Common use of Modifications of Receivables Clause in Contracts

Modifications of Receivables. The Seller and, in the case of the SUBI Seller, the Titling Trust, shall not extend, amend, forgive, discharge, compromise, cancel, waive or otherwise modify the terms or conditions of any Receivable except (i) as permitted under the Servicing Agreement and, (ii) to the extent that such extension, amendment, forgiveness, discharge, compromise, cancellation, waiver or modification, does not affect the Purchaser’s ownership or beneficial ownership interest in such Receivable and does not negatively impact the ultimate collectability of such Receivable.