Common use of Successor Purchaser’s Agent Clause in Contracts

Successor Purchaser’s Agent. (a) The Purchaser’s Agent may resign at any time by giving sixty days’ written notice thereof to the Sheffield Owners, the Issuer, the Servicer and the Indenture Trustee. Upon any such resignation, a majority of the Sheffield Owners shall have the right to appoint a successor Purchaser’s Agent approved by the Issuer (which approval will not be unreasonably withheld or delayed). If no successor Purchaser’s Agent shall have been so appointed by a majority of the Sheffield Owners and shall have accepted such appointment, within sixty days after the retiring Purchaser’s Agent’s giving of notice or resignation, then the retiring Purchaser’s Agent may, on behalf of the Sheffield Owners appoint a successor Purchaser’s Agent. If such successor Purchaser’s Agent is not an Affiliate of Barclays Bank PLC, such successor Purchaser’s Agent shall be subject to the Issuer’s prior written consent. Upon the acceptance of any appointment as Purchaser’s Agent hereunder by a successor Purchaser’s Agent, such successor Purchaser’s Agent shall thereupon succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Purchaser’s Agent, and the retiring Purchaser’s Agent shall be discharged from its duties and obligations under this Subclass A-1 Note Purchase Agreement. After any retiring Purchaser’s Agent’s resignation or removal hereunder as Purchaser’s Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Purchaser’s Agent under this Subclass A-1 Note Purchase Agreement.

Successor Purchaser’s Agent. (a) The Purchaser’s Agent may resign at any time by giving sixty days’ written notice thereof to the Sheffield Owners, the Issuer, the Servicer and the Indenture Trustee. Upon any such resignation, a majority of the Sheffield Owners shall have the right to appoint a successor Purchaser’s Agent approved by the Issuer (which approval will not be unreasonably withheld or delayed). If no successor Purchaser’s Agent shall have been so appointed by a majority of the Sheffield Owners and shall have accepted such appointment, within sixty days after the retiring Purchaser’s Agent’s giving of notice or resignation, then the retiring Purchaser’s Agent may, on behalf of the Sheffield Owners appoint a successor Purchaser’s Agent. If such successor Purchaser’s Agent is not an Affiliate of Barclays Bank PLC, such successor Purchaser’s Agent shall be subject to the Issuer’s prior written consent. Upon the acceptance of any appointment as Purchaser’s Agent hereunder by a successor Purchaser’s Agent, such successor Purchaser’s Agent shall thereupon succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Purchaser’s Agent, and the retiring Purchaser’s Agent shall be discharged from its duties and obligations under this Subclass A-1 A-2 Note Purchase Agreement. After any retiring Purchaser’s Agent’s resignation or removal hereunder as Purchaser’s Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Purchaser’s Agent under this Subclass A-1 A-2 Note Purchase Agreement.

Successor Purchaser’s Agent. (a) The Purchaser’s Purchasers’ Agent may resign at any time by giving sixty days’ written notice thereof to the Sheffield Owners, the Issuer, the Servicer and the Indenture Trustee. Upon any such resignation, a majority of the Sheffield Owners shall have the right to appoint a successor Purchaser’s Purchasers’ Agent approved by the Issuer (which approval will not be unreasonably withheld or delayed). If no successor Purchaser’s Purchasers’ Agent shall have been so appointed by a majority of the Sheffield Owners and shall have accepted such appointment, within sixty days after the retiring Purchaser’s Purchasers’ Agent’s giving of notice or resignation, then the retiring Purchaser’s Purchasers’ Agent may, on behalf of the Sheffield Owners appoint a successor Purchaser’s Purchasers’ Agent. If such successor Purchaser’s Purchasers’ Agent is not an Affiliate of Barclays Bank PLC, such successor Purchaser’s Purchasers’ Agent shall be subject to the Issuer’s prior written consent. Upon the acceptance of any appointment as Purchaser’s Purchasers’ Agent hereunder by a successor Purchaser’s Purchasers’ Agent, such successor Purchaser’s Purchasers’ Agent shall thereupon succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Purchaser’s Purchasers’ Agent, and the retiring Purchaser’s Purchasers’ Agent shall be discharged from its duties and obligations under this Subclass A-1 B-1 Note Purchase Agreement. After any retiring Purchaser’s Purchasers’ Agent’s resignation or removal hereunder as Purchaser’s Purchasers’ Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Purchaser’s Purchasers’ Agent under this Subclass A-1 B-1 Note Purchase Agreement.

Successor Purchaser’s Agent. (a) The Purchaser’s Agent may resign at any time by giving sixty days’ written notice thereof to the Sheffield Owners, the Issuer, the Servicer and the Indenture Trustee. Upon any such resignation, a majority of the Sheffield Owners shall have the right to appoint a successor Purchaser’s Agent approved by the Issuer (which approval will not be unreasonably withheld or delayed). If no successor Purchaser’s Agent shall have been so appointed by a majority of the Sheffield Owners and shall have accepted such appointment, within sixty days after the retiring Purchaser’s Agent’s giving of notice or resignation, then the retiring Purchaser’s Agent may, on behalf of the Sheffield Owners appoint a successor Purchaser’s Agent. If such successor Purchaser’s Agent is not an Affiliate of Barclays Bank PLC, such successor Purchaser’s Agent shall be subject to the Issuer’s prior written consent. Upon the acceptance of any appointment as Purchaser’s Agent hereunder by a successor Purchaser’s Agent, such successor Purchaser’s Agent shall thereupon succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Purchaser’s Agent, and the retiring Purchaser’s Agent shall be discharged from its duties and obligations under this Subclass A-1 Class A Note Purchase Agreement. After any retiring Purchaser’s Agent’s resignation or removal hereunder as Purchaser’s Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Purchaser’s Agent under this Subclass A-1 Class A Note Purchase Agreement.

