Common use of Removal and Replacement; Termination Clause in Contracts

Removal and Replacement; Termination. Upon the occurrence of a Collection Agent Default, SunGard Funding II shall have the right to remove and replace SunGard Parent as Collection Agent. SunGard Parent will cooperate fully in transferring the books, records and functions of the Collection Agent to any successor Collection Agent. This Agreement will terminate on the date when all Obligations under the Transaction Documents are paid in full.

Appears in 2 contracts

Samples: Collection Agent Agreement, Collection Agent Agreement (Sungard Data Systems Inc)

AutoNDA by SimpleDocs

Removal and Replacement; Termination. Upon the occurrence of a Collection Agent Default, SunGard Funding II shall have the right to remove and replace SunGard Parent as Collection Agent. SunGard Parent will cooperate fully in transferring the books, records and functions of the Collection Agent to any successor Collection Agent. This Agreement will terminate on the date when all Obligations and Insurer Obligations under the Transaction Documents are paid in full.

Appears in 2 contracts

Samples: Collection Agent Agreement, Collection Agent Agreement (Sungard Data Systems Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.