Receivable Modifications definition
Receivable Modifications. As defined in Section 2.02(a) of the Servicing Agreement.
Receivable Modifications. As defined in Section 3.02 of the Pooling and Servicing Agreement.
Examples of Receivable Modifications in a sentence
The Servicer is hereby authorized to grant extensions, modifications, amendments or adjustments on a Receivable (collectively, “Receivable Modifications”) without the prior consent of the Owner of such Receivable provided that such Receivable Modifications are Permitted Modifications (as defined below).
The Servicer is not authorized and may not make any Receivable Modifications unless such Receivable Modifications are Permitted Modifications.