Common use of No Rescission or Cancellation Clause in Contracts

No Rescission or Cancellation. The Collection Agent shall not permit any rescission or cancellation of 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 Credit and Collection Policy.

Appears in 3 contracts

Samples: Transfer and Administration Agreement (Metris Companies Inc), Transfer and Administration Agreement (Metris Direct Inc), Transfer and Administration Agreement (Metris Companies Inc)

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No Rescission or Cancellation. The Collection Agent shall not permit any rescission or cancellation of a an Eligible 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 Credit and Collection Policy.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Imc Global Inc)

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