Change in Credit and Collection Policies Sample Clauses

Change in Credit and Collection Policies. At least thirty (30) days prior to the effectiveness of any material change in or material amendment to any Credit and Collection Policy, a copy of such Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent’s and the Required Purchasers’ consent thereto.
AutoNDA by SimpleDocs
Change in Credit and Collection Policies. Within fifteen (15) Business Days after the date any material change in or amendment to the Credit and Collection Policies is made, a copy of the Credit and Collection Policies then in effect indicating such change or amendment;
Change in Credit and Collection Policies. Make any material change in the Credit and Collection Policy without the prior written consent of the Transferee and the Agent and the Majority Investors (not to be unreasonably withheld or delayed). Promptly following any material change in the Credit and Collection Policy, the Transferor will deliver a copy of the updated Credit and Collection Policy to the Transferee, the Agent and each Investor.
Change in Credit and Collection Policies. (A) Within fifteen (15) Business Days after the date of any material change in or amendment to the Credit and Collection Policies is made (which change or amendment, to the extent made to the Credit and Collection Policies of the Seller or initial Servicer, shall not be made without the prior written consent of each of the Noteholders), a copy of the Credit and Collection Policies then in effect indicating such change or amendment; (B) No later than five (5) Business Days prior to the effective date of any proposed material change in or amendment to the Credit and Collection Policies, a copy of the proposed change or amendment; and (C) Within fifteen (15) Business Days after the date any material version change in the Seller’s proprietary credit risk decisioning model, a written summary of such change.
Change in Credit and Collection Policies. Each of Seller and Servicer will furnish to the Administrator, prior to its effective date, written notice of any material change in any Credit and Collection Policy which changes shall be reasonably acceptable to the Administrator;
Change in Credit and Collection Policies. Each Seller shall not make and shall not permit any of its subsidiaries to make any material change in the administration of the Purchased Receivables, except in accordance with the TMM Credit and Collection Policies then in effect and will not amend or consent to the amendment of the TMM Credit and Collection Policies except as set forth on SCHEDULE 2 hereto.
Change in Credit and Collection Policies. Make or consent to any change in, or waive any of the provisions of, the Credit and Collection Policies in a manner that could be adverse to the interests of the Credit Parties, without the prior written consent of the Administrative Agent and the Required Lenders.
AutoNDA by SimpleDocs
Change in Credit and Collection Policies. Such Seller will not make or permit to be made any change in its Policies in any material respect that is materially adverse to the interests of the Company or its assigns (including the Trustee and the Investor Certificateholders).
Change in Credit and Collection Policies. Immediately upon becoming aware thereof, notice of any material change or proposed material change in the character of any Originator's business or in any Originator's Credit and Collection Policy, and the Purchaser shall promptly after its receipt of any such notice forward a copy of such notice (or otherwise give notice of its receipt of such notice) to each of the rating agencies then rating its Commercial Paper Notes.
Change in Credit and Collection Policies. It will not make any change in the Credit and Collection Policies without the prior written consent of the Administrative Agent except, in either case, for any such change (i) that would not (A) impair the collectibility of the Acquired Receivable in any material respect, (B) otherwise have a Material Adverse Effect or (C) adversely affect in any material respect the interests or remedies of the Buyer (or its assignees), or (ii) as required by applicable Law.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!