Successor Purchaser’s Agent. (a) The Purchaser’s Agent may resign at any time by giving sixty days’ written notice thereof to the Sheffield Owners, the Issuer, the Servicer and the Indenture Trustee. Upon any such resignation, a majority of the Sheffield Owners shall have the right to appoint a successor Purchaser’s Agent approved by the Issuer (which approval will not be unreasonably withheld or delayed). If no successor Purchaser’s Agent shall have been so appointed by a majority of the Sheffield Owners and shall have accepted such appointment, within sixty days after the retiring Purchaser’s Agent’s giving of notice or resignation, then the retiring Purchaser’s Agent may, on behalf of the Sheffield Owners appoint a successor Purchaser’s Agent. If such successor Purchaser’s Agent is not an Affiliate of Barclays Bank PLC, such successor Purchaser’s Agent shall be subject to the Issuer’s prior written consent. Upon the acceptance of any appointment as Purchaser’s Agent hereunder by a successor Purchaser’s Agent, such successor Purchaser’s Agent shall thereupon succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Purchaser’s Agent, and the retiring Purchaser’s Agent shall be discharged from its duties and obligations under this Subclass A-1 B-2 Note Purchase Agreement. After any retiring Purchaser’s Agent’s resignation or removal hereunder as Purchaser’s Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Purchaser’s Agent under this Subclass A-1 B-2 Note Purchase Agreement.

Successor Purchaser’s Agent. (a) The Purchaser’s Purchasers’ Agent may resign at any time by giving sixty days’ written notice thereof to the Sheffield Owners, the Issuer, the Servicer and the Indenture Trustee. Upon any such resignation, a majority of the Sheffield Owners shall have the right to appoint a successor Purchaser’s Purchasers’ Agent approved by the Issuer (which approval will not be unreasonably withheld or delayed). If no successor Purchaser’s Purchasers’ Agent shall have been so appointed by a majority of the Sheffield Owners and shall have accepted such appointment, within sixty days after the retiring Purchaser’s Purchasers’ Agent’s giving of notice or resignation, then the retiring Purchaser’s Purchasers’ Agent may, on behalf of the Sheffield Owners appoint a successor Purchaser’s Purchasers’ Agent. If such successor Purchaser’s Purchasers’ Agent is not an Affiliate of Barclays Bank PLC, such successor Purchaser’s Purchasers’ Agent shall be subject to the Issuer’s prior written consent. Upon the acceptance of any appointment as Purchaser’s Purchasers’ Agent hereunder by a successor Purchaser’s Purchasers’ Agent, such successor Purchaser’s Purchasers’ Agent shall thereupon succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Purchaser’s Purchasers’ Agent, and the retiring Purchaser’s Purchasers’ Agent shall be discharged from its duties and obligations under this Subclass A-1 Class B Note Purchase Agreement. After any retiring Purchaser’s Purchasers’ Agent’s resignation or removal hereunder as Purchaser’s Purchasers’ Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Purchaser’s Purchasers’ Agent under this Subclass A-1 Class B Note Purchase Agreement.

Successor Purchaser’s Agent. (a) The Purchaser’s Purchasers' Agent may resign at any time by giving sixty days’ ' written notice thereof to the Sheffield OwnersPurchasers, the IssuerSeller, AFL, the Servicer and the Indenture Owner Trustee. Upon any such resignation, a majority of the Sheffield Owners Purchasers shall have the right to appoint a successor Purchaser’s Purchasers' Agent approved by the Issuer AFL (which approval will not be unreasonably withheld or delayed). If no successor Purchaser’s Purchasers' Agent shall have been so appointed by a majority of the Sheffield Owners Purchasers and shall have accepted such appointment, within sixty days after the retiring Purchaser’s Purchasers' Agent’s 's giving of notice or resignation, then the retiring Purchaser’s Purchasers' Agent may, on behalf of the Sheffield Owners Purchasers, appoint a successor Purchaser’s Agent. If such Purchasers' Agent approved by AFL (which approval will not be unreasonably withheld or delayed), which successor Purchaser’s Purchasers' Agent is not shall be (a) either (i) a commercial bank having a combined capital and surplus of at least $250,000,000, (ii) an Affiliate of Barclays Bank PLCsuch bank, such successor Purchaser’s Agent shall be subject to or (iii) an Affiliate of Xxxxxx Guaranty Trust Company of New York and (b) experienced in the Issuer’s prior written consenttypes of transactions contemplated by this Certificate Purchase Agreement. Upon the acceptance of any appointment as Purchaser’s Purchasers' Agent hereunder by a successor Purchaser’s Purchasers' Agent, such successor Purchaser’s Purchasers' Agent shall thereupon succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Purchaser’s Purchasers' Agent, and the retiring Purchaser’s Purchasers' Agent shall be discharged from its duties and obligations under this Subclass A-1 Note Certificate Purchase Agreement. After any retiring Purchaser’s Purchasers' Agent’s 's resignation or removal hereunder as Purchaser’s Purchasers' Agent, the provisions of this Article IX XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Purchaser’s Purchasers' Agent under this Subclass A-1 Note Certificate Purchase Agreement.