Common use of Credit Guidelines and Collection Guidelines Clause in Contracts

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, in whole or in part, the Credit Guidelines or Collection Guidelines, which change would materially impair the collectability of any Loan or Contract and materially adversely affect the interests or the remedies of the Trust Collateral Agent or the Trust under this Agreement or any other Basic Document, without the prior written consent of the Trust Collateral Agent with the consent of the Majority Noteholders, except if such change was made to comply with Applicable Laws.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, in whole or in part, the Credit Guidelines or Collection Guidelines, which change would materially impair the collectability collectibility of any Loan or Contract and or otherwise materially adversely affect the interests or the remedies of the Trust Collateral Agent or the Trust under this Agreement or any other Basic Document, without the prior written consent of the Trust Collateral Agent with the consent of the Majority Noteholders, except if such change was made to comply with Applicable Laws.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, replace in whole or in part, any material way the Credit Guidelines or the Collection Guidelines, which change would materially impair the collectability of any Loan or Contract and materially or otherwise adversely affect the interests or the remedies of the Trust Deal Agent, the Collateral Agent or the Trust Secured Parties under this Agreement or any other Basic Transaction Document, without the prior written consent of the Trust Collateral Deal Agent (acting at the direction, or with the consent consent, of the Majority NoteholdersRequired Lenders), except if such change was made to comply with or unless required by Applicable LawsLaw.

Credit Guidelines and Collection Guidelines. The initial Servicer will not amend, modify, restate or replace, replace in whole or in part, any material way the Credit Guidelines or the Collection Guidelines, which change would materially impair the collectability of any Loan or Contract and materially or otherwise adversely affect the interests or the remedies of the Trust Deal Agent, Collateral Agent or the Trust Secured Parties under this Agreement or any other Basic Transaction Document, without the prior written consent of each Lender in the Trust Collateral Agent with case of the Credit Guidelines or without the prior written consent of the Majority NoteholdersDeal Agent and the Required Lenders with respect to the Collection Guidelines, except if such change was made to comply with in each case unless required by Applicable LawsLaw.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, replace in whole or in part, any material way the Credit Guidelines or the Collection Guidelines, which change would materially impair the collectability collectibility of any Loan or Contract and materially or otherwise adversely affect the interests or the remedies of the Trust Deal Agent, Collateral Agent or the Trust Secured Parties under this Agreement or any other Basic Transaction Document, without the prior written consent of the Trust Collateral Liquidity Agent with for each Purchaser Group in the case of the Credit Guidelines or without the prior written consent of the Majority Noteholders, except if such change was made Deal Agent and each Liquidity Agent with respect to comply with Applicable Lawsthe Collection Guidelines.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, replace in whole or in part, any material way the Credit Guidelines or the Collection Guidelines, which change would materially impair the collectability collectibility of any Loan or Contract and materially or otherwise adversely affect the interests or the remedies of the Trust Deal Agent, the Collateral Agent or the Trust Secured Parties under this Agreement or any other Basic Transaction Document, without the prior written consent of the Trust Collateral Deal Agent with the consent of the Majority Noteholders, except if such change was made to comply with or unless required by Applicable LawsLaw.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, in whole or in part, the Credit Guidelines or Collection Guidelines, which change would materially impair the collectability collectibility of any Loan or Contract and or otherwise materially adversely affect the interests or the remedies of the Trust Collateral Agent or the Trust under this Agreement or any other Basic Document, without the prior written consent of the Trust Collateral Agent with the consent of and the Majority Noteholders, except if such change was made to comply with Applicable Laws.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, replace in whole or in part, any material way the Credit Guidelines or the Collection Guidelines, which change would materially impair the collectability collectibility of any Loan or Contract and materially or otherwise adversely affect the interests or the remedies of the Trust Deal Agent, the Collateral Agent or the Trust Secured Parties under this Agreement or any other Basic Transaction Document, without the prior written consent of the Trust Collateral Agent with the consent of the Majority Noteholders, except if such change was made to comply with Applicable LawsDeal Agent.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, in whole or in part, the Credit Guidelines or Collection Guidelines, which change would materially impair the collectability collectibility of any Dealer Loan or Contract and or otherwise materially adversely affect the interests or the remedies of the Trust Collateral Agent Agent, the Trust, the Class A Insurer or the Trust Backup Insurer under this Agreement or any other Basic Document, without the prior written consent of the Trust Collateral Agent with and the consent of the Majority Noteholders, except if such change was made to comply with Applicable LawsControlling Party.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, in whole or in part, the Credit Guidelines or Collection Guidelines, which change would materially impair the collectability collectibility of any Loan or Contract and materially or otherwise adversely affect the interests or the remedies of the Trust Deal Agent, Collateral Agent or the Trust Secured Parties under this Agreement or any other Basic Transaction Document, without the prior written consent of the Trust Collateral Agent with the consent of the Majority Noteholders, except if such change was made to comply with Applicable LawsDeal Agent.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, replace in whole or in part, any material way the Credit Guidelines or the Collection Guidelines, which change would materially impair the collectability collectibility of any Loan or Contract and materially or otherwise adversely affect the interests or the remedies of the Trust Deal Agent, Collateral Agent or the Trust Secured Parties under this Agreement or any other Basic Transaction Document, without the prior written consent of the Trust Collateral Agent with the consent of the Majority Noteholders, except if such change was made to comply with Applicable LawsDeal Agent.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, replace in whole or in part, any material way the Credit Guidelines or the Collection Guidelines, which change would materially impair the collectability collectibility of any Loan or Contract and materially or otherwise adversely affect the interests or the remedies of the Trust Deal Agent, Collateral Agent or the Trust Secured Parties under this Agreement or any other Basic Transaction Document, without the prior written consent of the Trust Collateral Liquidity Agent with for each of the VFCC Purchaser Group and the PARCO Purchaser Group in the case of the Credit Guidelines or without the prior written consent of the Majority Noteholders, except if such change was made Deal Agent and each Liquidity Agent with respect to comply with Applicable Lawsthe Collection Guidelines.

Credit Guidelines and Collection Guidelines. The Servicer will not amend, modify, restate or replace, in whole or in part, the Credit Guidelines or Collection Guidelines, which change would materially impair the collectability collectibility of any Dealer Loan or Contract and or otherwise materially adversely affect the interests or the remedies of the Trust Collateral Agent Agent, the Trust or the Trust Class A Insurer under this Agreement or any other Basic Document, without the prior written consent of the Trust Collateral Agent with and the consent of the Majority Noteholders, except if such change was made to comply with Applicable LawsClass A Insurer.