Common use of Changes in Payment Instructions to Obligors Clause in Contracts

Changes in Payment Instructions to Obligors. It will not add or make any change, or permit the Servicer to make any change, in its instructions to Obligors regarding payments to be made with respect to the Receivables, unless the Administrative Agent shall have consented to such change and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agent.

Appears in 5 contracts

Samples: Loan and Security Agreement (Carvana Co.), Loan and Security Agreement (Carvana Co.), Master Transfer Agreement (Carvana Co.)

AutoNDA by SimpleDocs

Changes in Payment Instructions to Obligors. It The Servicer will not add or make any change, or permit the Servicer to make any change, change in its instructions to Obligors any relevant administrative agent or Obligor, as applicable, regarding payments to be made with respect to the Receivables, Collateral to the Operating Account unless the Administrative Agent shall have has consented to such change and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agentchange.

Appears in 4 contracts

Samples: Credit Agreement (Trinity Capital Inc.), Credit Agreement (Trinity Capital Inc.), Credit Agreement (Trinity Capital Inc.)

Changes in Payment Instructions to Obligors. It will not add or make any change, or permit the Servicer to make any change, in its instructions to Obligors regarding payments to be made with respect to the Receivables, unless the Administrative Agent Purchasers shall have consented to such change and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative AgentPurchasers.

Appears in 2 contracts

Samples: Master Purchase and Sale Agreement (Carvana Co.), Master Purchase and Sale Agreement (Carvana Co.)

AutoNDA by SimpleDocs

Changes in Payment Instructions to Obligors. It The Servicer will not add or make any change, or permit the Servicer to make any change, change in its instructions to Obligors or any relevant administrative agent, as applicable, regarding payments to be made with respect to the ReceivablesCollateral, unless the Administrative Agent shall have has consented to such change and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agentexcept as otherwise permitted herein.

Appears in 1 contract

Samples: Credit Agreement (Brightwood Capital Corp I)

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