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 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 in this Agreement 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 hereunderunder this Agreement.

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 Series and Class (or classes of Current Issuer NotesSub-Class), if any) held by such predecessor hereunder.

Rights of Successor Agent. Upon the execution by the Current Master 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 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 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.