Common use of Appointment; Duties in General Clause in Contracts

Appointment; Duties in General. Each of the Seller, the Purchaser and the Administrative Agent hereby appoints as its agent the Master Servicer, as from time to time designated pursuant to SECTION 8.1, to enforce its rights and interests in and under the Pool Receivables, the Related Security and the related Contracts. The Master Servicer shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

AutoNDA by SimpleDocs

Appointment; Duties in General. Each of the Seller, the Purchaser and the Administrative Agent Administrator hereby appoints as its agent the Master Servicer, as from time to time designated pursuant to SECTION Section 8.1, to enforce its rights and interests in and under the Pool Receivables, Receivables and the Related Security and the related ContractsSecurity. The Master Servicer shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lifestyle Furnishings International LTD)

Appointment; Duties in General. Each of the Seller, the Purchaser and the Administrative Agent Administrator hereby appoints as its agent the Master Servicer, as from time to time designated pursuant to SECTION 8.18.01, to enforce its rights and interests in and under the Pool Receivables, the Related Security and the related Contracts. The Master Servicer shall 42 take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Standard Products Co)

AutoNDA by SimpleDocs

Appointment; Duties in General. Each of the Seller, the Purchaser and the Administrative Agent hereby appoints as its agent the Master Servicer, as from time to time designated pursuant to SECTION Section 8.1, to enforce its rights and interests in and under the Pool Receivables, the Related Security and the related Contracts. The Master Servicer shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!