Collection Agent Replacement Event means the occurrence of any one or more of the following:
Collection Agent Replacement Event shall occur upon the giving of written notice by Agent to Seller after any one or more of the following has occurred (except that such event is automatic if attributable to (e) below):
Collection Agent Replacement Event has the meaning assigned such term in paragraph 9(k).
Examples of Collection Agent Replacement Event in a sentence
After the occurrence of a Collection Agent Replacement Event, the Seller will not, and will not permit any Collection Agent or other Person to, commingle Collections or other funds to which the Agent or any Purchaser is entitled with any other funds.
More Definitions of Collection Agent Replacement Event
Collection Agent Replacement Event has occurred and is continuing under the Receivables Sale Agreement (as defined in the Letter Agreement) and of our assumption of dominion and control of the Accounts as provided in the Letter Agreement. We hereby instruct you not to permit any other party to have access to the Accounts and to make all payments to be made by you out of or in connection with the Accounts directly to the undersigned upon our instructions, at our address set forth above. Very truly yours, ABN AMRO BANK N.V. By: Title: By: Title: cc: Loving Creek Funding Corporation EXHIBIT G OFFICEMAX, INC. ACCOUNTING CALENDAR - FISCAL 2005 DECEMBER 26, 2004 THROUGH DECEMBER 31, 0000 XXXXX XXXXXXX X M T W T F S 2 JAN 2 3 4 5 6 7 8 3 PERIOD 9 10 11 12 13 14 15 5 23 24 25 26 27 28 29 7 PERIOD 6 7 8 9 10 11 12 10 27 28 1 2 3 4 5 11 MAR 6 7 8 9 10 11 12 XXXXXX XXXXXXX X M T W T F S 15 APR 3 4 5 6 7 8 9 16 PERIOD 10 11 12 13 14 15 16 18 24 25 26 27 28 29 30 19 MAY 1 2 3 4 5 6 7 20 PERIOD 8 9 10 11 12 13 14 21 5 15 16 17 18 19 20 21 24 JUN 5 6 7 8 9 10 11 25 PERIOD 12 13 14 15 16 17 18 XXXXX XXXXXXX X M T W T F S 27 26 27 28 29 30 1 2 28 JUL 3 4 5 6 7 8 9 29 PERIOD 10 11 12 13 14 15 16 30 7 17 18 19 20 21 22 23 31 24 25 26 27 28 29 30 33 PERIOD 7 8 9 10 11 12 13 34 8 14 15 16 17 18 19 20 35 21 22 23 24 25 26 27 37 SEP 4 5 6 7 8 9 10 38 PERIOD 11 12 13 14 15 16 17 FOURTH QUARTER S M T W T F S 40 25 26 27 28 29 30 1 41 OCT 2 3 4 5 6 7 8 42 PERIOD 9 10 11 12 13 14 15 43 10 16 17 18 19 20 21 22 44 23 24 25 26 27 28 29 46 NOV 6 7 8 9 10 11 12 48 11 20 21 22 23 24 25 26 49 27 28 29 30 1 2 3 50 4 5 6 7 8 9 10 51 DEC 11 12 13 14 15 16 17
Collection Agent Replacement Event means the occurrence of any one or more of the following: (a) the Collection Agent (or any sub-collection agent) fails to observe or perform any material term, covenant or agreement under any Transaction Document and such failure remains unremedied for 30 days; (b) any written representation, warranty, certification or statement made by the Collection Agent in, or pursuant to, any Transaction Document proves to have been incorrect in any material adverse respect when made; provided that if any such representation, warranty, certification or statement has been subsequently remedied within 30 days of the earlier of knowledge by the Collection Agent or notice to the Collection Agent of such representation, warranty, certification or statement (such that if made or given as of the date of remedy it is no longer incorrect in any material respect) and such breach has caused no material adverse effect on the rights or interests of any Purchaser under this Agreement, such breach shall no longer constitute a Collection Agent Replacement Event; (c) the Collection Agent suffers a Bankruptcy Event or (d) a Termination Event.