Common use of Resignation Effective Date Clause in Contracts

Resignation Effective Date. Each of the Borrower and the Requisite Lenders acknowledges and agrees that the effective date of resignation of the Resigning Agent shall be the Effective Date for all purposes under the Credit Agreement and the other Loan Documents.

Appears in 2 contracts

Sources: Agency Resignation, Appointment, Acceptance and Waiver Agreement (Pennsylvania Real Estate Investment Trust), Agency Resignation, Appointment, Acceptance and Waiver Agreement (Pennsylvania Real Estate Investment Trust)