Amendments to Receivables Sale Agreement. The Receivables Sale Agreement is hereby amended as follows:
Amendments to Receivables Sale Agreement. A. Section 5.9 of the Receivables Sale Agreement is hereby amended to delete therefrom the phrase ", except to the extent that any of the Sellers as of the date hereof, in the normal course of their business and consistent with past practices, have directed such Obligors to remit payments by delivering cash, a check or other instrument to or in care of the person delivering goods to such Obligor or to the business offices, agents or officers of such Seller; provided, that for Mxxx and Mxxx Delaware, checks may be remitted to the relevant Seller and thereafter shall be deposited into a Deposit Account".
Amendments to Receivables Sale Agreement. (a) Section 2.7(b) of the Agreement is hereby deleted and replaced in its entirety with the following:
Amendments to Receivables Sale Agreement. Seller shall not, without the prior written consent of the Agent (which consent shall not be unreasonably withheld or delayed): (b) (i) cancel or terminate the Receivables Sale Agreement,
Amendments to Receivables Sale Agreement. Subject to the satisfaction of the conditions set forth in Section 5 below, the parties hereto agree to amend the Receivables Sale Agreement as follows:
Amendments to Receivables Sale Agreement. (i) Effective as of the consummation of the Mergers, the parties hereto acknowledge and agree that (A) SIRVA Relo shall be the successor Subservicer and Custodian with respect to the existing Receivables of Executive Relo and (B) SIRVA Relo shall be the successor Originator, Subservicer and Custodian with respect to any new Receivables arising under the Relocation Services Agreements to which Executive Relo is party immediately prior to the Merger and listed in Attachment 1 hereto (the “Existing Executive Relo Agreements”).
Amendments to Receivables Sale Agreement. (a) Section 1.1 of the Receivables Sale Agreement is amended by deleting the definition of “Average Recovery Price Ratio” in its entirety where it appears therein and replacing it with the following:
Amendments to Receivables Sale Agreement. (a) Notwithstanding anything to the contrary in Section 2.7 of the Agreement, the removal of the Excluded Accounts shall be deemed to be an Involuntary Removal.
Amendments to Receivables Sale Agreement. The Originator, the Company (as defined in the Receivables Sale Agreement), the Majority Purchasers party hereto and the Administrative Agent agree that effective on (and subject to the occurrence of) the Effective Date, the Existing Receivables Sale Agreement is hereby amended as follows:
Amendments to Receivables Sale Agreement. (a) Section 2.1(s) of the Receivables Sale Agreement is hereby amended by replacing the first sentence thereof with the following: Such Seller has instructed all Obligors thereon to pay all Collections (i) directly by mail addressed to a Lockbox listed on Exhibit IV to the Credit and Security Agreement which is subject to a Collection Account Agreement, (ii) by wire transfer or other electronic funds transfer directly to a Collection Account listed on Exhibit IV to the Credit and Security Agreement which is subject to a Collection Account Agreement or (iii) in the case of the Collections of any Acquired Receivables, to any lockbox or bank account to which Collections for such Acquired Receivables were paid by the Obligors prior to such receivables becoming Acquired Receivables, if any and all payments or balances in such lockbox or bank account on any day are automatically transferred within two (2) Business Days to a Lockbox listed on Exhibit IV to the Credit and Security Agreement which is subject to a Collection Account Agreement or a Collection Account listed on Exhibit IV to the Credit and Security Agreement which is subject to a Collection Account Agreement.
