Change in Credit and Collection Policy or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment could reasonably be expected to adversely affect the value, validity, collectability or enforceability of the Pool Receivables or decrease the credit quality of any newly created Pool Receivables (in each case, taken as a whole), requesting the Collateral Agent’s, each Administrative Agent’s and each Purchaser Agent’s consent thereto.
Change in Credit and Collection Policy or Business. (i) Make or consent to any change in the Credit and Collection Policies if such proposed change or amendment could be reasonably be expected to adversely affect the value, validity, collectability or enforceability of, the Receivables or decrease the credit quality of any newly created Receivables (in each case, taken as a whole) or (ii) make a change in the character of its business that would have or could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, in either case, without the prior written consent of its Related SPE, the Collateral Agent, each Administrative Agent and each Purchaser Agent. Without limiting the foregoing, it shall not make any change to the Lease Upgrade Program that would eliminate or impair any third party beneficiary rights of an assignee, including the right of such assignee to enforce any Originator’s or Sprint Party’s payment obligation under any Lease Upgrade Program, affect the application of Obligor payments upon a Lease Upgrade Election or impair the ability of it or its Affiliates to terminate the Lease Upgrade Program. No Originator shall directly or indirectly amend, supplement or modify the Key Lease Upgrade Provisions, in each case, without the prior written consent of each Administrative Agent.
Change in Credit and Collection Policy or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment could reasonably be expected to materially and adversely affect the collectability of the Pool Receivables or decrease the credit quality of any newly created Pool Receivables, requesting the Administrative Agent’s and the Majority Group Agent’s consent thereto and (ii) any change in the character of the Borrower’s business, a written notice indicating such change and requesting the Administrative Agent’s and the Majority Group Agent’s consent thereto.
Change in Credit and Collection Policy or Business. Prior to (i) the effectiveness of any change in or amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment, and (B) if such proposed change or amendment could reasonably be expected to adversely affect the value, validity, collectability, or enforceability of the Pool Receivables or decrease the credit quality of any Pool Receivables or otherwise give rise to a Material Adverse Effect, requesting the Collateral Agent’s, the Administrative Agent’s and each Purchaser Agent’s consent thereto.
Change in Credit and Collection Policy or Business. (i) Make or consent to any change or amendment to the Credit and Collection Policy if such proposed change or amendment could reasonably be expected to adversely affect the value, validity, collectability or enforceability of any Transferred Receivables or the Related Assets or decrease the credit quality of any Transferred Receivables or the Related Assets, or otherwise give rise to a Material Adverse Effect without (x) the prior written consent of the Collateral Agent, the Administrative Agent and each Purchaser Agent or (y) in the case of any such change or amendment that is required by Law, upon delivery to the Collateral Agent and the Administrative Agent of a certificate of a Responsible Officer of ADT which certifies that, based upon advice of reputable counsel, such change or amendment is required to be made as a result of a change in Law or (ii) make any change in the character of its business or amend or otherwise modify its Constituent Documents in any respect without the prior written consent of the Collateral Agent, the Administrative Agent and the Required Purchasers.
Change in Credit and Collection Policy or Business. Lessees shall not (i) make or consent to any change or amendment to the Credit and Collection Policy, other than for the avoidance of doubt, any changes or amendments made by Servicer in accordance with the Servicing Agreement and (ii) make any change in the character of their business.
Change in Credit and Collection Policy or Business. (i) Make or consent to any change in the Credit and Collection Policies if such proposed change or amendment could be reasonably be expected to adversely affect the value, validity, collectability or enforceability of, the Receivables or decrease the credit quality of any newly created Receivables (in each case, taken as a whole) or (ii) make a change in the character of its business that would have or could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, in either case, without the prior written consent of its Related SPE, the Collateral Agent, each Administrative Agent and each Purchaser Agent.
Change in Credit and Collection Policy or Business. At least ten (10) days prior to (i) the effectiveness of any change (other than any change or amendment that is required under GAAP) in the Credit and Collection Policy that would be reasonably likely to materially and adversely affect the collectability of the Pool Receivables or the credit quality of any newly created Pool Receivables, a description of such change or, if available, a copy of the Credit and Collection Policy so proposed to be amended or changed and, requesting the Administrative Agent’s consent thereto and (ii) any change in the character of the Servicer’s business that has or could reasonably be expected to materially and adversely affect the ability of the Servicer to perform its obligations hereunder or that would prevent the Servicer from conducting its business operations relating to the Pool Receivables, its servicing of the Pool Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents to which it is a party, a written notice indicating such change and requesting the Administrative Agent’s and the Majority Group Agent’s consent thereto.
Change in Credit and Collection Policy or Business. PRIOR TO (I) THE EFFECTIVENESS OF ANY CHANGE IN OR AMENDMENT TO THE CREDIT AND COLLECTION POLICY, A DESCRIPTION OR, IF AVAILABLE, A COPY OF THE CREDIT AND COLLECTION POLICY THEN IN EFFECT AND A WRITTEN NOTICE (A) INDICATING SUCH CHANGE OR AMENDMENT, AND (B) IF SUCH PROPOSED CHANGE OR AMENDMENT COULD REASONABLY BE EXPECTED TO ADVERSELY AFFECT THE VALUE, VALIDITY, COLLECTABILITY, OR ENFORCEABILITY OF THE POOL RECEIVABLES OR DECREASE THE CREDIT QUALITY OF ANY POOL RECEIVABLES OR OTHERWISE GIVE RISE TO A MATERIAL ADVERSE EFFECT, REQUESTING THE COLLATERAL AGENT’S, THE SK 28677 0004 8494650 v112 ADMINISTRATIVE AGENT’S AND EACH PURCHASER AGENT’S CONSENT THERETO.
Change in Credit and Collection Policy or Business. (I) MAKE OR CONSENT TO ANY CHANGE OR AMENDMENT TO THE CREDIT AND COLLECTION POLICY IF SUCH PROPOSED CHANGE OR AMENDMENT COULD REASONABLY BE EXPECTED TO ADVERSELY AFFECT THE VALUE, VALIDITY, COLLECTABILITY, OR ENFORCEABILITY OF ANY POOL RECEIVABLE OR THE RELATED ASSETS OR DECREASE THE CREDIT QUALITY OF ANY POOL RECEIVABLES OR THE RELATED ASSETS, OR OTHERWISE GIVE RISE TO A MATERIAL ADVERSE EFFECT, WITHOUT (X) THE PRIOR WRITTEN CONSENT OF THE COLLATERAL AGENT, THE ADMINISTRATIVE AGENT AND EACH PURCHASER AGENT OR (Y) IN THE CASE OF ANY SUCH CHANGE OR AMENDMENT REQUIRED BY LAW, UPON DELIVERY TO THE COLLATERAL AGENT AND THE ADMINISTRATIVE AGENT OF A CERTIFICATE OF A RESPONSIBLE OFFICER OF ADT WHICH CERTIFIES, THAT BASED UPON ADVICE OF REPUTABLE COUNSEL, SUCH CHANGE OR AMENDMENT IS REQUIRED TO BE MADE AS A RESULT OF A CHANGE IN LAW, OR (II) MAKE A CHANGE IN THE CHARACTER OF ITS BUSINESS THAT COULD, INDIVIDUALLY OR IN THE AGGREGATE, REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT, WITHOUT THE PRIOR WRITTEN CONSENT OF THE COLLATERAL AGENT, THE ADMINISTRATIVE AGENT, AND THE REQUIRED PURCHASERS.
