Common use of Change in Accounting Policies or Debt Rating Clause in Contracts

Change in Accounting Policies or Debt Rating. The Servicer shall notify the Deal Agent, the Collateral Agent and the Lenders of any material change in or amendment to the Servicer’s accounting policies within ten (10) days after the date such change or amendment has been made. Within five (5) days after the date of any change in the Borrower’s or Credit Acceptance’s public or private debt ratings, if any, the Servicer shall furnish to the Deal Agent, the Collateral Agent and the Lenders a written certification of the Borrower’s or Credit Acceptance’s public and private debt ratings after giving effect to any such change.

Appears in 7 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

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Change in Accounting Policies or Debt Rating. The initial Servicer shall notify the Deal Agent, the Collateral Agent and the Lenders of any material change in or amendment to the Servicer’s accounting policies relating to the revenue recognition or the valuation of the Loans within ten (10) days after the date such change or amendment has been made. Within five (5) days after the date of any change in the Borrower’s or Credit Acceptance’s public or private debt ratings, if any, the Servicer shall furnish to the Deal Agent, the Collateral Agent and the Lenders a written certification of the Borrower’s or Credit Acceptance’s public and private debt ratings after giving effect to any such change.

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Change in Accounting Policies or Debt Rating. The Servicer shall notify the Deal Agent, the Collateral Agent and the Lenders of any material change in or amendment to the Servicer’s accounting policies within ten (10) days after the date such change or amendment has been made. Within five (5) days after the date of any change in the Borrower’s or Credit Acceptance’s public or private debt ratings, if any, the Servicer shall furnish to the Deal Agent, the Collateral Agent and the Lenders with a written certification of the Borrower’s or Credit Acceptance’s public and private debt ratings after giving effect to any such change.

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Change in Accounting Policies or Debt Rating. The Servicer shall notify the Deal Agent, the Collateral Agent and the Lenders of any material change in or amendment to the Servicer’s accounting policies within ten (10) days after the date such change or amendment has been made. Within five (5) days after the date of any change in the Borrower’s or Credit Acceptance’s public or private debt ratings, if any, the Servicer shall furnish to the Deal Agent, the Collateral Agent and the Lenders a written certification of the Borrower’s or Credit Acceptance’s public and private debt ratings after giving effect to any such change.;

Appears in 3 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corporation)

Change in Accounting Policies or Debt Rating. The Servicer shall notify the Deal Agent, the Collateral Agent and the Lenders of any material change in or amendment to the Servicer’s accounting policies relating to the revenue recognition or the valuation of the Loans within ten (10) days after the date such change or amendment has been made. Within five (5) days after the date of any change in the Borrower’s or Credit Acceptance’s public or private debt ratings, if any, the Servicer shall furnish to the Deal Agent, the Collateral Agent and the Lenders a written certification of the Borrower’s or Credit Acceptance’s public and private debt ratings after giving effect to any such change.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Change in Accounting Policies or Debt Rating. The Servicer shall notify the Deal Agent, the Collateral Agent and the Lenders of any material change in or amendment to the Servicer’s accounting policies within ten (10) days after the date such change or amendment has been made. Within five two (52) days after the date of any change in the Borrower’s or Credit Acceptance’s public or private debt ratings, if any, the Servicer shall furnish to the Deal Agent, the Collateral Agent and the Lenders a written certification of the Borrower’s or Credit Acceptance’s public and private debt ratings after giving effect to any such change.;

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

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Change in Accounting Policies or Debt Rating. The Servicer shall notify the Deal Agent, the Collateral Agent and the Lenders of any material change in or amendment to the Servicer’s 's accounting policies within ten (10) days after the date such change or amendment has been made. Within five (5) days after the date of any change in the Borrower’s 's or Credit Acceptance’s 's public or private debt ratings, if any, the Servicer shall furnish to the Deal Agent, the Collateral Agent and the Lenders a written certification of the Borrower’s 's or Credit Acceptance’s 's public and private debt ratings after giving effect to any such change.;

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

Change in Accounting Policies or Debt Rating. The Servicer shall notify the Deal Agent, the Collateral Agent and the Lenders of any material change in or amendment to the Servicer’s accounting policies within ten (10) days after the date such change or amendment has been made. Within five (5) days after the date of any change in the Borrower’s or Credit Acceptance’s public or private debt ratings, if any, the Servicer shall furnish to the Deal Agent, the Collateral Agent and the Lenders a written certification of the Borrower’s or Credit Acceptance’s public and private debt ratings after giving effect to any such change.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Change in Accounting Policies or Debt Rating. The initial Servicer shall notify the Deal Agent, Agent and the Collateral Agent and the Lenders of any material change in or amendment to the initial Servicer’s accounting policies within ten (10) days after the date such change or amendment has been made. Within five (5) days after the date of any change in the Borrower’s or Credit Acceptance’s public or private debt ratings, if any, the initial Servicer shall furnish to the Deal Agent, Agent and the Collateral Agent and the Lenders with a written certification of the Borrower’s or Credit Acceptance’s public and private debt ratings after giving effect to any such change.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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