Collections Rights. After the Closing Date, and except where provided elsewhere in this Agreement, Purchaser shall have the sole right to make collections with respect to the Accounts to be Sold. Notwithstanding the foregoing, prior to the Conversion Date, Seller shall make collections on the Accounts to be Sold for the Purchaser pursuant to the terms of an Interim Servicing Agreement, if applicable. From the date of this Agreement until the Conversion Date, Seller shall not change Seller’s Policies and Procedures with respect to its collection practices of the Accounts to be Sold except as may be required by Requirements of Law or otherwise as mutually agreed in writing between the parties.
Appears in 5 contracts
Samples: Credit Card Account Purchase Agreement, Credit Card Account Purchase Agreement (Park National Corp /Oh/), Credit Card Account Purchase Agreement (Columbia Bancorp \Or\)
