Common use of Modifications to Contracts and Credit and Collection Policy Clause in Contracts

Modifications to Contracts and Credit and Collection Policy. Such Transferor will not make any change to the Credit and Collection Policy that could reasonably be expected to adversely affect the collectibility of the Receivables originated by it or decrease the credit quality of any of its newly created Receivables. Except as otherwise permitted in its capacity as Servicer pursuant to the Credit and Security Agreement, such Transferor will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.

Appears in 6 contracts

Samples: Omnibus Amendment (WestRock Co), Receivables Sale Agreement (WestRock Co), Receivables Sale Agreement (WestRock Co)

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Modifications to Contracts and Credit and Collection Policy. Such Transferor will not make any change to the Credit and Collection Policy that could would impair the collectability of any Receivable originated by it or reasonably be expected to adversely affect have a Material Adverse Effect without the collectibility consent of the Receivables originated by it or decrease Buyer and the credit quality of any of its newly created ReceivablesAdministrative Agent. Except as otherwise permitted in its capacity as Servicer pursuant to the Credit and Security Agreement, such Transferor will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Smithfield Foods Inc), Receivables Sale Agreement (Smithfield Foods Inc), Receivables Sale Agreement (Smithfield Foods Inc)

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Modifications to Contracts and Credit and Collection Policy. Such Transferor will not (and will not permit Originator to) make any change to the Credit and Collection Policy that could would reasonably be expected to adversely materially andadversely affect the collectibility of the Receivables originated by it or any significant portion thereof, or materially decrease the credit quality of any of its newly created ReceivablesReceivables unless such change shall be consented to by the Agent. Except as otherwise permitted in its capacity as Servicer pursuant to Article VIII of the Credit and Security Purchase Agreement, such Transferor will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.

Appears in 1 contract

Samples: Receivables Sale Agreement (Navistar Financial Corp)

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