Contracts and Credit and Collection Policies. The Seller shall take all actions reasonably within its control to comply with and perform its obligations under the Contracts relating to the Receivables and the Credit and Collection Policy except insofar as any failure to comply or perform would not materially and adversely affect the rights of the Buyer. The Seller may change the terms and provisions of the Contracts or the Credit and Collection Policy in any respect (i) if it would not, in the reasonable belief of the Seller, materially impair the collectibility of any Receivable or cause, immediately or with the passage of time, a Pay Out Event to occur and (ii) if such change (A) (if it owns a comparable segment of receivables) is made applicable to the comparable segment of the receivables owned by the Buyer or Seller, if any, which have characteristics the same as, or substantially similar to, the Receivables that are the subject of such change and (B) (if it does not own such a comparable segment of receivables) will not be made with the intent to materially benefit the Seller over the Buyer or to materially adversely affect the Buyer, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller and an unrelated third party or by the terms of the Contracts.
Contracts and Credit and Collection Policies. The Seller shall take all actions reasonably within its control to cause each Originator to comply with and perform its obligations under the Contracts relating to the Receivables and the Credit and Collection Policy except insofar as any failure to comply or perform would not materially and adversely affect the rights of the Buyer. The Seller may change, and permit an Originator to change, the terms and provisions of the Contracts or the Credit and Collection Policy in any respect (i) if it would not, in the reasonable belief of the Seller, materially impair the collectibility of any Receivable or cause, immediately or with the passage of time, a Pay Out Event to occur and (ii) if such change (A) (if it owns a comparable segment of receivables) is made applicable to the comparable segment of the receivables owned by the Seller or such Originator, if any, which have characteristics the same as, or substantially similar to, the Receivables that are the subject of such change and (B) (if it does not own such a comparable segment of receivables) will not be made with the intent to materially benefit the Seller over the Buyer or to materially adversely affect the Buyer, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller and an unrelated third party or by the terms of the Contracts.
Contracts and Credit and Collection Policies. Seller shall comply with and perform its obligations under the Contracts with respect to any Transferred Receivables and the Credit and Collection Policies except it shall not constitute a breach under this clause (i) insofar as any such failure to comply or perform would not adversely affect the rights of Buyer in any material respect. For the avoidance of doubt, in the event that Seller is no longer acting in its capacity as the Sub-Servicer it shall continue to perform the invoicing and billing procedures it would otherwise perform in the ordinary course of its business.
Contracts and Credit and Collection Policies. NBCU Funding shall comply with and perform its obligations under the Contracts with respect to any Transferred Receivables and the Credit and Collection Policies except it shall not constitute a breach under this clause (h) insofar as any such failure to comply or perform would not adversely affect the rights of WCS NBCU Funding in any material respect.
Contracts and Credit and Collection Policies. The Transferor shall take all actions reasonably within its control to cause BTFC to comply with and perform its obligations under the Contracts relating to the Receivables and the Credit and Collection Policy except insofar as any failure to comply or perform would not materially and adversely affect the rights of the Trust or the Certificateholders hereunder or under the Certificates. The Transferor may change, and permit BTFC to change, the terms and provisions of the Contracts or the Credit and Collection Policy in any respect (i) if it would not, in the reasonable belief of the Transferor and BTFC, (A) provide for cancellation rights under the Contracts which would represent a material addition to, or otherwise reasonably would be viewed as being materially more favorable to the Obligor than, those in effect on the Closing Date with respect to Series 1996-1, (B) materially impair the collectibility of the Receivables, or (C) cause, immediately or with the passage of time, a Pay-Out-Event to occur, unless in each case such change is required in order to comply with Requirements of Law, (ii) if the Transferor or BTFC owns a comparable segment of contracts, such change is made applicable to the comparable segment of the contracts owned by the Transferor or BTFC, if any, which have characteristics the same as, or substantially similar to, the Contracts that are the subject of such change, and (iii) if such change is not made with the intent to materially benefit the Transferor or BTFC over the Investor Certificateholders or to materially adversely affect the Investor Certificateholders, except as otherwise restricted by an endorsement, sponsorship, or other agreement between BTFC and an unrelated third party or by the terms of the Contracts. Notwithstanding the foregoing, the Transferor shall not change, and shall not permit BTFC to change, the payment terms of any Receivable, provided, that BTFC may reduce the balance of individual Receivables from time to time through allowances (including those offered in connection with, or otherwise resulting from, cash out programs) and cancellations, consistent with the Credit and Collection Policies, which reductions shall constitute Dilutions in accordance with subsection 3.8(a).
Contracts and Credit and Collection Policies. The Transferor shall take all actions reasonably within its control to cause each Originator to comply with and perform its obligations under the Contracts relating to the Receivables and the Credit and Collection Policy except insofar as any failure to comply or perform would not materially and adversely affect the rights of the Trust or the Certificateholders hereunder or under the Certificates. The Transferor may change, and permit an Originator to change, the terms and provisions of the Contracts or the Credit and Collection Policy in any respect (i) if it would not, in the reasonable belief of the Transferor, materially impair the collectibility of any Receivable or cause, immediately or with the passage of time, a Pay Out Event to occur and (ii) if such change (A) (if it owns a comparable segment of receivables) is made applicable to the comparable segment of the receivables owned by the Transferor or such Originator, if any, which have characteristics the same as, or substantially similar to, the Receivables that are the subject of such change and (B) (if it does not own such a comparable segment of receivables) will not be made with the intent to materially benefit the Transferor over the Investor Certificateholders or to materially adversely affect the Investor Certificateholders, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Transferor and an unrelated third party or by the terms of the Contracts.
