Modifications to Contracts. Except as otherwise permitted in its capacity as Servicer pursuant to the Purchase Agreement, it will not extend, amend or otherwise modify the payment terms of any Receivable or any Contract related to such Receivable in any material respect other than in accordance with the Credit and Collection Policy.
Appears in 2 contracts
Sources: Receivables Sale Agreement (Sensient Technologies Corp), Receivables Sale Agreement (Kapstone Paper & Packaging Corp)
Modifications to Contracts. Except as otherwise permitted in its capacity as Master Servicer pursuant to the Receivables Purchase Agreement, it will not extend, amend or otherwise modify the payment terms of any Receivable or any Contract related to such Receivable in any material respect other than in accordance with the Credit and Collection PolicyPolicy or as required by applicable Law.
Appears in 1 contract
Sources: Receivables Sale Agreement (MSC Industrial Direct Co Inc)