No Change in Business or Credit Card Guidelines Clause Samples
The "No Change in Business or Credit Card Guidelines" clause restricts a party from altering its business operations or the policies governing its credit card practices during the term of an agreement. In practice, this means the party must maintain its current business model, credit card acceptance procedures, and related guidelines, ensuring consistency in how transactions are processed and managed. This clause serves to provide stability and predictability for the other party, minimizing the risk of unexpected changes that could affect the agreement's performance or the parties' obligations.
No Change in Business or Credit Card Guidelines. None of the Transferor, the Issuer or the Servicer will make any change in the character of its business or, except pursuant to any Requirements of Law, in the Credit Card Guidelines, which change would have a Material Adverse Effect on the Transferor, the Issuer or the Servicer, as applicable.
No Change in Business or Credit Card Guidelines. Seller will not make any change in the character of its business or in any credit card guidelines it may have, which change would, in either case, impair the collectibility of any of the Receivables or have a material adverse effect on the condition (financial or otherwise), business or properties of Seller or the ability of Seller to perform its obligations hereunder.
No Change in Business or Credit Card Guidelines. The Servicer will not make any change in the character of its business or in the Credit Card Guidelines, which change would, in either case, impair the collectibility of any substantial portion of the Receivables or otherwise result in a material adverse effect on the Agent's, [Liquidity Banks]' or Buyer's interest in the Receivables or the collectibility thereof.
No Change in Business or Credit Card Guidelines. The Seller will ----------------------------------------------- not make any change in the Credit Card Guidelines or any change in the character of its business, which change would, in either case, impair the collectibility of any substantial portion of the Receivables or otherwise materially and adversely affect the rights of the Purchaser, the Trust or the Certificateholders, the ability of the Servicer to collect the Receivables, the validity or enforceability of this Agreement, the Pooling and Servicing Agreement, or any documents or agreements related thereto, or the performance by any party of its obligations hereunder or thereunder.
No Change in Business or Credit Card Guidelines. Neither CompuCredit, the Transferor nor the Issuer will make any change in the character of its business or in the Credit Card Guidelines or permit any Account Owner to make any change in the Credit Card Guidelines, which change would, in either case, impair the collectibility of any Receivable or otherwise (i) have a material adverse effect on the Transferor, the Issuer or the Servicer, as applicable, or on the transaction documented under this Agreement, or (ii) have an Adverse Effect, provided that neither CompuCredit, the Transferor nor the Issuer will make any change, nor permit any Account Owner to make any change, in methods of billing Obligors, including, without limitation, any reduction in minimum payment amount without the prior written consent of the Administrative Agent, provided, further, that any increase in minimum payment shall not require the consent of the Administrative Agent.
No Change in Business or Credit Card Guidelines. The Transferor will not make any change in the character of its business or in the Credit Card Guidelines, which change would, in either case, impair the collectibility of any substantial portion of the Receivables or otherwise result in a Material Adverse Effect.