Common use of Designation of Servicer Clause in Contracts

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. ABDC is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may at any time following the occurrence of an Amortization Event designate as Servicer any Person to succeed ABDC or any successor Servicer; provided that the Rating Agency Condition is satisfied.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Amerisourcebergen Corp), Receivables Purchase Agreement (Amerisourcebergen Corp), Receivables Purchase Agreement (Amerisourcebergen Corp)

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Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. ABDC Insight is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may Agent may, at any time following the occurrence and during the continuance of an Amortization Event or Potential Amortization Event, designate as Servicer any Person to succeed ABDC Insight or any successor Servicer; provided that the Rating Agency Condition is satisfied.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Insight Enterprises Inc), Receivables Purchase Agreement (Insight Enterprises Inc), Receivables Purchase Agreement (Insight Enterprises Inc)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. ABDC Convergys is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may at At any time following after the occurrence of an Amortization Event Event, the Agents and the Purchasers may at any time designate as Servicer any Person to succeed ABDC Convergys or any successor Servicer; provided that the Rating Agency Condition is satisfied.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Convergys Corp), Receivables Purchase Agreement (Convergys Corp), Receivables Purchase Agreement (Convergys Corp)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. ABDC Allied is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may Agent may, at any time following from and after the occurrence of an Amortization Event Event, designate as Servicer any Person to succeed ABDC Allied or any successor Servicer; Servicer provided that the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Credit and Security Agreement (Allied Waste Industries Inc), Credit and Security Agreement (Allied Waste Industries Inc)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the "Servicer") so designated from time to time in accordance with this Section 8.1. ABDC Allied is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may Agent may, at any time following from and after the occurrence of an Amortization Event Event, designate as Servicer any Person to succeed ABDC Allied or any successor Servicer; Servicer provided that the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Credit and Security Agreement (Allied Waste Industries Inc), Credit and Security Agreement (Allied Waste Industries Inc)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. ABDC is hereby designated as, and hereby hxxxxx agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may at any time following the occurrence of an Amortization Event designate as Servicer any Person to succeed ABDC or any successor Servicer; provided that the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Amerisourcebergen Corp), Receivables Purchase Agreement (Amerisourcebergen Corp)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”"SERVICER") so designated from time to time in accordance with this Section 8.1. ABDC Converting is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser After the occurrence of an Amortization Event, the Co-Agents may at any time following the occurrence of an Amortization Event designate as Servicer any Person to succeed ABDC Converting or any successor Servicer; provided that Servicer PROVIDED THAT the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Credit and Security Agreement (Rock-Tenn CO)

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Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. ABDC Converting is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser After the occurrence of an Amortization Event, the Co-Agents may at any time following the occurrence of an Amortization Event designate as Servicer any Person to succeed ABDC Converting or any successor Servicer; , provided that the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Credit Agreement (Rock-Tenn CO)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. ABDC ABL is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents Agent may at any time following the occurrence of an Amortization Event designate as Servicer any Person to succeed ABDC ABL or any successor Servicer; Servicer provided that the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Credit and Security Agreement (Acuity Brands Inc)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.16.1. ABDC AIL is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may may, at any time following the occurrence of an Amortization Event Event, designate as Servicer any Person to succeed ABDC AIL or any successor Servicer; provided that the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Torchmark Corp)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the "Servicer") so designated from time to time in accordance with this Section 8.1. ABDC Insight is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may Agent may, at any time following the occurrence and during the continuance of an Amortization Event or Potential Amortization Event, designate as Servicer any Person to succeed ABDC Insight or any successor Servicer; provided that the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Insight Enterprises Inc)

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