Common use of Extension or Amendment of Contract Terms Clause in Contracts

Extension or Amendment of Contract Terms. Extend, amend, waive or ---------------------------------------- otherwise modify the terms of any Contract (other than by way of a Permitted Deferral or in accordance with Customary Practices), or permit the rescission or cancellation of any Contract, whether for any reason relating to a negative change in the related Obligor's creditworthiness or inability to make any payment under the Contract or otherwise; provided, however, that the following -------- ------- modifications may be made to a Pledged Contract from time to time: (i) extensions which are Permitted Deferrals, (ii) amendments, entered into in accordance with Customary Practices and Credit Standards and Collections Policies, which do not reduce the amount or extent the maturity of required Payments, and (iii) modifications in the applicability of a PAC (which will, among other things, result in a change in the relevant Contract Rate).

Extension or Amendment of Contract Terms. Extend, amend, waive or ---------------------------------------- otherwise modify the terms of any Contract (other than by way of a Permitted Deferral or in accordance with Customary Practices)Pledged Contract, or permit the rescission or cancellation of any Pledged Contract, whether for any reason relating to a negative change in the related Obligor's creditworthiness or inability to make any payment under the Pledged Contract or otherwise; provided, however, that the --------- ------- following -------- ------- modifications may be made to a Pledged Contract from time to time: (i) extensions which are Permitted Deferrals, (ii) amendments, amendments entered into in accordance with Customary Practices and Credit Standards and Collections Policies, which do not reduce the amount or extent extend the maturity of required Payments, and (iii) modifications in the applicability of a PAC (which will, among other things, result in a change in the relevant Contract Rate).

Extension or Amendment of Contract Terms. Extend, amend, waive or ---------------------------------------- ------------------------------------------ otherwise modify the terms of any Contract (other than by way of a Permitted Deferral or in accordance with Customary Practices)Pledged Contract, or permit the rescission or cancellation of any Pledged Contract, whether for any reason relating to a negative change in the related Obligor's creditworthiness or inability to make any payment under the Pledged Contract or otherwise; provided, however, that the following -------- ------- modifications may be made to a Pledged Contract from time to time: (i) extensions which are Permitted Deferrals, (ii) amendments, amendments entered into in accordance with Customary Practices and Credit Standards and Collections Policies, which do not reduce the amount or extent extend the maturity of required Payments, and (iii) modifications in the applicability of a PAC (which will, among other things, result in a change in the relevant Contract Rate).

Extension or Amendment of Contract Terms. Extend, amend, waive or ---------------------------------------- otherwise modify the terms of any Contract (other than by way of a Permitted Deferral or in accordance with Customary Practices)Pledged Contract, or permit the rescission or cancellation of any Pledged Contract, whether for any reason relating to a negative change in the related Obligor's creditworthiness or inability to make any payment under the Pledged Contract or otherwise; provided, however, that the following -------- ------- modifications may be made to a -------- ------- Pledged Contract from time to time: (i) extensions which are Permitted Deferrals, (ii) amendments, amendments entered into in accordance with Customary Practices and Credit Standards and Collections Policies, which do not reduce the amount or extent extend the maturity of required Payments, and (iii) modifications in the applicability of a PAC (which will, among other things, result in a change in the relevant Contract Rate).