Administration of Accounts. After written notice by Lender to Borrower or without notice after an Event of Default, Borrower shall not, (a) amend, modify, settle or compromise any of the accounts or any other Collateral which includes a monetary obligation, (b) release in whole or in part any account debtor or other person liable for the payment of any of the accounts or any such other Collateral, or (c) grant any credits, discounts, allowances, deductions, return authorizations or the like with respect to any of the accounts or any such other Collateral.
Appears in 7 contracts
Samples: Loan and Security Agreement (Drugmax Com Inc), Loan and Security Agreement (Aviation Group Inc), Loan and Security Agreement (Cytogen Corp)
Administration of Accounts. After written notice by Lender to Borrower or without notice after an Event of Default, Borrower shall not, not (a) amend, modify, settle or compromise any of the accounts or any other Collateral which includes a monetary obligationAccounts, (b) release release, in whole or in part part, any account debtor or other person liable for the payment of any of the accounts or any such other Collateral, Collateral or (c) grant any credits, discounts, allowances, deductions, return authorizations or the like with respect to any of the accounts Account or any such other Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Adept Technology Inc), Loan and Security Agreement (Adept Technology Inc)
Administration of Accounts. After written notice by Lender to Borrower or without notice after an Event of Default, Borrower shall not, (a) amend, modify, settle or compromise any of the accounts or any other Collateral which includes a monetary obligation, (b) release in whole or in part any account debtor or other person liable for the payment of any of the accounts or any such other Collateral, or (c) grant any credits, discounts, allowances, deductions, return authorizations or the like with respect to any of the accounts or any such other Collateral.
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Samples: Loan and Security Agreement (Dynamic Health Products Inc)
Administration of Accounts. After written notice by Lender to Borrower or without notice after an Event of Default, Borrower shall not, (a) materially amend, modify, settle or compromise any of the accounts or any other Collateral which includes a monetary obligation, (b) release in whole or in part any account debtor or other person liable for the payment of any of the accounts or any such other Collateral, or (c) grant any credits, discounts, allowances, deductions, return authorizations or the like with respect to any of the accounts or any such other Collateral.
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