Common use of Successor Administrative Agents Clause in Contracts

Successor Administrative Agents. The Administrative Agent may resign at any time by giving notice thereof to the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall have the right to appoint a successor for such resigning Administrative Agent. If no successor

Appears in 1 contract

Samples: Credit Agreement (Lyondell Chemical Co)

AutoNDA by SimpleDocs

Successor Administrative Agents. The Administrative Agent may resign at any time by giving as Administrative Agent upon 30 days' notice thereof to the Lenders and the Borrower. Upon any such resignationIf the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Required Lenders shall have appoint from among the right to appoint Lenders a successor agent for such resigning Administrative Agent. If no successorthe Lenders, which successor agent shall (unless an Event of Default under Section 8(a) or Section 8(f) with respect to the

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

Successor Administrative Agents. The Administrative Agent may resign at any time by giving as Administrative Agent upon 30 days’ notice thereof to the Lenders and the Borrower. Upon any such resignationIf the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Required Lenders shall have appoint from among the right to appoint Lenders a successor agent for such resigning Administrative Agent. If no successorthe Lenders, which successor agent shall (unless an Event of Default under Section 8(a)

Appears in 1 contract

Samples: Credit Agreement (Forrester Research, Inc.)

AutoNDA by SimpleDocs

Successor Administrative Agents. The Administrative Agent may resign at any time by giving notice thereof to the Lenders and the Borrower. Upon any such resignation, the Required Lenders Borrower shall, so long as no Default shall have occurred and be continuing, have the right right, with the consent of the Required Lenders, to appoint any of the Lenders as a successor for such resigning Administrative Agent. If no successorAdministrative

Appears in 1 contract

Samples: Credit Agreement (Martin Marietta Materials Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.