Collection Agent Default definition

Collection Agent Default has the meaning specified in Section 6.4 hereof.

Collection Agent Default has the meaning specified in Exhibit VI hereto.

Collection Agent Default means any Event of Termination relating to the Collection Agent set forth in Sections 7.01(a), (c), (g) or (i), or any “Collection Agent Default,” as such term is defined in the Initial Purchase Agreement, the Secondary Purchase Agreement or the RIPA.

Examples of Collection Agent Default in a sentence

• Following the RIPA Final Payment Date and so long as a Collection Agent Default has occurred and is continuing, the Purchaser may designate as Collection Agent any Person (including itself) to succeed IR Company or any successor Collection Agent, if such Person shall consent and agree to the terms hereof.

• Following a Collection Agent Default or a Termination Event, the Administrative Agent may notify any Obligor of the designation of a successor Collection Agent.

• If no Collection Agent Default, Termination Event or Potential Termination Event has occurred and is continuing, the Collection Agent shall remit daily within forty-eight hours of receipt to either the Concentration Account or an Intermediate Concentration Account all Collections received with respect to any Receivables in accordance with Section 5.3(h).

• During the continuance of a Collection Agent Default or a Termination Event or a Potential Termination Event, and at all times on and after the Termination Date, the Collection Agent shall remit daily within forty-eight hours of receipt to the Collection Account all Collections received with respect to any Receivables.

• On and after the occurrence of a Collection Agent Default or a Termination Event, the Collection Agent shall remit daily within forty-eight hours of receipt to the Collection Account all Collections received with respect to any Receivables.

More Definitions of Collection Agent Default

Collection Agent Default shall have the meaning specified in Section 6.07 of the Receivables Transfer Agreement.

Collection Agent Default means the Collection Agent shall violate any of the covenants set forth in Section 5.5.

Collection Agent Default means the occurrence of any of the following:

Collection Agent Default means the occurrence of an Event of Termination described in Sections 7.01(a), 7.01(c), 7.01(e) or 7.01(g), in each case with respect to the Collection Agent.

Collection Agent Default has the meaning specified in Section 2.9 of the Servicing Agreement.

Collection Agent Default has the meaning set forth in the Sale Agreement.

Collection Agent Default means that (a) an Insolvency Event shall occur with respect to the Collection Agent, or (b) the Collection Agent shall fail (i) to make any payment or deposit required to be made by the Collection Agent under any Transaction Document when due and such failure continues for five (5) days, (ii) to deliver to the Administrative Agent a Monthly Report when due and such failure continues for five (5) Business Days, or (iii) (other than as referred to in clause (ii) of this definition) to perform or observe any term, covenant or agreement under any Transaction Document to which it is a party and such failure shall continue for thirty (30) days.