Common use of No Rescission or Cancellation Clause in Contracts

No Rescission or Cancellation. The Servicer shall not permit any rescission or cancellation of the Receivables except as ordered by a court of competent jurisdiction or other governmental authority; PROVIDED, HOWEVER, that the writing down of a Receivables balance in accordance with Customary Procedures shall not be deemed a rescission or cancellation of such Receivables.

No Rescission or Cancellation. The Servicer shall not permit any rescission or cancellation of the Receivables except as ordered by a court of competent jurisdiction or other governmental authority; PROVIDEDprovided, HOWEVERhowever, that the writing down of a Receivables any Receivable balance in accordance with Customary Procedures customary servicing procedures shall not be deemed a rescission or cancellation of such ReceivablesReceivable.

No Rescission or Cancellation. The Servicer shall not permit ----------------------------- any rescission or cancellation of the Receivables a Receivable or a Contract except (i) as ordered by a court of competent jurisdiction or other governmental authority; PROVIDED, HOWEVER, that Governmental Authority or otherwise required by a Requirement of Law or (ii) in the writing down ordinary course of a Receivables balance its business in accordance with Customary Procedures shall not be deemed a rescission or cancellation of such Receivablesthe Credit and Collection Policy.

No Rescission or Cancellation. The Servicer shall not permit ----------------------------- any rescission or cancellation of the Consumer Receivables except as ordered by a court of competent jurisdiction or other governmental authority; PROVIDEDprovided, HOWEVERhowever, that the writing down of a Consumer Receivables balance in accordance with Customary Procedures shall not be deemed a rescission or cancellation of such Consumer Receivables.

No Rescission or Cancellation. The Servicer shall not permit any ----------------------------- rescission or cancellation of the Receivables except as ordered by a court of competent jurisdiction or other governmental authority; PROVIDEDprovided, HOWEVERhowever, that the writing down of a Receivables balance in accordance with Customary Procedures shall not be deemed a rescission or cancellation of such Receivables.

No Rescission or Cancellation. The Servicer shall not permit any rescission or cancellation of the Receivables except as ordered by a court of competent jurisdiction or other governmental authority; PROVIDEDprovided, HOWEVERhowever, that the writing down of a the Receivables balance in accordance with Customary Servicing Procedures shall not be deemed a rescission or cancellation of such Receivables.