Common use of No Change in Business or Credit Card Guidelines Clause in Contracts

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.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Proffitts Credit Card Master Trust)

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.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Proffitts Credit Corp)