Common use of Change in Credit and Collection Policy Clause in Contracts

Change in Credit and Collection Policy. Except to the extent required by Applicable Law (in which case the Borrower shall give prompt written notice thereof to the Administrative Agent and each Group Agent), the Borrower will not make any change to the Credit and Collection Policy that would reasonably be expected to have a Material Adverse Effect without the prior written consent of the Administrative Agent and the Majority Group Agents. Promptly following any material change in the Credit and Collection Policy, the Borrower will deliver a copy of the updated Credit and Collection Policy identifying such material change to the Administrative Agent and each Group Agent.

Appears in 4 contracts

Samples: Receivables Financing Agreement, Receivables Financing Agreement (NCR Corp), Receivables Financing Agreement (NCR Corp)

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Change in Credit and Collection Policy. Except to the extent required by Applicable Law (in which case the Borrower shall give prompt written notice thereof to the Administrative Agent and each Group Agent), the Borrower The Servicer will not make any material change to in the Credit and Collection Policy that would could reasonably be expected to have a Material Adverse Effect materially adversely affect the collectability of the Receivables, the credit quality of any Receivable, or its ability to perform its obligations under the Transaction Documents without the prior written consent of the Administrative Agent and the Majority Group Agents, which consent shall not be unreasonably withheld, conditioned or delayed. Promptly following any material change in the Credit and Collection Policy, the Borrower Servicer will deliver a copy of the updated Credit and Collection Policy identifying such material change to the Administrative Agent and each Group Agent.

Appears in 4 contracts

Samples: Receivables Financing Agreement (DCP Midstream, LP), Receivables Financing Agreement (DCP Midstream, LP), Receivables Financing Agreement (DCP Midstream, LP)

Change in Credit and Collection Policy. Except to the extent required by Applicable Law (in which case the Borrower each Servicers shall give prompt written notice thereof to the Administrative Agent and each Group Agent), the Borrower Servicers will not make any change to the Credit and Collection Policy that would reasonably be expected to have a Material Adverse Effect without the prior written consent of the Administrative Agent and the Majority Group Agents. Promptly following any material change in the Credit and Collection Policy, the Borrower Servicers will deliver a copy of the updated Credit and Collection Policy identifying such material change to the Administrative Agent and each Group Agent.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (NCR Atleos Corp), Receivables Purchase Agreement (NCR Corp), Receivables Purchase Agreement (NCR Corp)

Change in Credit and Collection Policy. Except to the extent required by Applicable Law (in which case the Borrower Servicer shall give prompt written notice thereof to the Administrative Agent and each Group Agent), the Borrower Servicer will not make any change to the Credit and Collection Policy that would reasonably be expected to have a Material Adverse Effect without the prior written consent of the Administrative Agent and the Majority Group Agents. Promptly following any material change in the Credit and Collection Policy, the Borrower Servicer will deliver a copy of the updated Credit and Collection Policy identifying such material change to the Administrative Agent and each Group Agent.

Appears in 2 contracts

Samples: Receivables Financing Agreement (NCR Corp), Receivables Financing Agreement (NCR Corp)

Change in Credit and Collection Policy. Except to the extent as required by Applicable Law (in which case the Borrower shall give prompt written notice thereof to the Administrative Agent and each Group Agent)Law, the Borrower Servicer will not make any change to in the Credit and Collection Policy that would could reasonably be expected to have adversely affect the value, validity, collectability or enforceability of the Receivables or decrease the credit quality of any newly created Receivables (in each case, 751200428 16518096 taken as a Material Adverse Effect whole) without the prior written consent of the Administrative Agent and the Majority Group Agents. Promptly following any material change in the Credit and Collection Policy, the Borrower Servicer will deliver a copy of the updated Credit and Collection Policy identifying such material change to the Administrative Agent and each Group Agent.

Appears in 1 contract

Samples: Receivables Purchase Agreement (DXC Technology Co)

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Change in Credit and Collection Policy. Except to the extent as required by Applicable Law (in which case the Borrower shall give prompt written notice thereof to the Administrative Agent and each Group Agent)Law, the Borrower Servicer will not make any change to in the Credit and Collection Policy that would could reasonably be expected to have 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 Material Adverse Effect whole) without the prior written consent of the Administrative Agent and the Majority Group Agents. Promptly following any material change in the Credit and Collection Policy, the Borrower Servicer will deliver a copy of the updated Credit and Collection Policy identifying such material change to the Administrative Agent and each Group Agent.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Computer Sciences Corp)

Change in Credit and Collection Policy. Except to the extent required by Applicable Law (in which case the Borrower each Servicers shall give prompt written notice thereof to the Administrative Agent and each Group Agent), the Borrower Servicers will not make any change to the Credit and Collection Policy that would reasonably be expected to have a Material Adverse Effect without the prior written consent of the Administrative Agent and the Majority Group Agents. Promptly 742583266 14453710 following any material change in the Credit and Collection Policy, the Borrower Servicers will deliver a copy of the updated Credit and Collection Policy identifying such material change to the Administrative Agent and each Group Agent.

Appears in 1 contract

Samples: Receivables Purchase Agreement (NCR Corp)

Change in Credit and Collection Policy. Except to the extent required by Applicable Law (in which case the Borrower Servicer shall give prompt written notice thereof to the Administrative Agent and each Group Agent), the Borrower Servicer will not make any change to the Credit and Collection Policy that would reasonably be expected to have a Material Adverse Effect without the prior written consent of the Administrative Agent and the Majority Group Agents. Promptly following any material change in the Credit and Collection Policy, the Borrower Servicer will deliver a copy of the updated Credit and Collection Policy identifying such material change to the Administrative Agent and each Group Agent.Agent (i)

Appears in 1 contract

Samples: Receivables Financing Agreement

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