Changes to underwriting standards. The Seller agrees that if, during the Revolving Period, it makes any material changes to its underwriting standards it will promptly provide the Issuer and the Security Trustee with details of such changes together with an explanation of the purpose of such changes. The Issuer will notify such changes to investors in accordance with Condition 11 (Notices) without undue delay.
Appears in 6 contracts
Samples: Receivables Purchase Agreement, Servicing Agreement, Receivables Purchase Agreement
Changes to underwriting standards. The Seller agrees that if, during the Revolving Period, it makes any material changes to its underwriting standards it will promptly provide the Issuer Issuer, the Rating Agencies and the Security Trustee with details of such changes together with an explanation of the purpose of such changes. The Issuer will notify such changes to investors in accordance with Condition 11 9 (Notices) without undue delay.
Appears in 3 contracts
Samples: Intertrust Trustees GMBH, Intertrust Trustees GMBH, Intertrust Trustees GMBH
Changes to underwriting standards. The Seller agrees that if, during the Revolving Period, it makes any material changes to its underwriting standards it will promptly provide the Issuer and the Security Trustee with details of such changes together with an explanation of the purpose of such changes. The Issuer will notify such changes to investors in accordance with Condition 11 12 (Notices) without undue delay.
Appears in 2 contracts
Samples: Receivables Purchase Agreement, Repurchase Agreement
Changes to underwriting standards. The Seller agrees that if, during the Revolving Period, it makes any material changes to its underwriting standards it will promptly provide the Issuer and the Security Trustee with details of such changes together with an explanation of the purpose of such changes. The Issuer will notify such changes to investors in accordance with Condition 11 9 (Notices) without undue delay.
Appears in 2 contracts
Samples: Receivables Purchase Agreement, Intertrust Trustees GMBH
Changes to underwriting standards. The Seller agrees that if, during the Revolving Period, Period it makes any material changes to its underwriting standards it will promptly provide the Issuer and the Security Trustee with details of such changes together with an explanation of the purpose of such changes. The Issuer will notify such changes to investors in accordance with Condition 11 12 (Notices) without undue delay.
Appears in 1 contract
Samples: Receivables Purchase Agreement
