Examples of Resigning Administrative Agent in a sentence
If no Replacement Administrative Agent shall have been so appointed by the Company (or, if applicable, the Required Lenders) and shall have accepted such appointment within 30 days after the Resigning Administrative Agent gives notice of its resignation, then the Resigning Administrative Agent may (but shall not be obligated to), on behalf of the Lenders, appoint the Replacement Administrative Agent which shall be a bank with an office in New York, or an Affiliate of any such bank.
References in this Amendment to the “Administrative Agent” mean, for all periods prior to the Effective Date and on the effectiveness of this Amendment, the Resigning Administrative Agent, and from and after the effectiveness of this Amendment, the Successor Administrative Agent.
Upon the acceptance of its appointment as an Administrative Agent hereunder by the Replacement Administrative Agent, the Replacement Administrative Agent shall succeed to and become vested with all the rights, powers, privileges and duties of the Resigning Administrative Agent, and the Resigning Administrative Agent shall be discharged from its duties and obligations hereunder.
To the extent not previously delivered to Resigning Administrative Agent, counterparts to the Subsidiary Guaranty, the Security Agreement, and the Environmental Indemnity Agreement, in the forms attached to such Loan Documents, duly executed and delivered by each Subsidiary that has become a Restricted Subsidiary after the Closing Date.
Resigning Administrative Agent and successor Administrative Agent shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys' fees and expenses) incurred by resigning Administrative Agent and successor Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and the other documents in connection herewith.
Administrative Agent shall have received Schedule 6.10 to the Credit Agreement, updated to contain all information required by Section 6.10 of the Credit Agreement to have been delivered by Borrower to Resigning Administrative Agent since the Closing Date.
After the Resigning Administrative Agent’s resignation hereunder, the provisions of this Article and Section 10.03 shall continue in effect for the benefit of the Resigning Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as an Administrative Agent.
The fees payable by the Company to the Replacement Administrative Agent shall be the same as those payable to the Resigning Administrative Agent unless otherwise agreed between the Company and the Replacement Administrative Agent.
If within 30 days after the Resigning Administrative Agent gives notice of its resignation, neither the Borrower (nor, if applicable, the Required Lenders) nor the Administrative Agent have appointed a Replacement Administrative Agent, the Required Lenders shall be deemed to have succeeded to and become vested with all the rights, powers, privileges and duties of the Resigning Administrative Agent and the Resigning Administrative Agent shall be discharged from its duties and obligations hereunder.
The Resigning Administrative Agent hereby resigns as Administrative Agent under the Credit Agreement and each of the other Credit Documents.