Common use of Extension or Amendment of Transferred Receivables Clause in Contracts

Extension or Amendment of Transferred Receivables. The Originator will not (i) extend, amend or otherwise modify the terms of any Transferred Receivable in a manner inconsistent with the Credit and Collection Policy, that would result in the Dilution of such Transferred Receivable or that would otherwise prevent such Transferred Receivable from being an Eligible Receivable under the Receivables Agreement unless, in each case, the Originator shall have repurchased such Transferred Receivable, or (ii) amend, modify or waive in any material respect any term or condition relating to payments under or enforcement of any Contract related thereto.

Appears in 2 contracts

Samples: Assignment and Acceptance Agreement and Amendment (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc)

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Extension or Amendment of Transferred Receivables. The Originator will not (i) extend, amend or otherwise modify the terms of orof any Transferred Receivable in a manner inconsistent with the Credit and Collection Policy, that would result in the Dilution of such Transferred Receivable or that would otherwise prevent such Transferred Receivable from being an Eligible Receivable under the Receivables Agreement unless, in each case, the Originator shall have repurchased such Transferred Receivable, or (ii) amend, modify or waive in any material respect any term or condition relating to payments under or enforcement of any Contract related thereto.

Appears in 1 contract

Samples: Receivables Purchase Agreement and Purchase and Contribution Agreement (United Rentals North America Inc)

Extension or Amendment of Transferred Receivables. The Originator will not (i) extend, amend or otherwise modify the terms of or any Transferred Receivable in a manner inconsistent with the Credit and Collection Policy, that would result in the Dilution of such Transferred Receivable or that would otherwise prevent such Transferred Receivable from being an Eligible Receivable under the Receivables Agreement unless, in each case, the Originator shall have repurchased such Transferred Receivable, or (ii) amend, modify or waive in any material respect any term or condition relating to payments under or enforcement of any Contract related thereto.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (United Rentals Inc /De)

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Extension or Amendment of Transferred Receivables. The No Originator will not (i) extend, amend or otherwise modify the terms of or any Transferred Receivable in a manner inconsistent with the Credit and Collection Policy, that would result in the Dilution of such Transferred Receivable or that would otherwise prevent such Transferred Receivable from being an Eligible Receivable under the Receivables Agreement unless, in each case, the Originator shall have repurchased such Transferred Receivable, or (ii) amend, modify or waive in any material respect any term or condition relating to payments under or enforcement of any Contract related thereto.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (United Rentals Inc /De)

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