Common use of No Rescission or Cancellation Clause in Contracts

No Rescission or Cancellation. Such party shall not reschedule, revise, defer, cancel or settle payments due on any Receivable, except as expressly provided herein or in accordance with the Financial Guidelines and sound industry practices for servicing receivables comparable to the Receivables.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gottschalks Inc)

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No Rescission or Cancellation. Such party shall not ----------------------------- reschedule, revise, defer, cancel or settle payments due on any Receivable, Receivable except as expressly provided herein or in accordance with the Financial Guidelines and sound industry practices for servicing receivables comparable to the Receivables.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bombardier Receivables Master Trust I)

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No Rescission or Cancellation. Such party shall not reschedule, revise, defer, cancel or settle payments due on any Receivable, Receivable except as expressly provided herein or in accordance with the Financial Guidelines and sound industry practices for servicing receivables comparable to the Receivables.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bombardier Receivables Master Trust I)

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