Common use of Acceptance and Appointment by Successor Clause in Contracts

Acceptance and Appointment by Successor. Each successor Collateral Administrator appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral Manager, the Administrative Agent, the Lenders and the retiring Collateral Administrator an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator shall become effective and such successor Collateral Administrator, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral Administrator; but, on request of the Borrower, the Collateral Manager, the Administrative Agent or the successor Collateral Administrator, such retiring Collateral Administrator shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator all the rights, powers and trusts of the retiring Collateral Administrator and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator hereunder. Upon request of any such successor Collateral Administrator, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator all such rights, powers and trusts.

Acceptance and Appointment by Successor. Each successor Collateral Administrator Xxxxxxxxx appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral Manager, the Administrative Agent, the Lenders and the retiring Collateral Administrator Custodian an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator Custodian shall become effective and such successor Collateral AdministratorCustodian, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral AdministratorCustodian; but, on request of the Borrower, the Collateral Manager, the Administrative Agent or the successor Collateral AdministratorCustodian, such retiring Collateral Administrator Custodian shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator Custodian all the rights, powers and trusts of the retiring Collateral Administrator Custodian and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator Custodian hereunder. Upon request of any such successor Collateral AdministratorCustodian, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator Custodian all such rights, powers and trusts.

Acceptance and Appointment by Successor. Each successor Collateral Administrator Custodian appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral Manager, the Administrative Agent, the Lenders and the retiring Collateral Administrator Custodian an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator Custodian shall become effective and such successor Collateral AdministratorCustodian, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral AdministratorCustodian; but, on request of the Borrower, the Collateral Manager, the Administrative Agent or the successor Collateral AdministratorCustodian, such retiring Collateral Administrator Custodian shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator Custodian all the rights, powers and trusts of the retiring Collateral Administrator Custodian and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator Custodian hereunder. Upon request of any such successor Collateral AdministratorCustodian, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator Custodian all such rights, powers and trusts.

Acceptance and Appointment by Successor. Each successor Collateral Administrator appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral Manager, the Administrative Agent, the Lenders and the retiring Collateral Administrator an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator shall become effective and such successor Collateral Administrator, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral Administrator; but, on request of the Borrower, the Collateral Manager, the Administrative Agent or the successor Collateral Administrator, such retiring Collateral Administrator shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator all the rights, rights and powers and trusts of the retiring Collateral Administrator and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator hereunder. Upon request of any such successor Collateral Administrator, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator all such rights, powers rights and trustspowers.

Acceptance and Appointment by Successor. Each successor Collateral Administrator Document Xxxxxxxxx appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral Manager, the Administrative Agent, the Lenders and the retiring Collateral Administrator Document Custodian an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator Document Custodian shall become effective and such successor Collateral AdministratorDocument Custodian, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral AdministratorDocument Custodian; but, on request of the Borrower, the Collateral Manager, the Administrative Agent or the successor Collateral AdministratorDocument Custodian, such retiring Collateral Administrator Document Custodian shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator Document Custodian all the rights, rights and powers and trusts of the retiring Collateral Administrator Document Custodian and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator Document Custodian hereunder. Upon request of any such successor Collateral AdministratorDocument Custodian, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator Document Custodian all such rights, powers rights and trustspowers.

Acceptance and Appointment by Successor. Each successor Collateral Administrator Securities Intermediary appointed hereunder shall execute, acknowledge and deliver to the BorrowerPledgor, the Collateral Manager, the Administrative Agent, the Lenders and the retiring Collateral Administrator Securities Intermediary an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator Securities Intermediary shall become effective and such successor Collateral AdministratorSecurities Intermediary, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral AdministratorSecurities Intermediary; but, on request of the BorrowerPledgor, the Collateral Manager, the Administrative Agent or the successor Collateral AdministratorSecurities Intermediary, such retiring Collateral Administrator Securities Intermediary shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator Securities Intermediary all the rights, powers and trusts of the retiring Collateral Administrator Securities Intermediary and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator Securities Intermediary hereunder. Upon request of any such successor Collateral AdministratorSecurities Intermediary, the Borrower Pledgor shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator Securities Intermediary all such rights, powers and trusts.

Acceptance and Appointment by Successor. Each successor Collateral Administrator appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Lenders and the retiring Collateral Administrator an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator shall become effective and such successor Collateral Administrator, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral Administrator; but, on request of the Borrower, the Collateral ManagerServicer, the Administrative Agent or the successor Collateral Administrator, such retiring Collateral Administrator shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator all the rights, powers and trusts of the retiring Collateral Administrator and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator hereunder. Upon request of any such successor Collateral Administrator, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator all such rights, powers and trusts.

Acceptance and Appointment by Successor. Each successor Collateral Administrator Document Xxxxxxxxx appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Lenders and the retiring Collateral Administrator Document Custodian an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator Document Custodian shall become effective and such successor Collateral AdministratorDocument Custodian, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral AdministratorDocument Custodian; but, on request of the Borrower, the Collateral ManagerServicer, the Administrative Agent or the successor Collateral AdministratorDocument Custodian, such retiring Collateral Administrator Document Custodian shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator Document Custodian all the rights, rights and powers and trusts of the retiring Collateral Administrator Document Custodian and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator Document Custodian hereunder. Upon request of any such successor Collateral AdministratorDocument Custodian, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator Document Custodian all such rights, powers rights and trustspowers.

Acceptance and Appointment by Successor. Each successor Collateral Administrator appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Lenders and the retiring Collateral Administrator an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator shall become effective and such successor Collateral Administrator, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral Administrator; but, on request of the Borrower, the Collateral ManagerServicer, the Administrative Agent or the successor Collateral Administrator, such retiring Collateral Administrator shall shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator all the rights, rights and powers and trusts of the retiring Collateral Administrator and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator hereunder. Upon request of any such successor Collateral Administrator, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator all such rights, powers rights and trustspowers.

Acceptance and Appointment by Successor. Each successor Collateral Administrator Custodian appointed hereunder shall execute, acknowledge and deliver to the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Lenders and the retiring Collateral Administrator Custodian an instrument accepting such appointment. Upon delivery of the required instruments, the resignation or removal of the retiring Collateral Administrator Custodian shall become effective and such successor Collateral AdministratorCustodian, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of the retiring Collateral AdministratorCustodian; but, on request of the Borrower, the Collateral ManagerServicer, the Administrative Agent or the successor Collateral AdministratorCustodian, such retiring Collateral Administrator Custodian shall (i) execute and deliver an instrument transferring to such successor Collateral Administrator Custodian all the rights, powers and trusts of the retiring Collateral Administrator Custodian and (ii) execute and deliver such further documents and instruments and take such further action as may be reasonably requested in order to effect the transfer of the rights, powers, duties and obligations of the Collateral Administrator Custodian hereunder. Upon request of any such successor Collateral AdministratorCustodian, the Borrower shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Collateral Administrator Custodian all such rights, powers and trusts.