Common use of Change in Business or Credit and Collection Policy Clause in Contracts

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 10 contracts

Samples: Receivables Purchase Agreement (Electronic Data Systems Corp /De/), Receivables Purchase Agreement (Ferro Corp), Receivables Purchase Agreement (Lexmark International Inc /Ky/)

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Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 9 contracts

Samples: Initial Purchase and Contribution Agreement (Ingersoll Rand Co LTD), Initial Purchase and Contribution Agreement (Ingersoll Rand Co LTD), Secondary Purchase and Contribution Agreement (Ingersoll Rand Co LTD)

Change in Business or Credit and Collection Policy. The Seller will not make or permit any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this the Agreement, except as may otherwise be agreed in writing by the Administrative Agent and each Purchaser Agent.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals Inc /De)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreementhave a Material Adverse Effect.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (AbitibiBowater Inc.), Receivables Purchase Agreement (AbitibiBowater Inc.), Receivables Purchase Agreement (AbitibiBowater Inc.)

Change in Business or Credit and Collection Policy. The Seller will not make (and shall cause each Originator to agree not to make) any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 3 contracts

Samples: Tertiary Purchase Agreement (Ingersoll Rand Co LTD), Secondary Purchase Agreement (Ingersoll Rand Co LTD), Tertiary Purchase Agreement (Ingersoll Rand Co LTD)

Change in Business or Credit and Collection Policy. The Seller will not make or permit any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this the Agreement.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (SPX Corp), Receivables Purchase Agreement (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc)

Change in Business or Credit and Collection Policy. The Each Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the such Seller to perform its obligations under this Agreement.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Ferro Corp), Purchase and Contribution Agreement (Ferro Corp), Purchase and Contribution Agreement (Ferro Corp)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business business, which change could impair the collectability of any Purchased Receivable or in the Credit and Collection Policy that would, in either case, materially otherwise adversely affect the collectibility interests or remedies of the Receivables Pool or the ability of the Seller to perform its obligations Buyer under this AgreementAgreement or result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Accounts Receivable Purchase Agreement (Telos Corp), Accounts Receivable Purchase Agreement (American Defense Systems Inc), Accounts Receivable Purchase Agreement (Implant Sciences Corp)

Change in Business or Credit and Collection Policy. The Seller will not (i) make any material change in the Credit and Collection Policy without the prior written consent of the Buyer or (ii) make any change in the character of its business or which could reasonably be expected to have a Material Adverse Effect. The Seller will promptly notify the Buyer, the Administrative Agent and each Funding Agent in writing of any material change in the character of its business or its Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this AgreementPolicy.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Nalco Finance Holdings LLC), Receivables Purchase Agreement (Nalco Holding CO), Receivables Purchase Agreement (Nalco Holding CO)

Change in Business or Credit and Collection Policy. The Such Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreementhave a Material Adverse Effect.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (AbitibiBowater Inc.), Purchase and Contribution Agreement (AbitibiBowater Inc.)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility collectability of the Sold Receivables Pool or the ability of the Seller to perform its obligations under this Agreement, unless the Purchaser shall have consented to such change (such consent not to be unreasonably withheld).

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Alliance One International, Inc.), Receivables Purchase Agreement (Alliance One International, Inc.)

Change in Business or Credit and Collection Policy. The Seller will not make or permit any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility collectability of the Receivables Pool or the ability of the Seller to perform its obligations under this the Agreement, except as may otherwise be agreed in writing by the Administrative Agent and each Purchaser Agent.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc)

Change in Business or Credit and Collection Policy. The Seller will shall not make any material change in the character of its business or in the any Credit and Collection Policy, or any change in any Credit and Collection Policy that would, would be reasonably likely to have a Material Adverse Effect with respect to the Receivables. The Seller shall not make any other material change in either case, materially adversely affect any Credit and Collection Policy without giving prior written notice thereof to the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this AgreementAdministrator.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carpenter Technology Corp), Receivables Purchase Agreement (Carpenter Technology Corp)

Change in Business or Credit and Collection Policy. The Seller will -------------------------------------------------- shall not make any material change in the character of its business or in the its Credit and Collection Policy that Policy, which change would, in either case, materially adversely affect be reasonably likely to impair the collectibility of any of the Receivables Pool or decrease the ability credit quality of any new Receivables. The Seller shall not engage in any business or activity of any kind or enter into any transaction or indenture, mortgage, instrument, agreement, contract, lease or other undertaking other than the Seller to perform its obligations under transactions contemplated and authorized by this Agreement and the Transfer Agreement.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Bon Ton Stores Inc), Receivables Purchase Agreement (Bon Ton Stores Inc)

