Common use of Extension or Amendment of Pool Receivables Clause in Contracts

Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section 9.02, the Borrower will not, and will not permit the Servicer to, alter the delinquency status or adjust the Outstanding Balance or otherwise modify the terms of any Pool Receivable in any material respect, or amend, modify or waive, in any material respect, any term or condition of any related Contract (nothing herein preventing amending, modifying or waiving a Contract with respect to future Receivables so long as an Event of Default has not occurred and is continuing). The Borrower shall at its expense, timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.

Appears in 3 contracts

Samples: Receivables Financing Agreement (Alliance Holdings GP, L.P.), Receivables Financing Agreement (Alliance Resource Partners Lp), Receivables Financing Agreement (Alliance Holdings GP, L.P.)

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Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section 9.02, the Borrower will not, and Servicer will not permit the Servicer to, (i) alter the delinquency status or adjust the Outstanding Balance or otherwise modify the payment terms of any Pool Receivable in any material respect, respect or (ii) amend, modify or waive, in any material respect, any term or condition of any related Contract (nothing herein preventing amendingContract, modifying or waiving a Contract with respect to future Receivables so long as an Event of Default has not occurred in each case that would materially and is continuing)adversely affect any Pool Receivable then included in the Borrowing Base. The Borrower Servicer shall at its expense, timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.

Appears in 2 contracts

Samples: Receivables Financing Agreement (EnLink Midstream Partners, LP), Receivables Financing Agreement (EnLink Midstream, LLC)

Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section 9.02, the Borrower will not, and will not permit the Servicer to, (i) alter the delinquency status or adjust the Outstanding Balance or otherwise modify the payment terms of any Pool Receivable in any material respect, respect or (ii) amend, modify or waive, in any material respect, any term or condition of any related Contract (nothing herein preventing amendingContract, modifying or waiving a Contract with respect to future Receivables so long as an Event of Default has not occurred in each case that would materially and is continuing)adversely affect any Pool Receivable then included in the Borrowing Base. The Borrower shall at its expense, timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.

Appears in 2 contracts

Samples: Receivables Financing Agreement (EnLink Midstream, LLC), Receivables Financing Agreement (EnLink Midstream Partners, LP)

Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section 9.02, the Borrower will not, and will not permit the Servicer to, alter the delinquency status or adjust the Outstanding Balance or otherwise modify the terms of any Pool Receivable in any material respect, or amend, modify or waive, in any material respect, any term or condition of any related Contract; provided, however that the Borrower may modify or permit the Servicer or any Originator to modify any Contract (nothing herein preventing amending, modifying or waiving a so long as the Contract Amendment Conditions are then satisfied with respect to future Receivables so long as an Event of Default has not occurred and is continuing)such Contract. The Borrower shall at its expense, timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.

Appears in 2 contracts

Samples: Receivables Financing Agreement (NuStar Energy L.P.), Receivables Financing Agreement (NuStar Energy L.P.)

Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section 9.029.02 of the Receivables Financing Agreement, the Borrower Seller will not, and or will not permit the Servicer to, alter the delinquency status or adjust the Outstanding Balance or otherwise modify the terms of any Pool Receivable in any material respect, or amend, modify or waive, in any material respect, any term or condition of any related Contract (nothing herein preventing amending, modifying that affects or waiving a Contract with respect to future Receivables so long as an Event of Default has not occurred and is continuing)could affect any Pool Receivable. The Borrower Seller shall at its expense, cause each Originator to timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exact Sciences Corp)

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Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section 9.02, the Borrower will not, and will not permit the Servicer to, alter the delinquency status or adjust the Outstanding Balance or otherwise modify the terms of any Pool Receivable in any material respect, or amend, modify or waive, in any material respect, any term or condition of any related Contract (nothing herein preventing amendingContract, modifying or waiving in each case, that would have a Contract with respect to future Receivables so long Material Adverse Effect on any Pool Receivable included as an Event of Default has not occurred and is continuing)Eligible Receivables. The Borrower shall at its expense, timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.. 69

Appears in 1 contract

Samples: Receivables Financing Agreement (Covia Holdings Corp)

Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section 9.02, the Borrower will not, and will not permit the Servicer to, alter the delinquency status or adjust the Outstanding Balance or otherwise modify the terms of any Pool ​ ​ Receivable in any material respect, or amend, modify or waive, in any material respect, any term or condition of any related Contract (nothing herein preventing amending, modifying or waiving a Contract with respect to future Receivables so long as an Event of Default has not occurred and is continuing). The Borrower shall at its expense, timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.

Appears in 1 contract

Samples: Receivables Financing Agreement (Alliance Resource Partners Lp)

Extension or Amendment of Pool Receivables. Except as otherwise permitted in Section 9.02, the Borrower will not, and will not permit the Servicer to, alter the delinquency status or adjust the Outstanding Balance or otherwise modify the terms of any Pool Receivable in any material respect, or amend, modify or waive, in any material respect, any term or condition of any related Contract (nothing herein preventing amending, modifying or waiving that would have a Contract with respect to future Receivables so long Material Adverse Effect on any Pool Receivable included as an Event of Default has not occurred and is continuing)Eligible Receivable. The Borrower shall at its expense, timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.

Appears in 1 contract

Samples: Receivables Financing Agreement (Aveanna Healthcare Holdings, Inc.)

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