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 and, to the extent that it ceases to be the Servicer, Airgas, shall not (and shall not permit any Originator) to: (i) add or terminate any bank as a Blocked Account Bank or any account as a Blocked Account from those listed in Exh. IV-7 Schedule II to the Agreement or (ii) make any change in its instructions to Obligors (other than any instructions directing Obligors to remit payments to Lock-Box Accounts) regarding payments to be made to the Servicer or any Blocked Account (or related post office box); provided, in each case, unless the Administrator and the Majority Purchasers shall have consented thereto in writing and the Administrator shall have received copies of all agreements and documents (including Blocked Account Agreements) that it may request in connection therewith.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Airgas Inc), Receivables Purchase Agreement (Airgas Inc)

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Change in Blocked Account Banks, Blocked Accounts and Payment Instructions to Obligors. The Servicer andSeller shall not, to the extent that it ceases to be the Servicer, Airgas, shall not (and shall not permit the Servicer or any Originator) Originator to: (i) add or terminate any bank as a Blocked Account Bank or any account as a Blocked Account from those listed in Exh. IV-7 Schedule II to the Agreement or (ii) make any change in its instructions to Obligors (other than any instructions directing Obligors to remit payments to Lock-Box Accounts) regarding payments to be made to the Seller, the Originators, the Servicer or any Blocked Account (or related post office box); provided, in each case, unless the Administrator and the Majority Purchasers shall have consented thereto in writing and the Administrator shall have received copies of all agreements and documents (including Blocked Account Agreements) that it may request in connection therewith.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Airgas Inc), Receivables Purchase Agreement (Airgas Inc)

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