Common use of Credit Guidelines Clause in Contracts

Credit Guidelines. The Borrower shall not make any changes in its Credit Guidelines (a copy of which has been previously furnished by the Borrower to the Lenders) without the Lenders’ prior written consent which any of the Lenders may withhold in its sole and absolute discretion. Any updates to the Credit Guidelines shall be submitted to the Agent for approval in accordance with this Section. The Borrower shall not purchase or otherwise acquire contracts which do not comply with the Credit Guidelines.

Appears in 7 contracts

Samples: Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

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Credit Guidelines. The Borrower shall not make any material changes in its Credit Guidelines (a copy of which has been previously furnished by the Borrower to the LendersLender) without the Lenders’ Lender's prior written consent which any of the Lenders Lender may withhold in its sole and absolute discretion. Any updates to the Credit Guidelines shall be submitted to the Agent for approval in accordance with this Section. The Borrower shall not purchase or otherwise acquire contracts which do not comply with the Credit Guidelines.

Appears in 1 contract

Samples: Loan and Security Agreement (TFC Enterprises Inc)

Credit Guidelines. The Borrower shall not make any changes in its Credit Guidelines (a copy of which has been previously furnished by the Borrower to the LendersLender) without the Lenders’ Agent's prior written consent which any of the Lenders Agent may withhold in its sole and absolute discretion. Any updates to the Credit Guidelines shall be submitted to the Agent for approval in accordance with this Section. The Borrower shall not purchase or otherwise acquire contracts Contracts which do not comply with the Credit Guidelines.

Appears in 1 contract

Samples: Loan and Security Agreement (Nicholas Financial Inc)

Credit Guidelines. The Borrower shall not make any changes in its Credit Guidelines (a copy of which has been previously furnished by the Borrower to the Lenders) without the Lenders’ Bank’s prior written consent which any of the Lenders Bank may withhold in its sole and absolute discretion. Any updates to the Credit Guidelines shall be submitted to the Agent for approval in accordance with this Section. The Borrower shall not purchase or otherwise acquire contracts Contracts which do not comply with the Credit Guidelines.

Appears in 1 contract

Samples: Revolving Credit Agreement (Americas Carmart Inc)

Credit Guidelines. The Borrower represents and warrants that it shall not make any changes in its Credit Guidelines credit guidelines (a copy of which has been previously furnished by the Borrower to the LendersLender) without the Lenders’ Lender's prior written consent which any of the Lenders Lender may withhold in its sole and absolute discretion. Any updates The Borrower's credit guidelines shall state in detail the credit criteria used by the Borrower in determining the creditworthiness of Contract Debtors with regard to the Credit Guidelines shall be submitted to Contracts originated by the Agent for approval in accordance with this Section. The Borrower shall not purchase or otherwise acquire contracts which do not comply with and/or originated by third parties and acquired by the Credit GuidelinesBorrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Group Inc)

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Credit Guidelines. The Borrower shall not make any changes in its Credit Guidelines credit guidelines (a copy of which has been previously furnished by the Borrower to the LendersLender) without the Lenders’ Lender's prior written consent which any of the Lenders Lender may withhold in its sole and absolute discretion. Any updates Borrower's credit guidelines shall state in detail the credit criteria used by Borrower in determining the creditworthiness of Contract Debtors with regard to the Credit Guidelines shall be submitted to the Agent for approval in accordance with this Section. The Contracts originated by Borrower shall not purchase or otherwise acquire contracts which do not comply with the Credit Guidelinesand/or originated by third parties and acquired by Borrower, as appropriate.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Group Inc)

Credit Guidelines. The Borrower shall not make any changes in its Credit Guidelines (a copy of which has been previously furnished by the Borrower to the Lenders) without the Lenders' prior written consent which any of the Lenders may withhold in its sole and absolute discretion. Any updates to the Credit Guidelines shall be submitted to the Agent for approval in accordance with this Section. The Borrower shall not purchase or otherwise acquire contracts which do not comply with the Credit Guidelines."

Appears in 1 contract

Samples: Loan Agreement (Nicholas Financial Inc)

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