Common use of Agreement Not to Resign Clause in Contracts

Agreement Not to Resign. Bowater acknowledges that the Agents, the LC Issuers and the Lenders have relied on Bowater's agreement to act as Servicer hereunder in their respective decisions to execute and deliver the respective Transaction Documents to which they are parties. In recognition of the foregoing, Bowater agrees not to resign as Servicer voluntarily, except as required by law (as evidenced by the delivery of an outside opinion of counsel to the Agents, in form and substance satisfactory to the Agents), without the prior written consent of each of the Agents.

Agreement Not to Resign. Bowater acknowledges that the Agents, the LC Issuers Agents and the Lenders have relied on Bowater's agreement to act as Servicer hereunder in their respective decisions to execute and deliver the respective Transaction Documents to which they are parties. In recognition of the foregoing, Bowater agrees not to resign as Servicer voluntarily, except as required by law (as evidenced by the delivery of an outside opinion of counsel to the Agents, in form and substance satisfactory to the Agents), without the prior written consent of each of the Agents.