Change of Issuing Bank. The Issuing Bank may (with the consent of the Facility Agent) resign on giving 3 months notice to the Company and the Facility Agent, and the Facility Agent may with the consent of the Lender concerned, and after consultation with the Company, designate any Lender as a replacement Issuing Bank for future Documentary Credits. Any such resignation shall not extend to or affect Documentary Credits issued prior to such resignation.
Appears in 3 contracts
Sources: Senior Credit Facility (Smurfit Kappa Funding PLC), Senior Credit Facility Agreement (JSG Funding PLC), Senior Credit Facility (Smurfit Kappa Acquisitions)