Common use of Changes to Credit and Collection Policy Clause in Contracts

Changes to Credit and Collection Policy. It has complied in all material respects with the Credit and Collection Policy with regard to each Receivable originated by it and the related Contract. It has not made any change in the Credit and Collection Policy that would (i) impair the collectability of any Receivables in any material respect or (ii) otherwise be reasonably likely to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ferguson PLC), Purchase and Contribution Agreement (Ferguson PLC)

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Changes to Credit and Collection Policy. It has complied in all material respects with the Credit and Collection Policy with regard to each Receivable originated by it and the related Contract. It has not made any change in the Credit any credit and Collection Policy collection policy that would (i) impair the collectability of any Receivables in any material respect or (ii) otherwise be reasonably likely to have a Material Adverse Effect;

Appears in 1 contract

Samples: Receivables Purchase Agreement (Phillips 66)

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Changes to Credit and Collection Policy. It has complied in all material respects with the Credit and Collection Policy with regard to each Receivable originated by it and the related Contract. It has not made any change in the Credit and Collection Policy that would (i) impair the collectability of any Receivables in any material respect or (ii) otherwise be reasonably likely to have a Material Adverse Effect;

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Phillips 66)

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