Common use of Rights of Successor Agent Clause in Contracts

Rights of Successor Agent. Upon the execution by the Current Issuer and any successor agent of an instrument effecting the appointment of a successor agent, such successor agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent shall be entitled to receive, all monies, records and documents (including any Note Certificates of the relevant class or classes of Current Issuer Notes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Sixth Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Sixth Issuer Notes of the relevant class or classes of Current Sixth Issuer Notes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Eighth Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Eighth Issuer Notes of the relevant class or classes of Current Eighth Issuer Notes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Seventh Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Seventh Issuer Notes of the relevant class or classes of Current Seventh Issuer Notes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Ninth Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Ninth Issuer Notes of the relevant class or classes of Current Ninth Issuer Notes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Second Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Second Issuer Notes of the relevant class or classes of Current Second Issuer Notes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Notes of the relevant class or classes of Current Issuer NotesSeries and/or Classes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Fourth Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Fourth Issuer Notes of the relevant class or classes of Current Fourth Issuer Notes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Master Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Notes of the relevant class or classes of Current Issuer NotesSeries and Class, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Third Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Third Issuer Notes of the relevant class or classes of Current Third Issuer Notes, if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Fifth Issuer and any successor agent Successor Agent of an instrument effecting the appointment of a successor agentSuccessor Agent, such successor agent Successor Agent shall, without any further act, deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor with like effect as if originally named as the relevant agent Agent herein and such predecessor, upon payment to it of the pro rata proportion of its administration fee and disbursements then unpaid (if any), shall thereupon become obliged to transfer, deliver and pay over, and such successor agent Successor Agent shall be entitled to receive, all monies, records and documents (including any Note Certificates Definitive Fifth Issuer Notes of the relevant class or classes of Current Fifth Issuer Notes, if any) held by such predecessor hereunder.