Common use of Extension or Amendment of Collateral Clause in Contracts

Extension or Amendment of Collateral. The Seller will not, except as otherwise permitted in Section 6.4(a), waive, extend, amend or otherwise modify, or permit the Servicer to extend, amend or otherwise modify, the terms of any Collateral (including the Related Security); provided that no waiver, extension, modification or alteration otherwise permitted under Section 6.4(a) shall (i) alter the status of any Asset as a Delinquent Asset or Charged-Off Asset, (ii) in the reasonable judgment of the Administrative Agent, prevent or delay any Asset from becoming a Delinquent Asset or Charged-Off Asset, or (iii) limit and/or impair the rights of the Administrative Agent or the Secured Parties under this Agreement.

Extension or Amendment of Collateral. The Seller will not, except as otherwise permitted in Section 6.4(a), waive, extend, amend or otherwise modify, or permit the Servicer to extend, amend or otherwise modify, the terms of any Collateral (including the Related Security); ) provided that no waiver, extension, modification or alteration otherwise permitted under Section 6.4(a) shall (i) alter the status of any Asset as a Delinquent Asset or Charged-Off Asset, (ii) in the reasonable judgment of the Administrative Agent, prevent or delay any Asset from becoming a Delinquent Asset or Charged-Off Asset, or (iii) limit and/or impair the rights of the Administrative Agent or the Secured Parties under this Agreement.

Extension or Amendment of Collateral. The Seller will not, except as otherwise permitted in Section 6.4(a), waive, extend, amend or otherwise modify, or permit the Servicer to extend, amend or otherwise modify, the terms of any Collateral (including the Related Security); provided ) provided, however, that no waiver, extension, modification or alteration otherwise permitted under Section 6.4(a) shall (i) alter the status of any Asset as a Delinquent Asset or Charged-Off Asset, (ii) in the reasonable judgment of the Administrative Agent, prevent or delay any Asset from becoming a Delinquent Asset or Charged-Off Asset, or (iii) limit and/or impair the rights of the Administrative Agent or the Secured Parties under this Agreement.