AGENT MAY APPOINT SUCCESSOR Sample Clauses

AGENT MAY APPOINT SUCCESSOR. If any Agent gives notice of its resignation in accordance with Clause 15.1 (Resignation) and by the tenth day before the expiration of such notice a successor agent has not been duly appointed in accordance with Clause 15.4 (Additional and Successor Agents), such Agent may itself, following such consultation with the Current Issuer as is practicable in the circumstances and with the prior written approval of the Note Trustee and the Current Issuer (provided such failure to appoint was not due to default by the Current Issuer), appoint as its successor agent any reputable and experienced bank or financial institution and give notice of such appointment to the Current Issuer, the Note Trustee, the Current Issuer Cash Manager, the remaining Agents and the Noteholders.
AutoNDA by SimpleDocs
AGENT MAY APPOINT SUCCESSOR. If any Agent gives notice of its resignation in accordance with CLAUSE 12.1 and by the tenth day before the expiration of such notice a Successor Agent has not been duly appointed, such Agent may itself, following such consultation with the Eighth Issuer as is practicable in the circumstances and with the prior written approval of the Note Trustee and the Eighth Issuer (provided such failure to appoint was not due to default by the Eighth Issuer), appoint as its Successor Agent any reputable and experienced bank or financial institution and give notice of such appointment to the Eighth Issuer, the remaining Agents and the Noteholders.
AGENT MAY APPOINT SUCCESSOR. If any Agent gives notice of its resignation in accordance with Clause 12.1 and by the tenth day before the expiration of such notice a successor has not been duly appointed, such Agent may itself, following such consultation with the Issuer as is practicable in the circumstances and with the prior written approval of the Note Trustee and the Issuer (provided such failure to appoint was not due to default by the Issuer), appoint as its successor any reputable and experienced bank or financial institution and give notice of such appointment to the Issuer, the remaining Agents and the Noteholders. Such successor shall execute and deliver to the relevant Agent, the Issuer, the Note Trustee and (unless the relevant Agent is the Principal Paying Agent) the Principal Paying Agent an instrument accepting appointment on the terms and conditions of this Agreement whereupon the Issuer, the remaining Agents and such successor agent shall acquire and become subject to the same rights and obligations between themselves as if they had entered into an agreement in the form mutatis mutandis of this Agreement.
AGENT MAY APPOINT SUCCESSOR. If any Agent gives notice of its resignation in accordance with Clause 12.1 and by the tenth day before the expiration of such notice a Successor Agent has not been duly appointed, such Agent may itself, following such consultation with the Master Issuer as is practicable in the circumstances and with the prior written approval of the Note Trustee and the Master Issuer (provided such failure to appoint was not due to default by the Master Issuer), appoint as its Successor Agent any reputable and experienced bank or financial institution and give notice of such appointment to the Master Issuer, the remaining Agents and the Noteholders.
AGENT MAY APPOINT SUCCESSOR. If any Agent gives notice of its resignation in accordance with CLAUSE 12.1 and by the tenth day before the expiration of such notice a Successor Agent has not been duly appointed, such Agent may itself, following such consultation with the Second Issuer as is practicable in the circumstances and with the prior written approval of the Note Trustee and the Second Issuer (provided such failure to appoint was not due to default by the Second Issuer), appoint as its Successor Agent any reputable and experienced bank or financial institution and give notice of such appointment to the Second Issuer, the remaining Agents and the Noteholders.
AGENT MAY APPOINT SUCCESSOR. If any Agent gives notice of its resignation in accordance with Clause 11.1 and by the tenth day before the expiration of such notice a successor Agent has not been duly appointed, such Agent may itself, following such consultation with the Issuer as is practicable in the circumstances and with the prior written approval of the Trustee and the Issuer (provided such failure to appoint was not due to default by the Issuer), appoint as its successor Agent any reputable and experienced bank or financial institution and give notice of such appointment to the Issuer, the remaining Agents and the Noteholders whereupon the Issuer, the remaining Agents and such successor Agent shall acquire and become subject to the same rights and obligations between themselves as if they had entered into an agreement in the form, mutatis mutandis, of this Paying Agency Agreement.
AGENT MAY APPOINT SUCCESSOR. If any Agent gives notice of its resignation in accordance with Clause 13.1 (Resignation) and by the tenth day before the expiration of such notice a successor has not been duly appointed, such Agent may itself, following such consultation with the Issuer as is practicable in the circumstances and with the prior written approval of the Note Trustee, appoint as its successor any reputable and experienced bank or financial institution and give notice of such appointment to the Issuer, the remaining Agents and the Noteholders whereupon the Issuer, the remaining Agents and such successor agent shall acquire and become subject to the same rights and obligations between themselves as if they had entered into an agreement substantially in the form of this Paying Agency and Agent Bank Agreement.
AutoNDA by SimpleDocs
AGENT MAY APPOINT SUCCESSOR. If any Agent gives notice of its resignation in accordance with Clause 12.1 and by the tenth day before the expiration of such notice a Successor Agent has not been duly appointed, such Agent may itself, following such consultation with the Eighth Issuer as is practicable in the circumstances and with the prior written approval of the Eighth Issuer Security Trustee and the Eighth Issuer (Provided such failure to appoint was not due to default by the Eighth Issuer), appoint as its Successor Agent any reputable and experienced bank or financial institution and give notice of such appointment to the Eighth Issuer, the remaining Agents and the Noteholders.
Time is Money Join Law Insider Premium to draft better contracts faster.