Common use of Collections and Servicing Clause in Contracts

Collections and Servicing. Since May 9, 1997, there has been no material adverse change in the ability of the Servicer to service and collect the Re- ceivables and no material adverse change has occurred in the overall rate of collections of Receivables.

Appears in 1 contract

Sources: Certificate Purchase Agreement (Proffitts Inc)

Collections and Servicing. Since May 9July 15, 19971999, there has been no material adverse change in the ability of the Servicer to service and collect the Re- ceivables Receivables and no material adverse change has occurred in the overall rate of collections of Receivables.

Appears in 1 contract

Sources: Certificate Purchase Agreement (Saks Inc)

Collections and Servicing. Since May 9August 22, 1997, there has been no material adverse change in the ability of the Servicer to service and collect the Re- ceivables Receivables and no material adverse change has occurred in the overall rate of collections of Receivables.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Belk Inc)

Collections and Servicing. Since May 9November 2, 19971996, there has been no material adverse change in the ability of the Servicer to service and collect the Re- ceivables Receivables and no material adverse change has occurred in the overall rate of collections of Receivables.

Appears in 1 contract

Sources: Transfer and Administration Agreement (Proffitts Inc)

Collections and Servicing. Since May 9July 15, 19971999, there has been ------------------------- no material adverse change in the ability of the Servicer to service and collect the Re- ceivables Receivables and no material adverse change has occurred in the overall rate of collections of Receivables.

Appears in 1 contract

Sources: Certificate Purchase Agreement (Saks Credit Card Master Trust)