APPOINTMENT OF CO-AGENT OR SEPARATE AGENT Sample Clauses
APPOINTMENT OF CO-AGENT OR SEPARATE AGENT. Notwithstanding any other provisions of this Agreement, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Collateral or any Financed Vehicle may at the time be located, the Agent, with the consent of the Servicer, such consent not to be unreasonably withheld, shall have the power and may execute and deliver all instruments to appoint one or more Persons approved by the Agent to act as co-agent or co-agents, jointly with the Agent, or separate agent or separate agents, of all or any part of the Collateral, and to vest in such Person or Persons, in such capacity and for the benefit of the Investors, such title to the Collateral, or any part thereof, and, subject to the other provisions of this SECTION 20.10, such powers, duties, obligations, rights and trusts as the Servicer and the Agent may consider necessary or desirable. If the Servicer shall not have consented to such appointment within fifteen (15) days after the receipt by it of a request to do so, or if a Servicer Termination Event shall have occurred and be continuing, the consent of the Servicer shall not be required. No co-agent or separate agent under this Agreement shall be required to meet the terms of eligibility as a successor agent under SECTION 20.6 and no notice to holders of Notes of the appointment of any co-agent or separate agent shall be required under SECTION 20.8. Every separate agent and co-agent shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions: () All rights, powers, duties and obligations conferred or imposed upon the Agent shall be conferred or imposed upon and exercised or performed by the Agent and such separate agent or co-agent jointly (it being understood that such separate agent or co-agent is not authorized to act separately without the Agent joining in such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed by the Agent, the Agent shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Collateral or any portion thereof in any such jurisdiction) shall be exercised and performed singly by such separate agent or co-agent, but solely at the direction of the Agent; () No agent under this Agreement shall be personally liable by reason of any act or omission of any other agent under th...