Common use of Negative Covenants of the Backup Servicer Clause in Contracts

Negative Covenants of the Backup Servicer. From the date hereof until the Collection Date, the Backup Servicer will not make any changes to the Backup Servicing Fee without the prior written approval of the Deal Agent (acting at the direction, or with the consent, of the Required Lenders).

Appears in 7 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

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Negative Covenants of the Backup Servicer. From the date hereof until the Collection Date, the Backup Servicer will not make any changes to the Backup Servicing Servicer Fee without the prior written approval of the Deal Agent (acting at the direction, or with the consent, of the Required Lenders)Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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