenders. Such Upon any such resignation or removal removal, the Required Lenders shall take effect upon have the appointment of right to appoint a successor Agent, in accordance with this Section 9.06.which Agent, if not a

Appears in 1 contract

Samples: Credit Agreement (Lsi Logic Corp)

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Resignation or Removal of Agent. (a) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Financing Documents at any time by giving thirty (30) days’ prior notice to the Borrower Borrowers and the Lenders. Any The Collateral Agent or the Administrative Agent may be removed at any time by the Required Lenders. Such The Accounts Bank may be removed at any time by the Required Lenders and the Required Existing Lenders. Any such resignation or removal shall take effect upon the appointment of a successor Agent, in accordance with this Section 9.0610.06.

Appears in 1 contract

Samples: Credit Agreement (Pacific Ethanol, Inc.)

Resignation or Removal of Agent. (axxvi) Any Agent may resign from the performance of all its functions and duties hereunder and/or under the other Financing Documents at any time by giving thirty (30) days’ prior notice to the Borrower Borrowers and the Lenders. Any Agent may be removed at any time by the Required Lenders. Such resignation or removal shall take effect upon the appointment of a successor Agent, in accordance with this Section 9.0610.06.

Appears in 1 contract

Samples: Possession Credit Agreement (Pacific Ethanol, Inc.)

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