Modifications of Receivables Clause Samples

Modifications of Receivables. The Seller and, in the case of the SUBI Seller, the Titling Trust, shall not extend, amend, forgive, discharge, compromise, cancel, waive or otherwise modify the terms or conditions of any Receivable except (i) as permitted under the Servicing Agreement and, (ii) to the extent that such extension, amendment, forgiveness, discharge, compromise, cancellation, waiver or modification, does not affect the Purchaser’s ownership or beneficial ownership interest in such Receivable and does not negatively impact the ultimate collectability of such Receivable.
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Modifications of Receivables. The Servicer shall not reschedule, revise downward or defer payments on a Receivable or modify the terms or conditions of the related contract in a manner adverse to the Trust unless the Agent shall have consented in writing to the same, provided that terminating or initiating electronic deductions from bank accounts of Obligors and adjustment in the related Receivable Rate, each in accordance with the terms of the related Receivables Documents, will not constitute a modification of the related Receivable.
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Modifications of Receivables. Except in connection with a reduction or increase in the interest rate not in excess of 1.0% in respect of an Obligor's election to begin or cease making payments via pre-authorized checking, in connection with Upgrades or in connection with modifications to comply with the Servicemembers Civil Relief Act, the Servicer shall not reschedule, revise downward or defer payments on a Receivable or modify the terms or conditions of the related Contract or Mortgage in a manner adverse to the Trust unless the Note Majority shall have consented in writing to the same; provided that the Servicer shall, without the consent of the Note Majority, be permitted to modify, waive or amend the terms or conditions of the related Contract with respect to Receivables representing not more than 1.00% of the aggregate advances made under the Notes in connection only with Workout Receivables.
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Modifications of Receivables. 34 Section 3.3. Realization Upon Receivables.............................. 36 Section 3.4. Insurance................................................. 37 Section 3.5. Maintenance of Security Interests in Vehicles............. 37 Section 3.6. Covenants, Representations and Warranties of Servicer................................... 38 Section 3.7. Purchase of Receivables Upon Breach of Covenant............................................
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Modifications of Receivables. Contracts or Credit and Collection ---------------------------------------------------------------- Policies. The Borrower shall not, without the prior written consent of the -------- Administrative Agent, (i) extend, amend, forgive, discharge, compromise, waive, cancel or otherwise modify the terms of any Transferred Receivable or amend, modify or waive any term or condition of any Contract related thereto, provided, -------- that the Borrower may authorize the Servicer to take such actions as are expressly permitted by the terms of any Related Document or the Credit and Collection Policies, or (ii) amend, modify or waive any term or provision of the Credit and Collection Policies.
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Related to Modifications of Receivables

  • Conditions of Initial Loans The obligation of each Bank to make its initial Loan hereunder is subject to the following conditions: (a) the Agents shall have received on or before the Closing Date all of the following, in form and substance satisfactory to each Agent and each Bank, and in sufficient copies for each Bank:

  • Additional Conditions to Obligations of Seller The obligations of Seller to consummate and effect the transactions contemplated hereby shall be subject to the satisfaction at or prior to the Closing of each of the following conditions, any of which may be waived, in writing, exclusively by Seller:

  • Conditions to Obligations of the Purchaser The obligations of the Purchaser to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or written waiver, at or prior to the Closing, of each of the following conditions:

  • CONDITIONS OF CONTRACT The contractor shall at all times observe and comply with federal and State laws, local laws, ordinances, orders, and regulations existing at the time of or enacted subsequent to the execution of this contract which in any manner affect the completion of the work. The contractor shall indemnify and save harmless the agency and all its officers, representatives, agents, and employees against any claim or liability arising from or based upon the violation of any such law, ordinance, regulation, order or decree by an employee, representative, or subcontractor of the contractor.

  • SPECIAL CONDITIONS OF CONTRACT The following Special Conditions of Contract (SCC) shall supplement and/or amend the General Conditions of Contract (GCC).Whenever there is a conflict, the provisions herein shall prevail over those in the GCC.