Common use of Appointment of Sellers’ Agent Clause in Contracts

Appointment of Sellers’ Agent. (a) Each French Seller hereby appoints the Sellers’ Agent as its lawful agent (mandataire) in order to do all such things that may be specifically delegated to it under this Agreement for and on behalf of such French Seller. (b) The Sellers’ Agent hereby accepts its appointment to act as lawful agent (mandataire) of each French Seller in respect of the foregoing tasks. (c) Subject to sub-paragraph (f) below, the appointment, duties and authority of the Sellers’ Agent shall be valid and effective as from the date of its appointment and remain in full force and effect until the termination of this Agreement. (d) The Sellers’ Agent shall have such rights, powers and authorities and discretions as are conferred on it by this Agreement, together with such rights, powers and discretions as are reasonably incidental thereto. (e) The performance of its obligations by the Sellers’ Agent shall release and discharge the relevant French Seller with respect to, and to the extent of, the obligations, duties and liabilities so performed by the Sellers’ Agent. (f) The Sellers’ Agent may be replaced by another member of the Group (a “Substitute Sellers’ Agent”) upon written request sent by all French Sellers to the Factor subject to 30 days’ prior written notice and provided that such Substitute Sellers’ Agent has accepted in writing to perform all obligations of the Sellers’ Agent hereunder. (g) The Sellers’ Agent shall not be liable to any person for any breach by any French Seller of this Agreement (or any other document) or be liable to any French Seller for any breach by any other person of this Agreement or any other document. (h) The Sellers’ Agent shall not be remunerated.