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MRVL » Topics » 18.14 Retirement

This excerpt taken from the MRVL 8-K filed Nov 14, 2006.

18.14                 Retirement

Any Administrative Agent hereof may, subject to Clause 18.15, retire at any time on giving not less than 30 days’ prior written notice thereof to the Chargor and each of the Lenders without assigning any reason and without being responsible for any costs occasioned by such retirement. The Chargor undertakes that, in the event of the Administrative Agent giving notice under this Clause, it shall as soon as possible procure a new trustee to be appointed.

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