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

Modifications to Contracts and Credit and Collection Policy. The Borrower will not, and will not permit Seller or any Originator to, make any change to any Credit and Collection Policy that could reasonably be expected to decrease the credit quality of any newly created Receivables or materially adversely affect the collectability of the Receivables. Except as provided in Section 6.2(d), the Borrower will not, and will not permit Seller or any Originator to, extend, amend or otherwise modify the terms of any Receivable or any terms of any Contract related to such Receivable in any material respect other than in accordance with the applicable Credit and Collection Policy.

Appears in 4 contracts

Samples: Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc)

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Modifications to Contracts and Credit and Collection Policy. The Borrower will not, and It will not permit Seller or any Originator to, make any change in or amendment to any the Credit and Collection Policy that could reasonably be expected to decrease the credit quality of any newly created Receivables Receivable or materially adversely affect the collectability of the Receivables. Except as provided otherwise permitted in Section 6.2(d)its capacity as Servicer pursuant to the Purchase Agreement, the Borrower will not, and it will not permit Seller or any Originator to, extend, amend or otherwise modify the terms of any Receivable or any terms of any Contract related to such Receivable in any material respect other than in accordance with the applicable Credit and Collection Policy.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (COMMERCIAL METALS Co), Receivables Purchase Agreement (Commercial Metals Co), Receivables Sale Agreement (Commercial Metals Co)

Modifications to Contracts and Credit and Collection Policy. The Borrower Seller will not, and will not permit Seller or any other Originator to, make any change to any Credit and Collection Policy that could reasonably be expected to adversely affect the collectability of the Receivables or decrease the credit quality of any newly created Receivables Receivables, unless required to do so by a change in any applicable law, rule or materially adversely affect the collectability of the Receivablesregulation. Except as provided otherwise permitted in its capacity as the Servicer pursuant to Section 6.2(d)8.02(d) of the Credit Agreement, the Borrower Seller will not, and will not permit Seller or any other Originator to, extend, amend or otherwise modify the terms of any Receivable or any terms of any related Contract related to such Receivable in any material respect other than in accordance with the applicable Credit and Collection Policy.

Appears in 1 contract

Samples: Receivables Sale Agreement (Anixter International Inc)

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Modifications to Contracts and Credit and Collection Policy. The Borrower will notMake, and will not or permit Seller or any Originator toto make, make any change to any Credit and Collection Policy that could would reasonably be expected to decrease the credit quality of any newly created Receivables or materially adversely affect the collectability of the Receivables. Except as provided in Section 6.2(d)) of the Credit and Security Agreement, the Borrower will Seller shall not, and will not nor shall it permit Seller or any Originator to, extend, amend or otherwise modify the terms of any Receivable or any terms of any Contract related to such Receivable in any material respect other than in accordance with the applicable Credit and Collection Policy.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Martin Marietta Materials Inc)

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