Status of Successor. Every successor Collateral Agent appointed pursuant to subsection 7.6 shall be a bank or trust company in good standing and having power to act as Collateral Agent hereunder, incorporated under the laws of the United States of America or any State thereof or the District of Columbia.
Appears in 2 contracts
Samples: Credit Agreement (General Communication Inc), Credit Agreement (General Communication Inc)
Status of Successor. Every successor Collateral Agent appointed pursuant to subsection Section 7.6 shall be a commercial bank or trust company in good standing and having power to act as the Collateral Agent hereunder, incorporated under the laws of the United States of America or any State thereof or the District of Columbia, and borrowing a combined capital and surplus of at least $500,000,000.
Appears in 2 contracts
Samples: Security Agreement (Pillowtex Corp), Security Agreement (Pillowtex Corp)
