Example ContractsClausesdeemed resignationVariants
Deemed Resignation
Deemed Resignation contract clause examples

Any resignation by [[Administrative Agent:Organization]] as Administrative Agent pursuant to this Section shall also constitute its resignation as an Issuing [[Organization A:Organization]]. If Bank

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Any resignation by [[Administrative Agent:Organization]] as Administrative Agent pursuant to the immediately preceding paragraph of this Section 8.01 shall also constitute its resignation as an Issuing Bank, unless it remains a Lender; provided that, if [[Administrative Agent:Organization]] does not remain a Lender # such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of [[Administrative Agent:Organization]] as retiring Issuing Bank and # 48054934.2

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