Common use of Changes in Payment Instructions to Obligors Clause in Contracts

Changes in Payment Instructions to Obligors. The Seller will not add or terminate any bank as a Lock-Box Bank or any Lock-Box Account from those listed in Schedule II or make any change, or permit Servicer to make any change, in its instructions to Obligors regarding payments representing Collections to be made to Seller or Servicer or payments representing Collections to be made to any Lock-Box Bank, unless the Administrative Agent has consented to such addition, termination or change (which consent shall not be unreasonably withheld) and has received duly executed copies of Lock-Box Agreements with each new Lock-Box Bank or with respect to each new Lock-Box Account, as the case may be.

Changes in Payment Instructions to Obligors. The Seller will not add or terminate any bank as a Lock-Box Bank or any Lock-Box Account from those listed in Schedule II or make any change, or permit Servicer to make any change, in its instructions to Obligors regarding payments representing Collections to be made to Seller or Servicer or payments representing Collections to be made to any Lock-Box Bank, unless the Administrative Agent has consented to such addition, termination or change (which consent shall not be unreasonably withheld) and has received duly executed copies of Lock-Box Agreements with each new Lock-Box Bank or with respect to each new Lock-Box Account, as the case may be.

Changes in Payment Instructions to Obligors. The Seller will not add or terminate any bank as a Lock-–Box Bank or any Lock-–Box Account from those listed in Schedule II or make any change, or permit the Servicer to make any change, in its instructions to Obligors regarding payments representing Collections to be made to Seller or Servicer or payments representing Collections to be made to any Lock-–Box Bank, unless the Buyer, the Administrative Agent has and each Purchaser Agent have consented to such addition, termination or change (which consent shall not be unreasonably withheld) and has received duly executed copies of Lock-–Box Agreements with each new Lock-–Box Bank or with respect to each new Lock-–Box Account, as the case may be.

Changes in Payment Instructions to Obligors. The Seller will not add or terminate any bank as a Lock-–Box Bank or any Lock-–Box Account from those listed in Schedule II or make any change, or permit the Buyer or Servicer to make any change, in its instructions to Obligors regarding payments representing Collections to be made to the Seller or Servicer or payments representing Collections to be made to any Lock-–Box Bank, unless the Buyer and the Administrative Agent has have consented to such addition, termination or change (which consent shall not be unreasonably withheld) and has received duly executed copies of Lock-–Box Agreements with each new Lock-–Box Bank or with respect to each new Lock-–Box Account, as the case may be.