Common use of Collections and Servicing Clause in Contracts

Collections and Servicing. Since May 21, 2004, there has been no change in (i) the ability of the Collection Agent to perform its obligations to service and collect the Receivables or (ii) the collectibility of the Receivables, in either case, which could reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Receivables Transfer Agreement (Nalco Global Holdings LLC)

Collections and Servicing. Since May 21March 31, 20042007, there has been no change in (i) the ability of the Collection Agent to perform its obligations to service and collect the Receivables or (ii) the collectibility of the Receivables, in either case, which could reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Receivables Transfer Agreement (Nalco Finance Holdings LLC)

Collections and Servicing. Since May 21March 31, 20042010, there has been no change in (i) the ability of the Collection Agent to perform its obligations to service and collect the Receivables or (ii) the collectibility of the Receivables, in either case, which could reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Receivables Transfer Agreement (Nalco Holding CO)