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

• The Collection Agent shall give notice to the Indenture Trustee, promptly (and in no event later than five (5) Business Days) after becoming aware of the occurrence of any Collection Agent Default, Early Amortization Event, Event of Default or a breach of a representation or warranty related to the eligibility of any Receivable in any material.

• To the knowledge of the Collection Agent, neither a Collection Agent Default nor an Event of Default has occurred and is continuing.

• Upon the occurrence of a Collection Agent Default, SunGard Funding II shall have the right to remove and replace SunGard Parent as Collection Agent.

• Upon the occurrence of a Collection Agent Default, SunGard Funding shall have the right to remove and replace SunGard Parent as Collection Agent.

• 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.

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.