Common use of Alteration of Medallion Loan Documents Clause in Contracts

Alteration of Medallion Loan Documents. After the Funding Documentation Receipt Date, until the pledge of any Medallion Loan is relinquished by the Agent, the Borrower will not or alter the terms of any Medallion Loan or any related Medallion Loan Documents except (i) if a Default has occurred and is continuing, with the Agent’s prior written consent, (ii) if the Termination Date has occurred, with the Agent’s prior written consent and (iii) at all other times, in accordance with the applicable Seller’s written Underwriting Guidelines and the Credit and Collection Policy and as expressly permitted under the Servicing Agreement.

Alteration of Medallion Loan Documents. After the Funding Documentation Receipt Date, until the pledge of any Medallion Loan is relinquished by the AgentLender, the Borrower will not have no right to modify or alter the terms of any Medallion Loan or any the related Medallion Loan Documents except (i) if a Default has occurred and is continuing, with the Administrative Agent’s prior written consent, (ii) if the Commitment Termination Date has occurred, with the Administrative Agent’s prior written consent and (iii) at all other times, in accordance with the applicable Seller’s written Underwriting Guidelines and the Credit and Collection Policy and as expressly permitted under the Servicing AgreementPolicy.