Common use of Changes in Underwriting or Other Policies Clause in Contracts

Changes in Underwriting or Other Policies. Company shall provide the Administrative Agent with prior written notice of any change or modification to the Underwriting Policies that would reasonably be expected to be adverse to the Lenders. Without the prior consent of the Requisite Lenders, such consent not to be unreasonably withheld, conditioned or delayed (with any such consent being deemed to be automatically granted by the Requisite Lenders on the fifteenth (15th) calendar day after the Requisite Lenders confirm receipt of notice of the applicable change unless the Requisite Lenders shall have notified the Company in writing that the requested consent is not being provided and its rationale therefor), the Company shall not (a) make any change to the Underwriting Policies that would reasonably be expected to be materially adverse to the Lenders (provided, that any change to the Underwriting Policies which (A) has the effect of modifying the Eligibility Criteria or (B) changes the calculation of the Borrowing Base shall be deemed to be materially adverse to the Lenders for purposes of this Section 6.11) or (b) make any change to the forms of Receivable Agreements used in connection with the origination of Eligible Loans that, in any such case, would reasonably be expected to (i) result in the occurrence of an Event of Default or (ii) materially and adversely affect (x) the amount or timing of payments to be made to the Lenders pursuant to this Agreement or (y) the existence, perfection, priority or enforceability of any security interest in a material amount of the Eligible Receivables taken as a whole or in any material part.

Changes in Underwriting or Other Policies. Company shall provide the Administrative Agent with prior written notice of any change or modification to the Underwriting Policies that would reasonably be expected to be adverse to the Lenders. Without the prior consent of the Requisite LendersAdministrative Agent, such consent not to be unreasonably withheld, conditioned or delayed (with any such consent being deemed to be automatically granted by the Requisite Lenders Administrative Agent on the fifteenth thirteenth (15th13th) calendar day Business Day after the Requisite Lenders confirm receipt of Administrative Agent receives notice of the applicable change unless the Requisite Lenders Administrative Agent shall have notified the Company in writing that the requested consent is not being provided and its rationale therefor), the Company shall not agree to, and shall cause Holdings not to, (a) make any change to (i) the forms of Business Loan and Security Agreement, Business Loan and Security Agreement Supplement and Loan Summary used to originate Receivables from the form provided to the Administrative Agent prior to the Closing Date, or (ii) the form of Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debit) used in connection with the origination of Loans in substantially the form provided to the Administrative Agent on or prior to the Closing Date that, in any such case, would reasonably be expected to be adverse to the Lenders, or (b) make any change to the Underwriting Policies that would reasonably be expected to be materially adverse to the Lenders (provided, that any change to the Underwriting Policies which (A) has the effect of modifying the Eligibility Criteria or (B) in a manner which changes the calculation of the Borrowing Base shall be deemed to be materially adverse to the Lenders for purposes of this Section 6.11) or (b) make any change to the forms of Receivable Agreements used in connection with the origination of Eligible Loans that, in any such case, would reasonably be expected to (i) result in the occurrence of an Event of Default or (ii) materially and adversely affect (x) the amount or timing of payments to be made to the Lenders pursuant to this Agreement or (y) the existence, perfection, priority or enforceability of any security interest in a material amount of the Eligible Receivables taken as a whole or in any material part6.17).

Changes in Underwriting or Other Policies. Company shall provide the Administrative Agent and the Requisite Class B Revolving Lenders with prior written notice of any change or modification to the Underwriting Policies that would reasonably be expected to be materially adverse to the Lenders. Without the prior consent of the Administrative Agent and the Requisite Class B Revolving Lenders, such consent not to be unreasonably withheld, conditioned or delayed (with any such consent being deemed to be automatically granted by the Administrative Agent and the Requisite Class B Revolving Lenders on the fifteenth seventh (15th7th) calendar day Business Day after the Administrative Agent and the Requisite Class B Revolving Lenders confirm receipt of receives notice of the any such applicable change unless the Administrative Agent or the Requisite Class B Revolving Lenders shall have notified the Company in writing that the requested consent is not being provided and its rationale therefor), the Company shall not agree to, and shall cause Holdings not to, (a) make any change to the forms of Receivable Agreements used in connection with the origination of Loans that, in any such case, would reasonably be expected to result in an Adverse Effect, or (b) make any change to the Underwriting Policies Policies, in each case, that would reasonably be expected to be materially adverse to the Lenders (provided, that any change to the Underwriting Policies which (A) has the effect of modifying the Eligibility Criteria or (B) in a manner which changes the calculation of the Class A Borrowing Base and the Class B Borrowing Base shall be deemed to be materially adverse to the Lenders for purposes of this Section 6.11) or (b) make any change to the forms of Receivable Agreements used in connection with the origination of Eligible Loans that, in any such case, would reasonably be expected to (i) result in the occurrence of an Event of Default or (ii) materially and adversely affect (x) the amount or timing of payments to be made to the Lenders pursuant to this Agreement or (y) the existence, perfection, priority or enforceability of any security interest in a material amount of the Eligible Receivables taken as a whole or in any material part6.16).