Revocation of Agency Sample Clauses

Revocation of Agency. Any Borrower revokes or limits, or takes any action purporting to revoke or limit, the appointment or authority of the Borrowing Agent as such Borrower’s agent for purposes of borrowing money or taking any other action described in or contemplated by Section 3.15 hereof; or

Revocation of Agency. Buyer hereby expressly terminates and revokes any appointment of Seller to serve as Buyer's agent with respect to any matter arising under the Original Agreement, whether express or implied, including, without limitation, any appointment of Seller to serve as Buyer's agent for the purposes set forth in Section 3.3(a) of the Original Agreement. Seller acknowledges and agrees to the foregoing termination and revocation of any such agency.

Revocation of Agency. At any time during the continuance of any Event of Default the Requisite Lenders may, in their sole discretion, notify Collection Agent in writing of the revocation of its appointment as Collection Agent hereunder. Upon revocation of Collection Agent’s appointment hereunder, the Requisite Lenders will appoint a successor Collection Agent. Collection Agent agrees that upon receipt of written notification from Agent of the revocation of Collection Agent’s appointment as Collection Agent hereunder, Collection Agent will, at its sole cost and expense, cooperate with and assist the successor Collection Agent, including, without limitation, providing access to, and transferring, the originals or accurate copies of all Account Files and documents, including data-processing records, relating thereto (which will be held in trust for the benefit of the parties hereto in accordance with their respective interests) and, by allowing the successor Collection Agent to use all licenses, hardware or software necessary or desirable to collect the Accounts to the extent such use is permitted by, or would not result in a breach or default under any agreement with respect thereto (it being understood and agreed that ArvinMeritor will use commercially reasonable efforts to obtain permission for such successor Collection Agent’s use of such software). ArvinMeritor irrevocably agrees to act (if requested to do so) as the data-processing agent for the successor Collection Agent (in substantially the same manner as ArvinMeritor conducted such data-processing functions while it acted as Collection Agent). All costs and expenses incurred by the Collection Agent, successor Collection Agent, Lenders, Agents or their respective counsel in connection with any transfer of servicing are for the account of ArvinMeritor and Borrower, jointly and severally.