No Rescission or Cancellation. Except in connection with an ----------------------------- Adjustment Payment pursuant to Section 3.8, the Servicer shall not permit any rescission or cancellation of any Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in the ordinary course of its business and in accordance with the applicable Account Guidelines.
Appears in 2 contracts
Samples: Master Pooling and Servicing Agreement (Circuit City Credit Card Master Trust), Master Pooling and Servicing Agreement (Fnanb Credit Card Master Trust)
No Rescission or Cancellation. Except in connection with an ----------------------------- Adjustment Payment pursuant Subject to Section 3.83.09, the Servicer shall not permit any rescission or cancellation of any a Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in the ordinary course of its business and in accordance with the applicable Account Guidelines.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Neiman Marcus Group Inc)
No Rescission or Cancellation. Except in connection with an ----------------------------- Adjustment Payment pursuant to Section 3.8, the The Servicer shall not permit any ----------------------------- rescission or cancellation of any Receivable the Receivables except as ordered by a court of competent jurisdiction or other Governmental Authority or in governmental authority; provided, however, that the ordinary course writing down of its business and a Receivables balance in accordance with the applicable Account GuidelinesCustomary Procedures shall not be deemed a rescission or cancellation of such Receivables.
Appears in 1 contract
Samples: Indenture and Servicing Agreement (Creditrust Corp)
No Rescission or Cancellation. Except Subject to the provision set ----------------------------- forth in connection with an ----------------------------- Adjustment Payment pursuant to Section 3.83.03(i), the Servicer shall not permit any rescission or cancellation of any Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in the ordinary course of its business and in accordance with the applicable Account GuidelinesAuthority.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Firestone Retail Credit Corp)
No Rescission or Cancellation. Except in connection with an ----------------------------- Adjustment Payment pursuant to Section 3.8, the Servicer shall not permit any rescission or cancellation of any Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in the ordinary course of its business and in accordance with the applicable Account Guidelines.a
Appears in 1 contract
Samples: Master Pooling and Servicing Agreement (Nordstrom Inc)
