Common use of Collection Guidelines Clause in Contracts

Collection Guidelines. As long as it is the Servicer, CAC will comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract.

Appears in 25 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

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Collection Guidelines. As long as it is the Servicer, CAC will (A) comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract, and (B) furnish to Funding prompt notice of any material change in the Collection Guidelines and deliver a copy of such changes to Funding quarterly.

Appears in 9 contracts

Samples: Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Collection Guidelines. As long as it is the Servicer, CAC will (A) comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Dealer Loan and Contract, and (B) furnish to Funding prompt notice of any material change in the Collection Guidelines and deliver a copy of such changes to Funding quarterly.

Appears in 5 contracts

Samples: Contribution Agreement (Credit Acceptance Corporation), Contribution Agreement (Credit Acceptance Corporation), Contribution Agreement (Credit Acceptance Corporation)

Collection Guidelines. As long as it is the Servicer, CAC will (A) comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract, and (B) furnish to Funding prompt notice of any material change in the Collection Guidelines.

Appears in 4 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Collection Guidelines. As long as it is the Servicer, CAC will comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract.

Appears in 4 contracts

Samples: Contribution Agreement, Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)

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Collection Guidelines. As long as it is the ServicerServicer or otherwise acting in respect of a Loan or Contract, CAC will (A) comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract, and (B) furnish to Funding prompt notice of any material change in the Collection Guidelines and deliver a copy of such changes to Funding quarterly.

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corporation)

Collection Guidelines. As long as it is the Servicer, CAC will (A) comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract, and (B) furnish to Funding prompt notice of any material change in and the Deal Agent the Collection Guidelines and deliver a copy of such changes to Funding quarterly upon written request therefor in accordance with the Loan and Security Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corp)

Collection Guidelines. As long as it is the Servicer, CAC will (A) comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Dealer Loan and Contract, and (B) furnish to Funding quarterly, prompt notice of any change in the Collection Guidelines and will deliver a copy of such changes to Funding, quarterly.

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corporation)

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