Common use of Change in Blocked Account Banks, Blocked Accounts and Payment Instructions to Obligors Clause in Contracts

Change in Blocked Account Banks, Blocked Accounts and Payment Instructions to Obligors. The Servicer shall not add or terminate any bank as a Blocked Account Bank or any account as a Blocked Account (or any related post office box) from those listed in Schedule II to the Agreement, or make any change in its instructions to Obligors regarding payments to be made to the Servicer or the Originator or payments to be made to any Blocked Account (or related post office box), unless the Administrative Agent shall have consented prior thereto in writing and the Administrative Agent shall have received copies of all agreements and documents (including Blocked Account Agreements) that it may request in connection therewith. Notwithstanding the foregoing, the Servicer may from time to time add Blocked Accounts at a domestic office of any commercial bank that has a short term debt rating of at least “A-1” by S&P or “P-1” by Mxxxx’x and is reasonably acceptable to the Administrative Agent and the Seller (such consent not to be unreasonably withheld) so long as in connection therewith the Servicer delivers to the Administrative Agent a fully executed Blocked Account Agreement with such commercial bank.

Change in Blocked Account Banks, Blocked Accounts and Payment Instructions to Obligors. The Servicer Seller shall not add or terminate any bank as a Blocked Account Bank or any account as a Blocked Account (or any related post office box) from those listed in Schedule II to the Agreement, or make any change in its instructions to Obligors regarding payments to be made to the Servicer Seller or the Originator or payments to be made to any Blocked Account (or related post office box), unless the Administrative Agent shall have consented prior thereto in writing and the Administrative Agent shall have received copies of all agreements and documents (including Blocked Account Agreements) that it may request in connection therewith. Notwithstanding the foregoing, the Servicer Seller may from time to time add Blocked Accounts at a domestic office of any commercial bank that has a short term debt rating of at least “A-1” by S&P or “P-1” by Mxxxx’x and is reasonably acceptable to the Administrative Agent and the Seller Servicer (such consent not to be unreasonably withheld) so long as in connection therewith the Seller (or the Servicer on its behalf) delivers to the Administrative Agent a fully executed Blocked Account Agreement with such commercial bank.

Change in Blocked Account Banks, Blocked Accounts and Payment Instructions to Obligors. The Servicer No Originator shall not add or terminate any bank as a Blocked Account Bank or any account as a Blocked Account (or any the related post office box) from those listed in Schedule II to of the Receivables Purchase Agreement, or make any change in its instructions to Obligors regarding payments to be made to the Servicer or the such Originator or payments to be made to any Blocked Account (or related post office box), unless the Company and the Administrative Agent shall have consented prior thereto in writing and the Company and the Administrative Agent shall have received copies of all agreements and documents (including Blocked Account Agreements) that it either may request in connection therewith. Notwithstanding the foregoing, the Servicer any Originator may from time to time add Blocked Accounts at a domestic office of any commercial bank that has a short term debt rating of at least “A-1” by S&P or “P-1” by Mxxxx’x and is reasonably acceptable to the Administrative Agent and the Seller Company (such consent not to be unreasonably withheld) so long as in connection therewith the Servicer such Originator delivers to the Company and the Administrative Agent a fully executed Blocked Account Agreement with such commercial bank.