Actions by Purchasers’ Agent Sample Clauses

Actions by Purchasers’ Agent. In the case of the pendency of any proceeding under any bankruptcy, reorganization, or other insolvency, or other judicial proceeding relative to Tech Data or any other Company or Obligor, or any action to collect or enforce any Receivables or related Purchased Assets, Purchasers’ Agent (i) shall be entitled and empowered to collect and receive any monies or other property payable or deliverable on any claims of Purchasers or Purchasers’ Agent arising under this Agreement or any related document or instrument, and distribute the same to Purchasers, (ii) to file and prove a claim for any amounts due and unpaid under this Agreement or otherwise in respect of the Receivables, and to file such other documents as may be necessary or advisable in order to have the claims of Purchasers and Purchasers’ Agent (including any claim for reasonable compensation, expenses, disbursements, and advances of Purchasers and Purchasers’ Agent) allowed in such proceeding, and any custodian, receiver, assignee, trustee, or other similar official in any such proceeding is hereby authorized by each Purchaser to make such payments to Purchasers’ Agent and, in the event Purchasers’ Agent shall consent to the making of such payments directly to Purchasers, to pay Purchasers’ Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Purchasers’ Agent and its agents and counsel, and any other amounts due Purchasers’ Agent under this Agreement.