Common use of Replacement of a Defaulting Lender Clause in Contracts

Replacement of a Defaulting Lender. The Parent may, at any time a Lender has become and continues to be a Defaulting Lender, by giving 20 Business Days’ prior written notice to the Agent and such Lender:-

Appears in 1 contract

Sources: Multicurrency Facility Agreement (Gulfmark Offshore Inc)

Replacement of a Defaulting Lender. The Parent may, at any time a Lender has become and continues to be a Defaulting Lender, by giving 20 ten Business Days’ prior written notice to the Agent and such Lender:-Lender:

Appears in 1 contract

Sources: Super Senior Revolving Facility Agreement (Orion Engineered Carbons S.a r.l.)

Replacement of a Defaulting Lender. The Parent may, at any time a Lender has become and continues to be a Defaulting Lender, by giving 20 five (5) Business Days’ prior written notice to the Agent and such Lender:-Lender:

Appears in 1 contract

Sources: Bridge Facility Agreement (Gold Fields LTD)