Modifications of Receivables or Contracts. The Collection Agent shall not extend, amend, forgive, discharge, compromise, waive, cancel or otherwise modify the terms of any Receivable or amend, modify or waive any term or condition of any Contract related thereto; provided that the Collection Agent may take such actions as are expressly permitted by the terms of any Transaction Document and are in accordance with the Credit and Collection Policy.
Appears in 2 contracts
Samples: Receivables Transfer Agreement (Trimas Corp), Receivables Transfer Agreement (Trimas Corp)
Modifications of Receivables or Contracts. The Collection Agent shall not extend, amend, forgive, discharge, compromise, waive, cancel or otherwise modify the terms of any Receivable or amend, modify or waive any term or condition of any Contract related thereto; provided provided, that the Collection Agent may take such actions as are expressly permitted by the terms of any Transaction Document and are in accordance with the Credit and Collection Policy.
Appears in 2 contracts
Samples: Receivables Transfer Agreement (Tyson Foods Inc), Receivables Transfer Agreement (Trimas Corp)
Modifications of Receivables or Contracts. The Collection Agent shall not extend, amend, forgive, discharge, compromise, waive, cancel discharge or otherwise modify the terms of any Receivable Receivable, or amend, modify or waive any term or condition of any Contract related thereto; provided that the Collection Agent may take such actions , except as are expressly permitted contemplated by the terms of any Transaction Document and are in accordance with the Credit and Collection Policy, without the prior written consent of each Funding Agent (which consent shall be obtained by the Administrative Agent), and in each case in accordance with the Transaction Documents.
Appears in 2 contracts
Samples: Receivables Transfer Agreement (Collins & Aikman Corp), Receivables Transfer Agreement (Collins & Aikman Corp)
Modifications of Receivables or Contracts. The Collection Agent shall not extend, amend, forgive, discharge, compromise, waive, cancel or otherwise modify the terms of any Receivable or amend, modify or waive any term or condition of any Contract related thereto; provided provided, that the Collection Agent may take such actions as are expressly permitted by the terms of any Transaction Document and are in accordance with the Credit and Collection PolicyDocument.
Appears in 2 contracts
Samples: Receivables Transfer Agreement (Mascotech Inc), Receivables Transfer Agreement (Metaldyne Corp)
Modifications of Receivables or Contracts. The Collection Agent shall not extend, amend, forgive, discharge, compromise, waive, cancel or otherwise modify the terms of any Receivable or amend, modify or waive any term or condition of any Contract related thereto; provided provided, that the Collection Agent may take such actions as are expressly permitted by the terms of any Transaction Document and are in accordance with or the Credit and Collection Policy.
Appears in 1 contract
Samples: Receivables Transfer Agreement (Collins & Aikman Corp)
Modifications of Receivables or Contracts. The Collection Agent shall not extend, amend, forgive, discharge, compromise, waive, cancel or otherwise modify the terms of any Receivable or amend, modify or waive any term or condition of any Contract related thereto; provided provided, that the Collection Agent may take such actions as are expressly permitted by the terms of any Transaction Document and are in accordance with the Credit and Collection Policy.. 130
Appears in 1 contract
