Common use of Subsequent Appointments Clause in Contracts

Subsequent Appointments. The Issuer, in its sole discretion (following consultation with the Arranger), may appoint from time to time one or more additional parties to act as Dealers hereunder. Any such appointment shall be made in a writing signed by the Issuer and the party so appointed in substantially the form attached hereto as Exhibit A (each, a “Dealer Accession Letter”). Any such appointment shall become effective in accordance with its terms after the execution and delivery of the Dealer Accession Letter by the Issuer and such other party. When such appointment is effective, such other party shall be deemed to be one of the Dealers referred to in, and to have the rights and obligations of a Dealer under, this Agreement, subject to the terms and conditions of such appointment. The Issuer shall deliver a copy of the Dealer Accession Letter to each other Dealer promptly after it becomes effective.