Common use of Compromise of Collateral Clause in Contracts

Compromise of Collateral. Debtor will not and will not permit any Servicing Agent to adjust, settle, compromise, amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and in the ordinary course of business and in accordance with the Servicing Agreement; provided, however, this exception shall terminate following written notice from Lender upon the occurrence and during the continuation of a Default. Debtor shall provide to Lender such information concerning (i) any adjustment, settlement, compromise, amendment or modification of any Collateral Loan, and (ii) any claim asserted by any Collateral Loan Obligor for credit, allowance, adjustment, dispute, setoff or counterclaim, as Lender may reasonably request from time to time.

Compromise of Collateral. Debtor will not and (or will not permit any Servicing Agent to Person to) adjust, settle, compromise, amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and in the ordinary course of business and in accordance with the Servicing Agreementbusiness; provided, however, this exception shall terminate following written notice from Lender upon the occurrence and during the continuation of a an Event of Default. Debtor shall provide to Lender such information concerning (i) any adjustment, settlement, compromise, amendment or modification of any Collateral LoanCollateral, and (ii) any claim asserted by any Collateral Loan Obligor account debtor for credit, allowance, adjustment, dispute, setoff or counterclaim, as Lender may reasonably request from time to time.

Compromise of Collateral. Debtor Borrower will not and (or will not permit any Servicing Agent to Person to) adjust, settle, compromise, amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and in the ordinary course of business and in accordance with the Servicing Agreementbusiness; provided, however, this exception shall terminate following written notice from Lender Credit Union upon the occurrence and during the continuation of a an Event of Default. Debtor Borrower shall provide to Lender Credit Union such information concerning (i) any adjustment, settlement, compromise, amendment or modification of any Collateral LoanCollateral, and (ii) any claim asserted by any Collateral Loan Obligor account debtor for credit, allowance, adjustment, dispute, setoff or counterclaim, as Lender Credit Union may reasonably request from time to time..    

Compromise of Collateral. Debtor will not and will not permit any Servicing Agent Seller to adjust, settle, compromise, amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and in the ordinary course of business and in accordance with the Servicing AgreementStandards; provided, however, this exception shall terminate following written notice from Lender upon the occurrence and during the continuation of a an Event of Default. Debtor shall provide to Lender such information concerning concerning: (i) any adjustment, settlement, compromise, amendment or modification of any Collateral Loan, Collateral; and (ii) any claim asserted by any Collateral Loan Obligor account debtor for credit, allowance, adjustment, dispute, setoff or counterclaim, as Lender may reasonably request from time to time.

Compromise of Collateral. Debtor Borrower will not and (or will not permit any Servicing Agent to Person to) adjust, settle, compromise, amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and in the ordinary course of business and in accordance with the Servicing Agreementbusiness; provided, however, this exception shall terminate following written notice from Lender Credit Union upon the occurrence and during the continuation of a an Event of Default. Debtor Borrower shall provide to Lender Credit Union such information concerning (i) any adjustment, settlement, compromise, amendment or modification of any Collateral LoanCollateral, and (ii) any claim asserted by any Collateral Loan Obligor account debtor for credit, allowance, adjustment, dispute, setoff or counterclaim, as Lender Credit Union may reasonably request from time to time.