Common use of Appointment of Collection Agent Clause in Contracts

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "Collection Agent") designated to so act on behalf of the Purchasers under this Article III. As the Initial Collection Agent, the Parent is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent acknowledges that the Agent, each Purchaser Agent, and each Purchaser have relied on the Initial Collection Agent's agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection agent to voluntarily resign as a sub-collection agent. At any time after the occurrence and during the continuance of a Termination Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent (or any successor Collection Agent).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "Collection Agent") designated to so act on behalf of the Purchasers under this Article III. As the Initial Collection Agent, the Parent is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent acknowledges that the Agent, each Purchaser Agent, Agent and each Purchaser have relied on the Initial Collection Agent's agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection agent to voluntarily resign as a sub-collection agent. At any time after the occurrence and during the continuance of a Termination Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent (or any successor Collection Agent).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "“Collection Agent"”) designated to so act on behalf of the Purchasers Purchaser and, to the extent of any retained interest of the Seller, the Seller, under this Article III. As the Initial Collection Agent, the Parent Originator is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent Originator acknowledges that the Agent, each Purchaser Agent, Agent and each the Purchaser have relied on the Initial Collection Agent's Originator’s agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection agent unless it is not permitted by applicable law to voluntarily resign as a sub-collection agentcontinue. At any time after the occurrence and during the continuance of a Termination Collection Agent Replacement Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent Originator (or any successor Collection Agent) (any such designation, a “Collection Agent Termination”).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "“Collection Agent"”) designated to so act on behalf of the Purchasers and the LC Issuer under this Article III. As the Initial Collection Agent, the Parent is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent Parent acknowledges that the Agent, each Purchaser Agent, the LC Issuer and each Purchaser have relied on the Initial Collection Agent's Parent’s agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection agent unless the Collection Agent is prohibited from continuing to voluntarily resign as a sub-collection agentserve in such capacity by applicable law. At any time after the occurrence and during the continuance of a Termination Collection Agent Replacement Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent Parent (or any successor Collection Agent).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "“Collection Agent"”) designated to so act on behalf of the Purchasers under this Article III. As the Initial Collection Agent, the Parent Ametek, Inc. is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent Ametek, Inc. acknowledges that the Agent, each Purchaser Agent, Agent and each Purchaser have relied on the Initial Collection Agent's Ametek, Inc.’s agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not not, without the written consent of the Agent, voluntarily resign as Collection Agent nor permit any sub-collection agent to voluntarily resign as a sub-collection agent. At any time after the occurrence and during the continuance of a Termination Collection Agent Replacement Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent Ametek, Inc. (or any successor Collection Agent).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "“Collection Agent"”) designated to so act on behalf of the Purchasers under this Article III. As the Initial Collection Agent, the Parent Originator is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent acknowledges that the Agent, each Purchaser Agent, Agent and each Purchaser have relied on the Initial Collection Agent's ’s agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection agent to voluntarily resign as a sub-collection agent. At any time after the occurrence and during the continuance of a Termination Collection Agent Replacement Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent Originator (or any successor Collection Agent).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "Collection Agent") designated to so act on behalf of the Purchasers under this Article III. As the Initial Collection Agent, the Parent Originator is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent Originator acknowledges that the Agent, each Purchaser Agent, Agent and each Purchaser have relied on the Initial Collection AgentOriginator's agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection agent to voluntarily resign as a sub-collection agent. At any time after the occurrence and during the continuance of a Termination Collection Agent Replacement Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent Originator (or any successor Collection Agent).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "Collection AgentCOLLECTION AGENT") designated to so act on behalf of the Purchasers under this Article III. As the Initial Collection Agent, the Parent Originator is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent Originator acknowledges that the Agent, each Purchaser Agent, Agent and each Purchaser have relied on the Initial Collection AgentOriginator's agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection agent to voluntarily resign as a sub-collection agent. At any time after the occurrence and during the continuance of a Termination Collection Agent Replacement Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent Originator (or any successor Collection Agent).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "Collection Agent") designated to so act on behalf of the Purchasers Lenders under this Article III. As the Initial Collection Agent, the Parent is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent acknowledges that the Agent, each Purchaser Agent, Lender Agent and each Purchaser Lender have relied on the Initial Collection Agent's agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection Originator agent to voluntarily resign as a sub-collection agent. At any time after the occurrence and during the continuance of a Termination Collection Agent Replacement Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent Parent (or any successor Collection Agent).

Appointment of Collection Agent. (a) The servicing, administering and collecting of the Receivables shall be conducted by a Person (the "Collection Agent") designated to so act on behalf of the Purchasers under this Article III. As the Initial Collection Agent, the Parent is hereby designated as, and agrees to perform the duties and obligations of, the Collection Agent. The Initial Collection Agent acknowledges that the Agent, each Purchaser Agent, Agent and each Purchaser have relied on the Initial Collection Agent's agreement to act as Collection Agent (and the agreement of any of the sub-collection agents to so act) in making the decision to execute and deliver this Agreement and agrees that it will not voluntarily resign as Collection Agent nor permit any sub-collection agent to voluntarily resign as a sub-collection agent. At any time after the occurrence and during the continuance of a Termination Collection Agent Replacement Event, the Agent may designate a new Collection Agent to succeed the Initial Collection Agent Parent (or any successor Collection Agent).