Common use of Changes in Payment Instructions Clause in Contracts

Changes in Payment Instructions. The Borrower will not add or make any change, or permit the Servicer to make any change, in its instructions to Obligors regarding payments to be made to the Borrower or the Servicer or payments to be made to the Lockboxes or the Lockbox Account, unless the Administrative Agent has Consented to such change in writing and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agent.

Appears in 6 contracts

Samples: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)

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Changes in Payment Instructions. The Borrower will not add or make any change, or permit the Servicer to make any change, in its instructions to Obligors regarding payments to be made to the Borrower or the Servicer Servicer, other than in accordance with the Credit and Collection Policy, or payments to be made to the Lockboxes Post Office Boxes or the Lockbox Local Bank Account, other than in accordance with the terms of the Intercreditor Agreement and the Intercreditor Party Supplement and unless the Administrative Agent has Consented to such change in writing and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agent.

Appears in 2 contracts

Samples: Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.)

Changes in Payment Instructions. The Borrower will not add or make any change, or permit the Servicer to make any change, in its instructions (i) to Obligors regarding payments to be made to the Borrower or the Servicer or (ii) regarding payments to be made to the Lockboxes or Administrative Agent with respect to the Lockbox AccountCollateral, unless in each case the Administrative Agent has Consented consented to such change in writing and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (DT Acceptance Corp)

Changes in Payment Instructions. The Borrower will not add or make any change, or permit the Servicer to make any change, in its instructions to Obligors regarding payments to be made to the Borrower or the Servicer Servicer, other than in accordance with the Credit and Collection Policy, or payments to be made to the Lockboxes Post Office Boxes or the Lockbox Account, other than in accordance with the terms of the Intercreditor Agreement and the Intercreditor Party Supplement and unless the Administrative Agent has Consented to such change in writing and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agent.

Appears in 1 contract

Samples: Warehouse Agreement (Vroom, Inc.)

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Changes in Payment Instructions. The Borrower will not add or make any change, or permit the Servicer to make any change, in its instructions to Obligors regarding payments to be made to the Borrower or the Servicer or payments to be made to the Lockboxes or the Lockbox Account, unless the Administrative Agent has Consented to such change in writing and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agent.. DB1/ 139452285.4 93 154304283v7 (k)

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

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