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

Change in Credit and Collection Policies or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectability of the Pool Receivables or decrease the credit quality of any newly created Receivables, requesting the Administrative Agent’s and the Majority Group Agent’s consent thereto and (ii) any change in the character of the Servicer’s business that has or would reasonably be expected to, individually or the aggregate, materially and adversely affect the ability of the Servicer to perform its obligations hereunder or otherwise have a Material Adverse Effect or would prevent it from conducting its business operations relating to the Receivables, its servicing of the Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents, a written notice indicating such change and requesting the Administrative Agent’s and the Majority Group Agent’s consent thereto.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.)

AutoNDA by SimpleDocs

Change in Credit and Collection Policies or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectability of the Pool Receivables or decrease the credit quality of any newly created Receivables, requesting the Buyer’s, Administrative Agent’s and the Majority Group Agent’s consent thereto and (ii) any change in the character of the ServicerOriginator’s business that has or would would, individually or in the aggregate, reasonably be expected to, individually or the aggregate, to materially and adversely affect the ability of the Servicer Originator to perform its obligations hereunder or otherwise have a Material Adverse Effect or that would prevent it the Originator from conducting its business operations relating to the Receivables, its servicing of the Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents, a written notice indicating such change and requesting the Buyer’s, Administrative Agent’s and the Majority Group Agent’s consent thereto.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.), QRS Purchase and Sale Agreement (OUTFRONT Media Inc.), Purchase and Sale Agreement (OUTFRONT Media Inc.)

Change in Credit and Collection Policies or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment would be reasonably likely to materially and adversely affect the collectability of the Pool Receivables or decrease the credit quality of any newly created Receivables, requesting the Administrative Agent’s and the Majority Group Agent’s Required Lenders’ consent thereto and (ii) any change in the character of the Initial Servicer’s business that has or would could reasonably be expected to, individually or the aggregate, to materially and adversely affect the ability of the Initial Servicer to perform its obligations hereunder or otherwise have a Material Adverse Effect or that would prevent it the Initial Servicer from conducting its business operations relating to the Receivables, its servicing of the Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents, a written notice indicating such change and requesting the Administrative Agent’s and the Majority Group Agent’s Required Lenders’ consent thereto.

Appears in 2 contracts

Samples: Joinder Agreement (Exela Technologies, Inc.), Loan and Security Agreement (Exela Technologies, Inc.)

Change in Credit and Collection Policies or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment would be reasonably likely to materially and adversely affect the collectability of the Pool Receivables or materially decrease the credit quality of any newly created Receivables, requesting the Administrative Agent’s and the Majority Group Agent’s consent thereto and (ii) any change in the character of the Servicer’s business that has or would could reasonably be expected to, individually or the aggregate, to materially and adversely affect the ability of the Servicer to perform its obligations hereunder or otherwise have a Material Adverse Effect or that would prevent it the Servicer from conducting its business operations relating to the Receivables, its servicing of the Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents, a written notice indicating such change and requesting the Administrative Agent’s and the Majority Group Agent’s consent thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hill-Rom Holdings, Inc.), Loan and Security Agreement (Hill-Rom Holdings, Inc.)

Change in Credit and Collection Policies or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectability of the Pool Receivables or decrease the credit quality of any newly created Receivables, requesting the Buyer’s, Administrative Agent’s and the Majority Group Agent’s consent thereto and (ii) any change in the character of the Servicersuch Originator’s business that has or would would, individually or in the aggregate, reasonably be expected to, individually or the aggregate, to materially and adversely affect the ability of the Servicer such Originator to perform its obligations hereunder or otherwise have a Material Adverse Effect or that would prevent it such Originator from conducting its business operations relating to the Receivables, its servicing of the Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents, a written notice indicating such change and requesting the Buyer’s, Administrative Agent’s and the Majority Group Agent’s consent thereto.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.), TRS Purchase and Sale Agreement (OUTFRONT Media Inc.)

AutoNDA by SimpleDocs

Change in Credit and Collection Policies or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment would be reasonably likely to materially and adversely affect the collectability of the Pool Receivables or decrease the credit quality of any newly created Receivables, requesting the Administrative Agent’s and the Majority Group Agent’s Required Purchasers’ consent thereto and (ii) any change in the character of the Initial Servicer’s business that has or would could reasonably be expected to, individually or the aggregate, to materially and adversely affect the ability of the Initial Servicer to perform its obligations hereunder or otherwise have a Material Adverse Effect or that would prevent it the Initial Servicer from conducting its business operations relating to the Receivables, its servicing of the Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents, a written notice indicating such change and requesting the Administrative Agent’s and the Majority Group Agent’s Required Purchasers’ consent thereto.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exela Technologies, Inc.)

Change in Credit and Collection Policies or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the such Originator’s Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment would be reasonably likely to materially and adversely affect the collectability of the Pool Receivables or materially decrease the credit quality of any newly created ReceivablesReceivables or otherwise make any material change thereto, requesting the Buyer’s, Administrative Agent’s and the Majority Group Agent’s consent thereto and (ii) any change in the character of the Servicersuch Originator’s business that has or would could reasonably be expected to, individually or the aggregate, to materially and adversely affect the ability of the Servicer such Originator to perform its obligations hereunder or otherwise have a Material Adverse Effect or that would prevent it such Originator from conducting its business operations relating to the Receivables, its servicing of the Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents, a written notice indicating such change and requesting the Buyer’s, Administrative Agent’s and the Majority Group Agent’s consent thereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hill-Rom Holdings, Inc.)

Change in Credit and Collection Policies or Business. At least thirty (30) days prior to (i) the effectiveness of any material change in or material amendment to the such Originator’s Credit and Collection Policy, a description or, if available, a copy of the Credit and Collection Policy then in effect and a written notice (A) indicating such change or amendment and (B) if such proposed change or amendment would be reasonably likely to materially and adversely affect the collectability of the Pool Receivables or materially decrease the credit quality of any newly created ReceivablesReceivables or otherwise make any material change thereto, requesting the Buyer’s, Administrative Agent’s and the Majority Group Agent’s consent thereto and (ii) any change in the character of the Servicersuch Originator’s business that has or would could reasonably be expected to, individually or the aggregate, to materially and adversely affect the ability of the Servicer such Originator to perform its obligations hereunder or otherwise have a Material Adverse Effect or that would prevent it such Originator from conducting its business operations relating to the Receivables, its servicing of the Receivables or the performance of its duties and obligations hereunder or under the other Transaction Documents, a written notice indicating such change and requesting the Buyer’s, Administrative Agent’s and the Majority Group Agent’s consent thereto.. (h)

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hill-Rom Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.