Selection Procedures; Credit and Collection Policy. No procedures believed by the Seller to be materially adverse to the interests of VFCC or the Purchasers were utilized by the Seller in identifying and/or selecting the Contracts in the Asset Pool. In addition, each Contract shall have been underwritten in accordance with and satisfy the standards of any Credit and Collection Policy which has been established by the Seller or the Originator and is then in effect. Such Credit and Collection Policy or procedure may be amended from time to time in the Seller's or the Originator's normal course of business provided that the Seller shall not materially change such credit and collection policy or procedure without the prior written consent of the Deal Agent.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Fidelity Leasing Inc), Receivables Purchase Agreement (American Business Financial Services Inc /De/), Receivables Purchase Agreement (Resource America Inc)
