Common use of Duties of Collection Agent Clause in Contracts

Duties of Collection Agent. (a) The Collection Agent shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy. Each of the Seller, each Secondary Purchaser and the Administrative Agent hereby appoints the Collection Agent, from time to time designated pursuant to Section 6.01 hereof, as agent for itself and for the owners of Receivable Interests to enforce their respective rights and interests in the Pool Receivables, the Related Security and the related Contracts.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Georgia Pacific Corp), Receivables Purchase Agreement (Georgia Pacific Corp), Receivables Purchase Agreement (Georgia Pacific Corp)

AutoNDA by SimpleDocs

Duties of Collection Agent. (a) The Collection Agent shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy. Each of the Seller, each Secondary Purchaser and the Administrative Agent hereby appoints the Collection Agent, from time to time designated pursuant to Section 6.01 hereof, as agent for itself and for the owners of Receivable Interests to enforce their respective rights and interests in the Pool Receivables, the Related Security and the related Contracts.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Georgia Pacific Corp), Receivables Purchase Agreement (Georgia Pacific Corp), Receivables Purchase Agreement (Georgia Pacific Corp)

Duties of Collection Agent. (a) The Collection Agent shall (unless the Agent directs otherwise) take or cause to be taken all only such actions as may shall be necessary or advisable customary to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and solely in accordance with the Credit and Collection Policy. Each of the Seller, each Secondary Purchaser The Seller and the Administrative Agent hereby appoints appoint the Collection Agent, from time to time designated pursuant to Section 6.01 hereof6.01, as agent for itself themselves and for the owners of Receivable Interests Purchasers and the Banks to enforce their respective rights and interests in and under the Pool Receivables, the Related Security and the related ContractsContracts and to monitor the Seller's compliance with the terms and conditions set forth in this Agreement.

Appears in 2 contracts

Samples: Receivables Purchase and Sale Agreement (Northeast Utilities System), Purchase and Sale Agreement (North Atlantic Energy Corp /Nh)

Duties of Collection Agent. (a) The Collection Agent shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy. Each of the SellerThe Borrower, each Secondary Purchaser Investor, each Bank, the Group Managing Agents and the Administrative Agent each hereby appoints as their respective agent the Collection Agent, from time to time designated pursuant to Section 6.01 hereof6.01, as agent for itself and for the owners of Receivable Interests to enforce their respective rights and interests in the Pool Receivables, the Related Security and the related Contracts.

Appears in 1 contract

Samples: Financing Agreement (Energy Future Competitive Holdings CO)

AutoNDA by SimpleDocs

Duties of Collection Agent. (a) The Collection Agent --------------------------- shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy. Each of the Seller, each each. Secondary Purchaser and the Administrative Agent hereby appoints the Collection Agent, from time to time designated pursuant to Section 6.01 hereof, as agent for itself and for the owners of Receivable Interests to enforce their respective rights and interests in the Pool Receivables, the Related Security and the related Contracts.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Georgia Pacific Corp)

Duties of Collection Agent. (a) The Collection Agent shall (unless the Agent directs otherwise) take or cause to be taken all only such actions as may shall be necessary or advisable customary to collect each Pool Set Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and solely in accordance with the Credit and Collection Policy. Each of the Seller, each Secondary Purchaser The Seller and the Administrative Agent hereby appoints appoint the Collection Agent, from time to time designated pursuant to Section 6.01 hereof6.01, as agent for itself themselves and for the owners of Receivable Interests Purchasers and the Banks to enforce their respective rights and interests in and under the Pool Set Receivables, the Related Security and the related Contracts.

Appears in 1 contract

Samples: Purchase and Sale Agreement (North Atlantic Energy Corp /Nh)

Time is Money Join Law Insider Premium to draft better contracts faster.