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 6.1. The Seller is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate the Seller as Servicer on notice given by the Agent to the Seller and may designate as Servicer any Person to succeed the Seller or any successor Servicer.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Metals Usa Inc), Receivables Purchase Agreement (Metals Usa Inc), Receivables Purchase Agreement (Bindley Western Industries Inc)

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Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the "ServicerSERVICER") so designated from time to time in accordance with this Section SECTION 6.1. The Seller is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate the Seller as Servicer on notice given by the Agent to the Seller and may designate as Servicer any Person to succeed the Seller or any successor Servicer.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (JPF Acquisition Corp), Receivables Purchase Agreement (Yellow 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 6.18.1. The Seller Consumers is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Administrative Agent may at any time in its sole discretion terminate the Seller as Servicer on notice given by the Agent to the Seller and may designate as Servicer any Person to succeed the Seller Consumers or any successor Servicer.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (CMS Energy Corp), Receivables Purchase Agreement (CMS Energy 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 6.18.1. The Seller is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may may, at any time in its sole discretion terminate the Seller as Servicer on notice given by the Agent to the Seller and may following an Amortization Event, designate as Servicer any Person to succeed the Seller or any successor Servicer.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Johnson Polymer Inc)

Designation of Servicer. (aA) The servicing, processing, administration and collection of the Accounts and Receivables shall be conducted by such Person (the "Servicer") so Servicer designated from time to time in accordance with this Section 6.1Article 2. The Provided a Service Transfer Event has not occurred, Seller is hereby designated as, and hereby agrees to perform (or caused to be performed) the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate the Seller as Servicer on notice given by the Agent to the Seller and may designate as Servicer any Person to succeed the Seller or any successor Servicerhereof.

Appears in 1 contract

Samples: Interim Servicing Agreement (Abc Bancorp)

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 6.1. The Seller is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Administrative Agent may may, and at the direction of the Required Investors shall, at any time in its sole discretion terminate following the Seller as occurrence of a Servicer on notice given by the Agent to the Seller and may Default, designate as Servicer any Person to succeed the Seller or any successor Servicer.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Donnelly 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 6.18.1. The Seller Distributors is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate after the Seller as Servicer on notice given by occurrence and during the Agent to the Seller and may continuance of a Potential Amortization Event designate as Servicer any Person to succeed the Seller Distributors or any successor Servicer.

Appears in 1 contract

Samples: Receivables Purchase Agreement (SCP Pool Corp)

Designation of Servicer. (a) SELLER AS INITIAL SERVICER. The servicing, administration administering and collection of the Receivables shall be conducted by such the Person (the "Servicer") so designated as Servicer hereunder from time to time in accordance with this Section 6.18.1. The Until the Agent gives to Seller a Successor Notice (as defined in Section 8.1(b)), Seller is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate the Seller as Servicer on notice given by the Agent to the Seller and may designate as Servicer any Person to succeed the Seller or any successor Servicerhereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Packaging Corp of America)

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Designation of Servicer. (a) The servicing, ----------------------- administration and collection of the Receivables shall be conducted by such Person (the "ServicerSERVICER") so designated from time to time in accordance with this Section 6.1. The Seller is hereby designated as, and hereby agrees to perform ----------- the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate the Seller as following a Servicer on notice given by the Agent to the Seller and may Default designate as Servicer any Person to succeed the Seller or any successor Servicer.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Kohls Corporation)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the "ServicerSERVICER") so designated from time to time in accordance with this Section 6.18.1. The Seller Parent is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate following the Seller as occurrence of a Servicer on notice given by the Agent to the Seller and may Default designate as Servicer any Person to succeed the Seller Parent or any successor ServicerServicer PROVIDED THAT the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lafarge Corp)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the "ServicerSERVICER") so designated from time to time in accordance with this Section SECTION 6.1. The Seller is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate the Seller as following a Servicer on notice given by the Agent to the Seller and may Default designate as Servicer any Person to succeed the Seller or any successor Servicer.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Printpack 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 6.18.1. The Seller MetEd is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate may, upon the Seller as Servicer on notice given by occurrence and during the Agent to the Seller and may continuance of an Amortization Event or during a Daily Reporting Period, designate as Servicer any Person to succeed the Seller MetEd or any successor Servicer.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Pennsylvania Power Co)

Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the "ServicerSERVICER") so designated from time to time in accordance with this Section 6.1. The Seller is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate the Seller as Servicer on notice given by the Agent to the Seller and may designate as Servicer any Person to succeed the Seller or any successor Servicer.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Yellow Corp)

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