Cancellation of Debt. The Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Cancellation of Debt. Not, and not permit any other Loan Party to, cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Cancellation of Debt. Not, and not permit any Subsidiary to, cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business, and except for the cancellation of debts or claims not to exceed $250,000 in any Fiscal Year.
Cancellation of Debt. Not cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business, and except for the cancellation of debts or claims not to exceed $1,000,000 in any Fiscal Year.
Cancellation of Debt. No Borrower shall and shall not permit any Subsidiary to, cancel any claim or debt owing to it, except for (i) trade or volume discount, allowance, discount, rebate or adjustment granted to Account Debtors in the ordinary course of such Borrower’s business consistent with past practices and (ii) other cancellations for reasonable consideration or in the ordinary course of business.
Cancellation of Debt. The Borrower shall not, and not permit any of the Operating Subsidiaries or any other Subsidiary to, cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Cancellation of Debt. Pubco will enter into agreements to cancel, satisfy or transfer all of its debt such that its liabilities as of Closing will not exceed $10,000.
Cancellation of Debt. Cancel any claim or Debt owing to it, other than (i) in connection with trade discounts granted in the Ordinary Course of Business consistent with past practices and (ii) so long as no Default or Event of Default is then outstanding, the cancellation of Debts or claims in connection with the resolution of good faith disputes relating thereto in accordance with the Ordinary Course of Business and consistent with the past business practices of such Loan Party in an amount not to exceed $500,000 in any Fiscal Year.
Cancellation of Debt. The Borrower will not cancel any liability or debt owed to it in respect of any item of Collateral other than for consideration in the ordinary course of business and liabilities or debts involving an outstanding amount less than or equal to $50,000.
Cancellation of Debt. Effective as of immediately following the consummation of the transactions set forth in Section 1(b), the [name of agreement] is hereby cancelled and terminated.
