Common use of Credit Standards Clause in Contracts

Credit Standards. Neither the Issuer nor the Trust shall adopt a credit policy or collection policy inconsistent with the Servicer’s Credit Policy. Not less than 30 calendar days prior to any change in the Servicer’s Credit Policy (or, if adopted, the Credit Policy or collection policy of the Issuer or the Trust), written notice of each such change and the reasons for making each such change.

Credit Standards. Neither the Issuer nor the Trust shall adopt a credit policy or collection policy inconsistent with the Servicer’s Credit Policy. Not less than 30 thirty (30) calendar days prior to any change in the Servicer’s Credit Policy (or, if adopted, the Credit Policy or collection policy of the Issuer or the Trust), written notice of each such change and the reasons for making each such change.