Examples of Labcorp in a sentence
Until the Administrative Agent gives notice to Labcorp (in accordance with this Section 8.01) of the designation of a new Servicer, Labcorp is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof.
Labcorp shall at all times own 100% of the Equity Interests of the Buyer free and clear of all Adverse Claims.
After the Closing Date, until the Sale and Contribution Termination Date, (i) each Receivable and the Related Rights generated by each Originator shall be, and shall be deemed to have been, sold or (in the case of Labcorp) contributed by such Originator to the Buyer immediately (and without further action) upon the creation of such Receivable.
Upon the occurrence of an Event of Default, the Administrative Agent may (with the consent of the Required Purchasers) and shall (at the direction of the Required Purchasers) designate as Servicer any Person (including itself) to succeed Labcorp or any successor Servicer, on such terms and conditions as the Administrative Agent may agree in its discretion.
No such assignment shall be made (A) to any Seller-Related Party or any Seller-Related Party’s Affiliates or Subsidiaries, (B) to any Defaulting Purchaser or any of its Subsidiaries, or any Person who, upon becoming a Purchaser hereunder, would constitute a Defaulting Purchaser or a Subsidiary thereof and (C) to a Labcorp Competitor.