Common use of Other renegotiations Clause in Contracts

Other renegotiations. Subject to the provisions of Articles 24.1 and 24.2, the Purchaser authorises each Seller, acting in the name and on behalf of the Purchaser, to agree to new terms in relation to any Sold Receivable: (a) if the Purchaser expressly consents in writing; (b) without prior notification to or consent of the Purchaser, provided that such renegotiation: (i) complies with its obligations under Article 26 (Obligations of care); and (ii) does not adversely affect the rights of the Purchaser under such Sold Receivables, including any security interests, privileges and ancillary rights attached thereto; or (c) without prior notification to or consent of the Purchaser, if such Sold Receivable is a Defaulted Receivable.

Other renegotiations. Subject to the provisions of Articles 24.1 and 24.2, the Purchaser authorises each Seller, acting in the name and on behalf of the Purchaser, to agree to new terms in relation to any Sold Receivable: (a) if the Purchaser expressly consents in writing; (b) without prior notification to or consent of the Purchaser, provided that such renegotiation: (i) complies with its obligations under Article 26 (Obligations of care); and (ii) does not adversely affect the rights of the Purchaser under such Sold Receivables, including any security interests, privileges and ancillary rights attached thereto; or (c) without prior notification to or consent of the Purchaser, if such Sold Receivable is a Defaulted Receivable.