Adoption of a New Credit and Collection Policy. In the event TPNA adopts a Credit and Collection Policy which could reasonably be expected to adversely impact the Receivables of TPNA in any material respect, at least ten (10) Business Days prior to the effectiveness of any such adoption, a copy of TPNA’s proposed new Credit and Collection Policy, together with a request for the Administrative Agent’s consent thereto (which consent will not be unreasonably withheld or delayed).
Adoption of a New Credit and Collection Policy. In the event SMMC adopts a Credit and Collection Policy which could reasonably be expected to adversely impact the Receivables of SMMC in any material respect, at least ten (10) Business Days prior to the effectiveness of any such adoption, a copy of SMMC’s proposed new Credit and Collection Policy, together with a request for the Lender’s consent thereto (which consent will not be unreasonably withheld or delayed).
Adoption of a New Credit and Collection Policy. In the event the Originator adopts a Credit and Collection Policy which could reasonably be expected to adversely impact the Receivables of the Originator in any material respect, at least ten (10) Business Days prior to the effectiveness of any such adoption, a copy of the Originator’s proposed new Credit and Collection Policy, together with a request for the SPE’s (and the Administrative Agent’s, as the SPE’s assignee) consent thereto (which consent will not be unreasonably withheld or delayed).
Adoption of a New Credit and Collection Policy. In the event such Originator adopts a Credit and Collection Policy which could reasonably be expected to adversely impact the Receivables of such Originator in any material respect, at least ten (10) Business Days prior to the effectiveness of any such adoption, a copy of such Originator’s proposed new Credit and Collection Policy, together with a request for the Buyer’s (and the Administrative Agent’s, as the Buyer’s assignee) consent thereto (which consent will not be unreasonably withheld or delayed but which consent, may be conditioned upon changes to the ratios, reserves or Concentration Limits set forth in the Purchase Agreement to the extent such items are impacted by such change.
