Common use of Voluntary Substitution of Deposit Takers Clause in Contracts

Voluntary Substitution of Deposit Takers. With the written approval of Agent, which approval will not be unreasonably withheld, BNPLC or any Participant may at any time designate for itself a new Deposit Taker (in replacement of any prior Deposit Taker acting for it hereunder); provided, the Person so designated has satisfied the requirements set forth in Section 4.1; and, provided further, unless the designation of a new Deposit Taker is required by Section 4.4 to replace a Disqualified Deposit Taker, at the time of the replacement such Person must be an Initially Qualified Deposit Taker.

Appears in 8 contracts

Samples: Pledge Agreement (Network Appliance Inc), Pledge Agreement (Network Appliance Inc), Pledge Agreement (Network Appliance Inc)

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Voluntary Substitution of Deposit Takers. With the written approval of Agent, which approval will not be unreasonably withheld, the Deposit Taker for BNPLC or any Participant shall be replaced by any Person designated by BNPLC or the applicable Participant, as the case may at any time designate for itself a new Deposit Taker (in replacement of any prior Deposit Taker acting for it hereunder)be; provided, the such Person so designated has satisfied the requirements set forth in Section 4.10; and, provided further, unless the designation of a new Deposit Taker replacement is required by Section 4.4 to replace a Disqualified Deposit Taker0, at the time of the replacement such Person must be an Initially a Qualified Deposit Taker.

Appears in 1 contract

Samples: Pledge Agreement (Informix Corp)

Voluntary Substitution of Deposit Takers. With the written approval of Agent, which approval will not be unreasonably withheld, BNPLC or any Participant may at any time designate for itself a new Deposit Taker (in replacement of any prior Deposit Taker acting for it hereunder); provided, the Person so designated has satisfied the requirements set forth in Section 4.1; and, provided further, unless the designation of a new Deposit Taker is required by Section 4.4 to replace a Disqualified Deposit Taker4.4, at the time of the replacement such Person must be an Initially Qualified Deposit Taker.

Appears in 1 contract

Samples: Pledge Agreement (Network Appliance Inc)

Voluntary Substitution of Deposit Takers. With the ---------------------------------------- written approval of Agent, which approval will not be unreasonably withheld, BNPLC or any Participant may at any time designate for itself a new Deposit Taker (in replacement of any prior Deposit Taker acting for it hereunder); provided, the Person so designated has satisfied the requirements set forth in Section 4.1; and, provided further, unless the designation of a new Deposit Taker is required by Section 4.4 to replace a Disqualified Deposit Taker, at the time of the replacement such Person must be an Initially Qualified Deposit Taker.

Appears in 1 contract

Samples: Pledge Agreement (Extreme Networks Inc)

Voluntary Substitution of Deposit Takers. With the written approval of Agent, which approval will not be unreasonably withheld, BNPLC BNPPLC or any Participant may at any time designate for itself a new Deposit Taker (in replacement of any prior Deposit Taker acting for it hereunder); provided, the Person so designated has satisfied the requirements set forth in Section 4.1; and, provided further, unless the designation of a new Deposit Taker is required by Section 4.4 to replace a Disqualified Deposit Taker4.4, at the time of the replacement such Person must be an Initially Qualified Deposit Taker.

Appears in 1 contract

Samples: Pledge Agreement (Specialty Laboratories)

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Voluntary Substitution of Deposit Takers. With the written approval of Agent, which approval will not be unreasonably withheld, BNPLC or any Participant may at any time designate for itself a new Deposit Taker (in replacement of any prior Deposit Taker acting for it hereunder); provided, the Person so designated has satisfied the requirements set forth in Section 4.1; and, provided further, unless the designation of a new Deposit Taker is required by Section 4.4 to replace a Disqualified Deposit Taker, at the time of the replacement such Person must be an Initially Qualified Deposit Taker.

Appears in 1 contract

Samples: Pledge Agreement (Network Appliance Inc)

Voluntary Substitution of Deposit Takers. With the written ---------------------------------------- approval of Agent, which approval will not be unreasonably withheld, BNPLC or any Participant may at any time designate for itself a new Deposit Taker (in replacement of any prior Deposit Taker acting for it hereunder); provided, the Person so designated has satisfied the requirements set forth in Section 4.1; and, provided further, unless the designation of a new Deposit Taker is required by Section 4.4 to replace a Disqualified Deposit Taker, at the time of the replacement such Person must be an Initially Qualified Deposit Taker.

Appears in 1 contract

Samples: Pledge Agreement (Extreme Networks Inc)

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