Common use of Collection Efforts, Modification of Collateral Clause in Contracts

Collection Efforts, Modification of Collateral. The Servicer will use commercially reasonable efforts to collect, or cause to be collected, all payments called for under the terms and provisions of the Receivables included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy and the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that would impair the collectibility of the Collateral or in any manner contrary to the Credit and Collection Policy and the Servicing Standard.

Appears in 7 contracts

Samples: Credit Agreement (CLST Holdings, Inc.), Revolving Credit Agreement (CLST Holdings, Inc.), Revolving Credit Agreement (Sparta Commercial Services, Inc.)

AutoNDA by SimpleDocs

Collection Efforts, Modification of Collateral. The Servicer will use commercially its reasonable best efforts to collect, or cause to be collected, collect all payments called for under the terms and provisions of the Receivables Assets included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy Policy, and the Servicing Standardwill follow those collection procedures that it follows with respect to all comparable Collateral that it services for itself or others. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that that, in its reasonable judgment, would impair the collectibility of the Collateral or in any manner contrary to the Credit and Collection Policy and the Servicing StandardPolicy.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Collection Efforts, Modification of Collateral. The Servicer will use commercially its reasonable best efforts to collect, or cause to be collected, collect all payments called for under the terms and provisions of the Receivables Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy Policy, and the Servicing Standardwill follow those collection procedures that it follows with respect to all comparable Collateral that it services for itself or others. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that that, in its reasonable judgment, would impair the collectibility of the Collateral or in any manner contrary to the Credit and Collection Policy and the Servicing StandardPolicy.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Collection Efforts, Modification of Collateral. The Servicer will use commercially reasonable efforts to collect, or cause to be collected, all payments called for under the terms and provisions of the Receivables Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy and the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that would impair the collectibility of the Collateral or in any manner contrary to the Credit and Collection Policy and the Servicing Standard.

Appears in 3 contracts

Samples: Revolving Credit Agreement (NewStar Financial, Inc.), Revolving Credit Agreement (NewStar Financial, Inc.), Revolving Credit Agreement (NewStar Financial, Inc.)

Collection Efforts, Modification of Collateral. The Servicer will use its commercially reasonable efforts efforts, on behalf of the Borrower, to collect, collect or cause to be collected, collected all payments called for under the terms and provisions of the Receivables Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy and the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that would impair the collectibility collectability of the Collateral or in any manner contrary to the Credit and Collection Policy and the Servicing Standard.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Collection Efforts, Modification of Collateral. The Servicer will use commercially its reasonable best efforts to collect, or cause to be collected, collect all payments called for under the terms and provisions of the Receivables included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy Policy, and the Servicing Standardwill follow those collection procedures that it follows with respect to all comparable Collateral that it services for itself or others. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that that, in its reasonable judgment, would impair the collectibility of the Collateral or in any manner contrary to the Credit and Collection Policy and the Servicing StandardPolicy.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Collection Efforts, Modification of Collateral. The Servicer will use commercially reasonable efforts to collect, or cause to be collected, all payments called for under the terms and provisions of the Receivables included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy and the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that would impair without the collectibility prior written consent of the Collateral or in any manner contrary to Borrower, other than waivers, modifications and other variances that are expressly permitted by the Credit and Collection Policy and the Servicing Standardor this Section 6.4.”

Appears in 1 contract

Samples: Credit Agreement (CLST Holdings, Inc.)

AutoNDA by SimpleDocs

Collection Efforts, Modification of Collateral. The Servicer will use commercially reasonable efforts to collect, collect or cause to be collected, all payments called for under the terms and provisions of the Receivables Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy and the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that would impair the collectibility of the Collateral or in any manner contrary to the Credit and Collection Policy and or the Servicing Standard.

Appears in 1 contract

Samples: Credit Agreement (Golub Capital BDC, Inc.)

Collection Efforts, Modification of Collateral. The Servicer will use commercially reasonable its best efforts to collect, collect or cause to be collected, all payments called for under the terms and provisions of the Receivables Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy and the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that would impair the collectibility collectability of the Collateral or in any manner contrary to the Credit and Collection Policy and or the Servicing Standard.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ares Capital Corp)

Collection Efforts, Modification of Collateral. The Servicer will use commercially reasonable its best efforts to collect, collect or cause to be collected, all payments called for under the terms and provisions of the Receivables Loans included in the Collateral as and when the same become due in accordance with the Credit and Collection Policy and the Servicing Standard. The Servicer may not waive, modify or otherwise vary any provision of an item of Collateral in a manner that would impair the collectibility of the Collateral or in any manner contrary to the Credit and Collection Policy and or the Servicing Standard.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ares Capital Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!