Common use of Alternatively the Agent Clause in Contracts

Alternatively the Agent. or Security Trustee may resign by giving notice to the other Finance Parties and the Company, in which case the Majority Banks (after consultation with the Company) may appoint a successor Agent or Security Trustee.

Appears in 3 contracts

Sources: Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC), Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC), Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC)

Alternatively the Agent. or and the Security Trustee Agent may resign by giving notice to the other Finance Parties and the Company, in which case the Majority Banks Lenders (after consultation with the Company) may appoint a successor Agent or the Security TrusteeAgent, as the case may be.

Appears in 1 contract

Sources: Facilities Agreement (Central European Distribution Corp)