Change in Accounts. To the extent not otherwise disclosed in a Borrowing Base Certificate previously delivered to the Administrative Agent, the Borrower shall notify the Administrative Agent promptly upon a Duly Authorized Officer obtaining knowledge of (i) any event or circumstance which, to any Loan Party’s knowledge, would result in any existing material Account no longer constituting an Eligible Account and (ii) all material adverse information relating to the financial condition of any material Account Debtor of the Borrower and its Subsidiaries.
Change in Accounts. (i) Add any bank, lock-box or lock-box account not listed on Schedule II as an Account Bank, Lock-Box or Collection Account unless the Collateral Agent and the Administrative Agent shall have previously approved and received duly executed copies of the proper forms of Control Agreements duly executed by the parties thereto, (ii) terminate any Account Bank, or related Lock-Box, Collection Account or the Payment Account without the prior written consent of the Collateral Agent, the Administrative Agent and, in each case, only if prior to such termination it has instructed all affected Obligors to make payments to another Lock-Box or Collection Account or established a substitute Payment Account, as the case may be, in each case, satisfying the requirements of this Agreement, and all affected Obligors (other than Obligors in respect of Delinquent Receivables or Defaulted Receivables) have made at least one payment to such other Lock-Box or Collection Account, and has provided such certifications or undertakings reasonably satisfactory to the Collateral Agent and the Administrative Agent regarding any Obligor payments that may continue to be made to a Lock-Box or Collection Account that is being terminated, or (iii) affirmatively consent to any amendment, supplement, or other modification of any Lock-Box agreement without the prior written consent of the Collateral Agent and the Administrative Agent.
Change in Accounts. The Servicer will not (i) make any changes to Schedule 3.03(h) hereto or (ii) amend any instruction to any Obligor or any Muehlstein Collection Account Bank with respect to any Muehlstein Post Office Box or Muehlstein Collection Account or (iii) terminate or substitute any Cure Account, in any case (A) except as otherwise required or permitted pursuant to Section 4.02 or the applicable Supplement and (B) unless the Trustee shall have received written notice of such change, amendment, termination or substitution and executed copies of Muehlstein Collection Account Letters to each new Muehlstein Collection Account Bank.
Change in Accounts. Such Master Servicer will not (i) terminate or substitute any Series Collection Account except as required pursuant to Section 4.02 or (ii) add or terminate any institution as a Lock-Box Bank or terminate or substitute any Lock-Box Account or any related lock-boxes from those listed in Schedule III hereto, except as otherwise permitted pursuant to Section 4.02 or unless the Trustee and each Series Enhancer shall have received notice of such addition, termination or change and executed copies of Lock-Box Notices from each new Lock-Box Bank or relating to each new Lock-Box Account and/or each new lock-box. No Master Servicer shall instruct any Annuity Provider or other Obligor to remit, or consent to any applicable Claimant's, Annuity Provider's or other Obligor's instructions to remit or remittance of, Collections to any Person, address or account other than a Lock-Box Account, the related lock-box, or the Series Collection Account for the Series to which such Collections relate.
Change in Accounts. If, at any time, there is a change in international accounting standards or the Parent changes, or the Parent’s Board of Directors resolves to change the basis, or one or more of the accounting policies, upon which its audited annual consolidated financial statements are prepared (in circumstances where any such change would have a material effect on such financial statements) or its accounting reference date then:
(a) the Parent shall promptly notify the Agent of such change or proposed change;
(b) the Parent and the Agent shall enter into negotiations in good faith with a view to agreeing:
(i) whether or not such change or proposed change might result in any material alteration in the compliance by the Parent with the financial ratios set out herein or the determination of which of the Parent’s Subsidiaries is a Material Subsidiary;
(ii) if so, any amendments to this Agreement which may be necessary in order to ensure that such change or proposed change does not result in any material alteration in such matters, and, if any such amendments are agreed by the Parent and the Agent (acting on the instructions of the Majority Banks), they shall take effect and be binding upon the Parties in accordance with their terms; and
(c) if within a period of 60 days after such notification the Parent and the Agent (acting on the instructions of the Majority Banks) have failed to reach agreement then:
(i) the Parent shall procure that within a further period of 60 days its auditors certify to the Agent what changes to the provisions referred to in subparagraph (b) above are, in the opinion of the auditors, necessary to ensure that any test imposed by those provisions (as amended) by reference to the financial statements prepared on the new basis shall be substantially similar (and, insofar as practicable, identical) in effect to the relevant test imposed by the existing provisions by reference to financial statements prepared on the old basis; any change certified by the auditors pursuant to this subparagraph (i) shall, if circumstances permit, consist of an adjustment to the percentage, figure or ratio contained in the relevant test proportionate to the change in the results or financial position disclosed on the new basis compared to those prepared on the old basis;
(ii) the Agent may, at the cost of the Banks, appoint a firm of independent accountants to produce a certificate to the same effect, such certificate to be produced no later than three months after the cer...
Change in Accounts. The Servicer shall not add, terminate or substitute, or consent to the addition, termination or substitution of, any Lock-Box Account, any Collection Account, the General Reserve Account without the consent of the Administrative Agent, and notice to the Collateral Agent, provided that, for the avoidance of doubt, nothing in this covenant is meant to confer or imply any right or authority of the Servicer to make such addition, termination or substitution.
Change in Accounts. The Servicer will not (i) terminate or substitute any Concentration Account (or make any change in its instructions to Wheeling-Pittsburgh Collection Account Banks regarding payments to be made to the Concentration Account) except as required pursuant to Section 4.02 or any Reserve Account except as required pursuant to the applicable Supplement or (ii) add or terminate any institution as a Wheeling-Pittsburgh Collection Account Bank from those listed in Schedule I hereto, except as otherwise permitted pursuant to Section 4.02 and unless the Trustee shall have received notice of such addition, termination or change and executed copies of Wheeling-Pittsburgh Collection Account Notices to each new Wheeling-Pittsburgh Collection Account Bank.
Change in Accounts. The Servicer shall not add, terminate or substitute, or consent to the addition, termination or substitution of the Collection Account, the Lockbox or the Lockbox Account unless, (a) the Purchaser shall have received at least (i) in the case of any such addition, fifteen (15) Business Days’ prior written notice thereof and (ii) in the case of any such termination or substitution, thirty (30) Business Days’ prior written notice thereof, and (b) in the case of any such addition or substitution, prior to directing any Claimant to remit payments thereto, all actions reasonably requested by the Purchaser to protect and perfect the interest of the Purchaser in the payments in respect of the affected Purchased Assets have been taken and completed.
Change in Accounts. The Servicer will not (i) make any changes to Schedule 3.03(f) hereto or (ii) amend any instruction to any Obligor or any Collection Account Bank with respect to any Lock Box or Collection Account or (iii) terminate or substitute any Cure Account, in any case (A) except as otherwise required or permitted pursuant to Section 4.02 or the applicable Supplement and (B) unless the Trustee shall have received written notice of such change, amendment, termination or substitution and, if applicable, executed copies of Collection Account Letters with each new Collection Account Bank or Lock Box Letters with each new Person holding a Lock Box.
Change in Accounts. During such time that an Event of Default exists, no Borrower will permit or agree to any extension, compromise or settlement or make any change or modification of any kind or nature with respect to any of its Accounts, including any of the terms relating thereto.
