Common use of Non-Distribution of Servicer's Fee Clause in Contracts

Non-Distribution of Servicer's Fee. Each of the Agents and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Collections equal to the Servicer’s Fee so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) of a higher priority as specified in such Section.

Appears in 4 contracts

Samples: Credit and Security Agreement (International Paper Co /New/), Credit and Security Agreement (International Paper Co /New/), Credit and Security Agreement (International Paper Co /New/)

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Non-Distribution of Servicer's Fee. Each of the Agents and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Collections equal to the Servicer’s Fee (and, if applicable, any invoiced expenses of such Servicer that are due and owing pursuant to Section 8.1(d)) so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) 3.2 of a higher priority as specified in such Section.

Appears in 4 contracts

Samples: Credit and Security Agreement (Quest Diagnostics Inc), Credit and Security Agreement (Quest Diagnostics Inc), Credit and Security Agreement (Quest Diagnostics Inc)

Non-Distribution of Servicer's Fee. Each of the Agents and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Collections equal to the Servicer’s 's Fee (and, if applicable, any invoiced expenses of such Servicer that are due and owing pursuant to Section 8.1(d)) so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) 3.2 of a higher priority as specified in such Section.

Appears in 3 contracts

Samples: Credit and Security Agreement (Quest Diagnostics Inc), Credit and Security Agreement (Quest Diagnostics Inc), Credit and Security Agreement (Quest Diagnostics Inc)

Non-Distribution of Servicer's Fee. Each of the Agents Agent and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Percentage Share of the Collections equal to the Servicer’s Fee (and, if applicable, any invoiced expenses of such Servicer that are due and owing pursuant to Section 8.1(d)) so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) 3.2 of a higher priority as specified in such Section.

Appears in 2 contracts

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

Non-Distribution of Servicer's Fee. Each of the Co-Agents and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Collections equal to the Servicer’s 's Fee (and, if applicable, any invoiced expenses of such Servicer that are due and owing pursuant to Section 8.1(d)) so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d3.2(e) of a higher priority as specified in such Section.

Appears in 1 contract

Samples: Credit and Security Agreement (Lanier Worldwide Inc)

Non-Distribution of Servicer's Fee. Each of the Agents Administrative Agent and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Collections equal to the Servicer’s 's Fee (and, if applicable, any invoiced expenses of such Servicer that are due and owing pursuant to Section 8.1(d)) so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) 3.2 of a higher priority as specified in such Section.

Appears in 1 contract

Samples: Credit and Security Agreement (Quest Diagnostics Inc)

Non-Distribution of Servicer's Fee. Each of the Agents and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Collections equal to the Servicer’s 's Fee so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) of a higher priority as specified in such Section.

Appears in 1 contract

Samples: Credit and Security Agreement (International Paper Co /New/)

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Non-Distribution of Servicer's Fee. Each of the Agents Agent and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Percentage Share of the Collections equal to the Servicer’s 's Fee (and, if applicable, any invoiced expenses of such Servicer that are due and owing pursuant to Section 8.1(d)) so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) 3.2 of a higher priority as specified in such Section.

Appears in 1 contract

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

Non-Distribution of Servicer's Fee. Each of the Agents Agent and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Collections equal to the Servicer’s 's Fee (and, if applicable, any invoiced expenses of such Servicer that are due and owing pursuant to Section 8.1(d)) so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) 3.2 of a higher priority as specified in such Section.

Appears in 1 contract

Samples: Credit and Security Agreement (Precision Castparts Corp)

Non-Distribution of Servicer's Fee. Each of the Agents and the other Secured Parties hereby consents to the retention by the Servicer of a portion of the Collections equal to the Servicer’s 's Fee (and, if applicable, any invoiced expenses of such Servicer that are due and owing pursuant to SECTION 8.1(d)) so long as the Collections received by the Servicer are sufficient to pay all amounts pursuant to Section 3.2(d) SECTION 3.2 of a higher priority as specified in such Section.

Appears in 1 contract

Samples: Credit and Security Agreement (Interim Services Inc)

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