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 4 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 Except as required by Applicable Law, the Seller will not make any material change in the Credit and Collection Policy that could reasonably be reasonably expected to impair adversely affect the value, validity, collectability or enforceability of the Pool Receivables or decrease the credit quality of any newly created Receivables (in each case, taken as a whole) without the prior written consent of the Administrative Agent and the Majority PurchasersGroup Agents. 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 (DXC Technology Co), Receivables Purchase Agreement (Computer 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 PurchasersRequired Purchasers (each not to be unreasonably withheld, conditioned or delayed) except for any changes that could not reasonably be expected to materially and adversely affect the collectability, value or enforceability of the Pool Receivables (taken as a whole)). 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 (Vestis 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 Agent, except for any changes that could not reasonably be expected to materially and adversely affect the Majority Purchasers. Promptly following any change in the Credit and Collection Policycollectibility, the Seller will deliver a copy value or enforceability of the updated Credit and Collection Policy to the Administrative Agent and each PurchaserPool Receivables, taken as a whole.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Centuri Holdings, 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 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 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: 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)

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