Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b), the Servicer will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 4 contracts
Sources: Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b)8.2(b) of the Purchase Agreement, the Servicer Originator will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent Buyer (and its assigns) shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer Originator may make changes in instructions to any such Obligors regarding payments without notice to Buyer (or its assigns) if such new instructions require such Obligor to make payments to another existing Collection AccountAccount or Lock-Box.
Appears in 4 contracts
Sources: Receivables Sale Agreement (Marathon Petroleum Corp), Receivables Sale Agreement (Marathon Petroleum Corp), Receivables Sale Agreement (Marathon Petroleum Corp)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b), the Servicer Borrower will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑Box; provided, however, that the Servicer Borrower may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 4 contracts
Sources: Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b), the Servicer such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent Agents and ▇▇▇▇▇ Fargo shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Convergys Corp), Receivables Purchase Agreement (Convergys Corp)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b), the Servicer such Loan Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) 10 days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; providedPROVIDED, howeverHOWEVER, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 2 contracts
Sources: Credit and Security Agreement (Spherion Corp), Credit and Security Agreement (Spherion Corp)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b), the Servicer such Seller Party will not add or terminate any bank as a (a) Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments without notice to the Administrative Agent if such new instructions require such Obligor to make payments to another existing Collection AccountAccount or Lock‑Box.
Appears in 2 contracts
Sources: Receivables Sale Agreement (Marathon Petroleum Corp), Receivables Purchase Agreement (Marathon Petroleum Corp)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent or the Managing Agents pursuant to Section 6.2(b8.2(b), the Servicer such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent and each Managing Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Timken Co), Receivables Purchase Agreement (Timken Co)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b), the Servicer such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent and each Managing Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (LKQ Corp), Receivables Purchase Agreement (LKQ Corp)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b)9.03, the Servicer Seller will not add or terminate any bank as a Collection Account Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date thereforthereof, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Account Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Control Agreement and Lock-Box Transfer Notice, as applicable with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection AccountAccount or Lock-Box.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Newell Brands Inc.)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b), the Servicer such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent and the PurchasersManaging Agents shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Sources: Amendment (Insight Enterprises Inc)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b), the Servicer Borrower will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer Borrower may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Sources: Credit and Security Agreement (Martin Marietta Materials Inc)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.02(b), neither the Borrower nor the Servicer will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (ia) written notice of such addition, termination or change and (iib) with respect to the addition of a Collection Bank or the addition of a Lock-Box or Collection Account or Lock‑BoxAccount, an executed Collection Account Agreement with respect to the new Lock-Box or Collection Account or Lock‑BoxAccount; provided, however, provided that the Servicer Borrower may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Change in Payment Instructions to Obligors. Except as may be required by Without the prior written consents of the Buyer and the Administrative Agent pursuant to Section 6.2(b)Agent, the Servicer such Originator will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent Buyer (or its assigns) shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer such Originator may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Sources: Receivables Sale Agreement (Louisiana Pacific Corp)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b), the Servicer such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent Agents and Wachovia shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(bSECTION 8.2(b), the Servicer such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; providedPROVIDED, howeverHOWEVER, that the Master Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Thomas & Betts Corp)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b)8.02(b) of the Credit Agreement, the Servicer Seller will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Buyer and the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or the addition of a Lock-Box or Collection Account or Lock‑BoxAccount, an executed Collection Account Agreement with respect to the new Lock-Box or Collection Account or Lock‑BoxAccount; provided, however, provided that the Servicer Seller may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Sources: Receivables Sale Agreement (Anixter International Inc)
Change in Payment Instructions to Obligors. Except as may be required by Without the consent of the Buyer and the Administrative Agent pursuant to Section 6.2(b(as Buyer's assignee), the Servicer Originator will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent Buyer (or its assigns) shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; providedPROVIDED, howeverHOWEVER, that the Servicer such Originator may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Fisher Scientific International Inc)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b)8.2(b) of the Purchase Agreement, the Servicer Originator will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless Buyer and the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer Originator may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b)9.03, the Servicer will not add or terminate any bank as a Collection Account Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date thereforthereof, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Account Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Control Agreement and Lock-Box Transfer Notice, as applicable with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection AccountAccount or Lock-Box.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Newell Brands Inc.)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b) or as otherwise permitted in Section 8.2(a), the Servicer such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection AccountAccount that is subject to an executed Collection Account Agreement.
Appears in 1 contract
Sources: Receivables Financing Agreement (Syncor International Corp /De/)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b), the Servicer such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent Agents shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; providedPROVIDED, howeverHOWEVER, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b)8.2(b) of the Purchase Agreement, the Servicer Originator will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless Buyer and the Administrative Agent shall have received, at least ten (10) 10 days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer Originator may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b8.2(b), the Servicer such Seller Party will not add or terminate any bank as a (a) Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments without notice to the Administrative Agent if such new instructions require such Obligor to make payments to another existing Collection AccountAccount or Lock-Box.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Marathon Petroleum Corp)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b)) of the Credit and Security Agreement, the Servicer will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Sources: Purchase and Contribution Agreement (Martin Marietta Materials Inc)
Change in Payment Instructions to Obligors. Except as may be required by the Administrative Agent pursuant to Section 6.2(b), the Servicer will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors under any Receivables regarding payments to be made to any Lock‑Box Lock-Box or Collection Account, unless the Administrative Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock‑BoxLock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock‑BoxLock-Box; provided, however, that the Servicer may make changes in instructions to any such Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
Appears in 1 contract
Sources: Credit and Security Agreement (Martin Marietta Materials Inc)