Common use of Successor Collateral Agent Clause in Contracts

Successor Collateral Agent. (i) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the other Transaction Documents at any time by giving at least thirty (30) Business Days’ prior written notice to the Company and each holder of Exchanged Notes. Such resignation shall take effect upon the acceptance by a successor Collateral Agent of appointment pursuant to clauses (ii) and (iii) below or as otherwise provided below.

Successor Collateral Agent. (ia) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the other Transaction Documents at any time by giving at least thirty (30) Business Days30 days’ prior written notice thereof to the Company and each holder of Exchanged Notes. Such Representatives, which resignation shall take effect be effective upon the acceptance by appointment of a successor Collateral Agent by a ratable vote of appointment pursuant to clauses (ii) and (iii) below or as otherwise provided belowthe Representatives.

Successor Collateral Agent. (ia) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the other Transaction Documents at any time by giving at least thirty (30) Business Daysupon 60 days’ prior written notice to the Company Creditors and each holder of Exchanged Notes. Such resignation shall take effect upon the acceptance Borrower, and may be removed, with or without cause, by a successor the Majority Creditors, by written notice to the Borrower, the Collateral Agent and the Creditors. After any resignation or removal hereunder of appointment pursuant the Collateral Agent, the provisions of this Section 4 shall continue to clauses (ii) and (iii) below inure to its benefit as to any actions taken or omitted to be taken by it in its capacity as otherwise provided belowthe Collateral Agent hereunder while it was the Collateral Agent under this Agreement.

Successor Collateral Agent. (i) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the other Transaction Documents at any time by giving at least thirty (30) Business Days’ prior written notice to the Company and each holder of Exchanged Notes. Such resignation shall take effect upon the acceptance by a successor Collateral Agent of appointment pursuant to clauses (ii) and (iiii) below or as otherwise provided below.

Successor Collateral Agent. (ia) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the other Transaction Documents at any time by giving at least thirty (30) Business Daysupon 60 days’ prior written notice to the Creditors and the Company and each holder of Exchanged Notes. Such resignation shall take effect upon may be removed at any time, with or without cause, by the acceptance Majority Creditors by a successor written notice delivered to the Company, the Collateral Agent and the Creditors. After any resignation or removal hereunder of appointment pursuant the Collateral Agent, the provisions of this Section 4 shall continue to clauses (ii) and (iii) below inure to its benefit as to any actions taken or as otherwise provided belowomitted to be taken by it in connection with its agency hereunder while it was the Collateral Agent under this Agreement.

Successor Collateral Agent. (i) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the other Transaction Documents at any time by giving at least not less than thirty (30) Business Daysdays’ prior written notice thereof to the Secured Parties, the Company and each holder of Exchanged Notes. Such resignation shall take effect upon the acceptance by a successor Collateral Agent of appointment pursuant to clauses (ii) and (iii) below or as otherwise provided below.the