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

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could be reasonably expected to impair the collectability of the Pool Receivables without the prior written consent of the Administrative Agent and the Majority Purchasers. Promptly following any change in the Credit and Collection Policy, the Seller will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each Purchaser.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Centric Brands Inc.), Receivables Purchase Agreement (Centric Brands Inc.), Receivables Purchase Agreement (Centric Brands Inc.)

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Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could would reasonably be reasonably expected to impair materially and adversely impact the collectability validity, enforceability, value or collectibility of any material portion of the Pool Receivables Receivables, without the prior written consent of the Administrative Agent and the Majority Purchasers, other than any such material changes required by applicable Law. Promptly following any change in the Credit and Collection Policy, the Seller or Master Servicer will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each Purchaser.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could be reasonably expected to impair the collectability of the Pool Receivables without the prior written consent of the Administrative Agent and the Majority Required Purchasers. Promptly following any change in the Credit and Collection Policy, the Seller will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each PurchaserAgent.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Kinetik Holdings Inc.), Receivables Purchase Agreement (Mativ Holdings, Inc.)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could be reasonably expected to impair the collectability of the Pool Receivables without the prior written consent of the Administrative Agent and the Majority PurchasersInvestors (not to be unreasonably withheld or delayed). Promptly following any material change in the Credit and Collection Policy, the Seller will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each PurchaserAgent.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Audacy, Inc.), Receivables Purchase Agreement (Audacy, Inc.)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could reasonably be reasonably expected to impair adversely affect in any material respect the value, validity, collectability or enforceability of the Pool Receivables or decrease the credit quality of the Receivables (in each case, taken as a whole) without the prior written consent of the Administrative Agent and the Majority Required Purchasers. Promptly following any change in the Credit and Collection Policy, the Seller will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each Purchaser.

Appears in 1 contract

Samples: 756399172 Receivables Purchase Agreement (Rackspace Technology, Inc.)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could would reasonably be reasonably expected to impair materially and adversely impact the collectability validity, enforceability, value or collectibility of any material portion of the Pool Receivables Receivables, without the prior written consent of the Administrative Agent and the Majority Purchasers. Promptly following any change in the Credit and Collection Policy, the Seller or Master Servicer will deliver a copy of the updated Credit and Collection Policy and a summary of all changes to the Administrative Agent and each Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ortho Clinical Diagnostics Holdings PLC)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could be reasonably expected to impair the collectability of the Pool Receivables without the prior written consent of the Administrative Agent and the Majority PurchasersAgent. Promptly following any change in the Credit and Collection Policy, the Seller will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Harsco Corp)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could would reasonably be reasonably expected to impair materially and adversely impact the collectability validity, enforceability, value or collectibility of any material portion of the Pool Receivables Receivables, without the prior written consent of the Administrative Agent and the Majority Purchasers, other than any such material changes required by applicable Law. Promptly following any change in the Credit and Collection Policy, the Seller or Master Servicer will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each Purchaser.. 77

Appears in 1 contract

Samples: Receivables Purchase Agreement (Nabors Industries LTD)

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Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy (including changes that could be reasonably expected would materially increase the Contractual Dilution with respect to impair the collectability of the Pool Receivables Receivables) without the prior written consent of the Administrative Agent and the Majority Purchasers. Promptly following any change in the Credit and Collection Policy, the Seller or Master Servicer will deliver a copy of the updated Credit and Collection Policy and a summary of all changes to the Administrative Agent and each PurchaserXxxxxxxxx.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Wolverine World Wide Inc /De/)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could would reasonably be reasonably expected to impair materially and adversely impact the validity, enforceability, value or collectability of any material portion of the Pool Receivables Receivables, without the prior written consent of the Administrative Agent and the Majority PurchasersPurchaser. Promptly following any change in the Credit and Collection Policy, the Seller (or the Master Servicer on its behalf) will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (StarTek, Inc.)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could be reasonably expected to impair the collectability of the Pool Receivables Policy, without the prior written consent of the Administrative Agent and the Majority PurchasersAgent. Promptly following any change in the Credit and Collection Policy, the Seller will deliver a copy of the updated Credit and Collection Policy to the Buyer, the Administrative Agent and each PurchaserGroup Agent.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exact Sciences Corp)

Change in Credit and Collection Policy. The Seller will not make any material change in the Credit and Collection Policy that could be reasonably expected to impair the collectability of the Pool Receivables without the prior written consent of the Administrative Agent and the Majority PurchasersGroup Agents. Promptly following any material change in the Credit and Collection Policy, the Seller will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each PurchaserAgent.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Synchronoss Technologies Inc)

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