Common use of Duties of Collection Agent Clause in Contracts

Duties of Collection Agent. (a) The Collection Agent 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. The Seller, the Administrative Agent and the Purchaser Agents hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.01, as agent for themselves and for the Investors and the Banks to enforce their respective rights and interests in the Pool Receivables and the Related Security. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors and the Banks.

Appears in 9 contracts

Samples: Purchase and Contribution Agreement (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc)

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Duties of Collection Agent. (a) The Collection Agent 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. The Seller, the Administrative Agent Seller and the Purchaser Agents Agent hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.016.01, as agent for themselves and for the Investors and the Banks to enforce their respective rights and interests in the Pool Receivables Receivables, the Related Security and the Related Securityrelated Contracts. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors and the Banks.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Ferro Corp), Receivables Purchase Agreement (Ferro Corp), Receivables Purchase Agreement (Personal Care Holdings Inc)

Duties of Collection Agent. (a) The Collection Agent 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. The Seller, Transferor and the Administrative Agent and the Purchaser Agents hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.01, as agent for themselves and for the Investors and the Banks Transferees to enforce their respective rights and interests in the Pool Receivables Receivables, the Related Security and the Related Securityrelated Contracts. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors Transferor and the BanksTransferees.

Appears in 3 contracts

Samples: Receivables Transfer Agreement (Ios Capital Inc), Receivables Transfer Agreement (Ikon Office Solutions Inc), Receivables Transfer Agreement (Ios Capital Inc)

Duties of Collection Agent. (a) The Collection Agent 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. The Seller, the Administrative Agent Seller and the Purchaser Agents Agent hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.016.01, as agent for themselves and for the Investors and the Banks to enforce their respective rights and interests in the Pool Receivables Receivables, the Related Security and the Related SecurityCollections with respect thereto. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors and the Banks.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Electronic Data Systems Corp /De/), Receivables Purchase Agreement (Dal Tile International Inc)

Duties of Collection Agent. (a) The Collection Agent shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable Purchased Asset from time to time, all in accordance in all material respects with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy. The Seller, the Administrative Agent and the Purchaser Agents hereby appoint appoints the Collection Agent, from time to time designated pursuant to Section 4.016.01, as agent for themselves to enforce its ownership and for other rights in the Investors Purchased Assets, the Related Security and the Banks to enforce their respective rights and interests in the Pool Receivables and the Related SecurityCollections with respect thereto. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables the Purchased Assets and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors and the Banksits assignees.

Appears in 2 contracts

Samples: Secondary Purchase Agreement (Rite Aid Corp), Tertiary Purchase Agreement (Rite Aid Corp)

Duties of Collection Agent. (a) The Collection Agent 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. The Seller, the Administrative Agent Seller and the Purchaser Agents Agent for the ratable benefit of the Investors and the Banks hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.01, as agent for themselves and for the Investors and the Banks to enforce their respective rights and interests in the Pool Receivables and the Related Security. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors and the Banks.

Appears in 1 contract

Samples: Receivables Purchase Agreement (United Rentals North America Inc)

Duties of Collection Agent. (a) The Collection Agent 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 applicable Credit and Collection Policy. The Seller, the Administrative Agent Seller and the Purchaser Agents Agent hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.016.01, as agent for themselves and for the Investors and the Banks to enforce their respective rights and interests in the Pool Receivables Receivables, the Related Security and the Related Securityrelated Contracts. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors and the Banks.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Centex Construction Products Inc)

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Duties of Collection Agent. (a) The Collection Agent shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable Purchased Asset from time to time, all in accordance in all material respects with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy. The Seller, the Administrative Agent and the Purchaser Agents hereby appoint appoints the Collection Agent, from time to time designated pursuant to Section 4.016.01, as agent for themselves to enforce its ownership and for other rights in the Investors Purchased Assets, the Related Security and the Banks to enforce their respective rights and interests in the Pool Receivables and the Related SecurityCollections with respect thereto. In performing its duties as Collection Agent, the Collection Agent (if other than the Purchaser) shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables the Purchased Assets and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors and the Banksits assignees.

Appears in 1 contract

Samples: Originator Purchase Agreement (Rite Aid Corp)

Duties of Collection Agent. (a) The Collection Agent 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. The Seller, the Administrative Program Agent and the Purchaser Investor Agents hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.016.01, as agent for themselves and for the Investors and the Banks to enforce their respective rights and interests in the Pool Receivables Receivables, the Related Security and the Related SecurityCollections with respect thereto. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser AgentInvestors, the Investors Banks, the Investor Agents and the BanksProgram Agent.

Appears in 1 contract

Samples: Receivable Interest Purchase Agreement (Ingersoll Rand Co LTD)

Duties of Collection Agent. (a) The Collection Agent 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. The Seller, the Administrative Agent Seller and the Purchaser Agents Agent hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.016.01, as agent for themselves and for the Investors and the Banks to enforce their respective rights and interests in the Pool Receivables Receivables, the Related Security and the Related Securityrelated Contracts. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors Seller and the BanksInvestors.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ferro Corp)

Duties of Collection Agent. (a) The Collection Agent shall take or cause to be taken all such actions as may be reasonably 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. The Seller, the Administrative Agent Seller and the Purchaser Agents Agent hereby appoint the Collection Agent, from time to time designated pursuant to Section 4.016.01, as agent for themselves and for the Investors and the Banks to enforce their respective rights and interests in the Pool Receivables Receivables, the Related Security and the Related Securityrelated Contracts. In performing its duties as Collection Agent, the Collection Agent shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Receivables and shall act in a manner consistent with the Credit and Collection Policy and in the best interests of the Seller, the Administrative Agent, each Purchaser Agent, the Investors and the Banks.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ck Witco Corp)

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