Change in Business or Credit and Collection Policy. The Seller will not make any material change in the character of its business or in and will not make any material adverse change to the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this AgreementPolicy.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Perkinelmer Inc), Receivables Sale Agreement (Albany International Corp /De/)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy (other than, with respect to the Credit and Collection Policy, an inconsequential change thereto) that would, in either case, materially would adversely affect the collectibility of the Pool Receivables Pool or the ability of the Seller or either Servicer Party to perform its obligations under this Agreement.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Champion Enterprises Inc), Receivables Purchase Agreement (Champion Enterprises Inc)

Change in Business or Credit and Collection Policy. The Such Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the such Seller to perform its obligations under this Agreement.. Table of Contents

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Olin Corp)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy (or permit the Collection Agent or any Originator to make any change in the Credit and Collection Policy) that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Olin Corp)

Change in Business or Credit and Collection Policy. The Seller -------------------------------------------------- will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Healthcare Financial Partners Inc)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy, except for any such change in a Credit and Collection Policy that would, in either case, materially adversely affect would not (i) impair the collectibility of the any Receivables Pool in any material respect or the ability of the Seller (ii) otherwise be reasonably likely to perform its obligations under this Agreementhave a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Medco Health Solutions Inc)

Change in Business or Credit and Collection Policy. The Such Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the such Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Lexmark International Inc /Ky/)

Change in Business or Credit and Collection Policy. The Such Seller will not change its business or make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the such Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (BRP Japan Co. Ltd.)

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Change in Business or Credit and Collection Policy. The Seller will not not, without the prior written consent of the Agent, make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Pool Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Rite Aid Corp)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect impair the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (DST Systems Inc)

Change in Business or Credit and Collection Policy. The Except as required by applicable law, the Seller will shall not make any material change in the character of its premium finance business or in the Credit and Collection Policy that wouldPolicy, in either caseunless the Seller, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreementacting reasonably, believes such change would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Wintrust Financial Corp)

Change in Business or Credit and Collection Policy. The No Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the such Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Initial Purchase and Contribution Agreement (Ingersoll Rand Co LTD)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the its Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Ferro Corp)

Change in Business or Credit and Collection Policy. The Except as otherwise provided in the Receivables Purchase Agreement, the Seller will not make any change in the character of its business or in to the Credit and Collection Policy that would, in either case, could reasonably be expected to decrease the credit quality of any newly created Transferred Receivables or materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this AgreementTransferred Receivables.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Ferro Corp)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect which change would impair the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreementany Receivable.

Appears in 1 contract

Samples: Receivables Sale Agreement (Arvinmeritor Inc)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect impair the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (DST Systems Inc)

Change in Business or Credit and Collection Policy. The Seller will not make any change in the character of its business business, which change could impair the collectibility of any Purchased Receivable or in the Credit and Collection Policy that would, in either case, materially otherwise adversely affect the collectibility interests or remedies of the Receivables Pool or the ability of the Seller to perform its obligations Buyer under this AgreementAgreement or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Lattice INC)

Change in Business or Credit and Collection Policy. The Seller will not make or permit any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this the Agreement. In the event that the Seller makes any material change to the Credit and Collection Policy, it shall, no later than three Business Days prior to the effectiveness of such change, provide the Agent with an updated Credit and Collection Policy and a summary of all material changes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (United Rentals North America Inc)

Change in Business or Credit and Collection Policy. The Such Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect impair the collectibility of the Receivables Pool or the ability of the such Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Originator Purchase Agreement (DST Systems Inc)

Change in Business or Credit and Collection Policy. The Seller will not make or permit any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility collectibilitycollectability of the Receivables Pool or the ability of the Seller to perform its obligations under this the Agreement, except as may otherwise be agreed in writing by the Administrative Agent and each Purchaser Agent.

Appears in 1 contract

Samples: Receivables Purchase Agreement (United Rentals North America Inc)

Change in Business or Credit and Collection Policy. The Seller will not make or permit any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Transferred Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (United Rentals North America Inc)

Change in Business or Credit and Collection Policy. The Each Seller will not make any change in the character of its business or in the its Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Purchased Receivables Pool or the ability of the such Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Ferro Corp)

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