Common use of Resignation of a Borrower Clause in Contracts

Resignation of a Borrower. The Company may request that a Borrower (other than the Company) in respect of which no Advance is outstanding hereunder (including any other amounts in relation thereto) ceases to be a Borrower by entering into a supplemental agreement to this Agreement in such form as the Facility Agent may reasonably require which shall discharge that Borrower’s obligations hereunder.

Appears in 3 contracts

Samples: Syndicated Revolving Credit Agreement (Ibasis Inc), Credit Agreement (Koninklijke KPN N V), Agreement (Koninklijke KPN N V)

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Resignation of a Borrower. The Company may request that a Borrower (other than the Company) in respect of which no Advance is outstanding hereunder (including any other amounts in relation thereto) ceases to be a Borrower by entering into a supplemental agreement to this Agreement in such form as the Facility Agent may reasonably require which shall discharge that Borrower’s 's obligations hereunder.

Appears in 3 contracts

Samples: Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Credit Agreement (Koninklijke KPN N V), Credit Agreement (Koninklijke KPN N V)

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