Common use of Adjustments and Allowances Clause in Contracts

Adjustments and Allowances. The Borrowers may grant such allowances or other adjustments to the Borrowers' Account Debtors as the Borrowers may reasonably deem to accord with sound business practice and consistent with the Borrowers' past practice, provided, however, the authority granted the Borrowers pursuant to this Section 6.3 may be limited or terminated by the Agent during the continuation of an Event of Default.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lechters Inc), Loan and Security Agreement (Lechters Inc)

AutoNDA by SimpleDocs

Adjustments and Allowances. The Borrowers Borrower may grant such allowances or other adjustments to the Borrowers' Borrower’s Account Debtors as the Borrowers Borrower may reasonably deem to accord with sound business practice and consistent with the Borrowers' past practice, provided, however, the authority granted the Borrowers Borrower pursuant to this Section 6.3 6-3 may be limited or terminated by the Agent during at any time after the continuation occurrence of an Event of DefaultDefault in the Agent’s discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)

Adjustments and Allowances. The Borrowers Borrower may grant such allowances or other adjustments to the Borrowers' Borrower's Account Debtors as the Borrowers Borrower may reasonably deem to accord with sound business practice and consistent with the Borrowers' past practice, provided, however, the authority granted the Borrowers Borrower pursuant to this Section 6.3 6-2 may be limited or terminated by the Agent Lender at any time after the occurrence, and during the continuation continuance, of an Event of DefaultDefault in the Agent's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

AutoNDA by SimpleDocs

Adjustments and Allowances. The Borrowers and Guarantors may grant such allowances or other adjustments to the Borrowers' Account Debtors as the Borrowers and Guarantors may reasonably deem to accord with sound business practice and consistent with the Borrowers' or Guarantors', as the case may be, past practice, providedPROVIDED, howeverHOWEVER, the authority granted the Borrowers and Guarantors pursuant to this Section 6.3 may be limited or terminated by the Agent during the continuation of an Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!