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.
Appears in 17 contracts
Samples: Loan and Security Agreement (Digital Ally, Inc.), Loan and Security Agreement (Dynatronics Corp), Loan and Security Agreement (Flux Power Holdings, Inc.)
Cancellation of Debt. The Borrower shall will not cancel any claim or debt owing owed to it, except for reasonable consideration or in the ordinary course of business.
Appears in 9 contracts
Samples: Loan and Security Agreement (Idt Corp), Loan and Security Agreement (Shopnow Com Inc), Loan and Security Agreement (Endocare Inc)
Cancellation of Debt. The Borrower shall 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.
Appears in 6 contracts
Samples: Loan and Security Agreement (Primoris Services CORP), Loan and Security Agreement (Hill International, Inc.), Loan and Security Agreement (Rhapsody Acquisition Corp.)
Cancellation of Debt. The Borrower shall will not cancel any claim or debt owing owed -------------------- to it, except for reasonable consideration or in the ordinary course of business.
Appears in 4 contracts
Samples: Annual Report, Loan and Security Agreement (Tut Systems Inc), Loan and Security Agreement (Trinagy Inc)
Cancellation of Debt. The Borrower shall not, and shall not permit any Subsidiary to, cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 3 contracts
Samples: Loan, Security and Pledge Agreement (DJSP Enterprises, Inc.), Senior Loan, Security and Pledge Agreement (DJSP Enterprises, Inc.), Loan and Security Agreement (Boyd Bros Transportation Inc)
Cancellation of Debt. The Each Borrower shall not cancel any claim or debt -------------------- owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 2 contracts
Samples: Loan and Security Agreement (Amrep Corp.), Loan and Security Agreement (Amrep Corp.)
Cancellation of Debt. The Borrower shall not cancel any material claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 2 contracts
Samples: Loan and Security Agreement (Amtech Systems Inc), Loan and Security Agreement (Amtech Systems Inc)
Cancellation of Debt. The Each Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 1 contract
Cancellation of Debt. The No Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 1 contract
Cancellation of Debt. The Borrower shall will not cancel any claim or debt owing owed to it, except for reasonable consideration or in the ordinary course of business.* *The foregoing provision shall not prohibit Borrower from forgiving any indebtedness existing on the date hereof of employees of Borrower owing to Borrower, provided that all such forgiven indebtedness does not exceed $350,000 in the aggregate.
Appears in 1 contract
Cancellation of Debt. The Borrower None of the Borrowers shall not cancel any material claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 1 contract
Samples: Loan and Security Agreement (Smithway Motor Xpress Corp)
Cancellation of Debt. The Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration or negotiated on an arm’s-length basis and in the ordinary course of businessits business consistent with past practices.
Appears in 1 contract
Samples: Loan Agreement
Cancellation of Debt. The Borrower Borrowers shall not cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 1 contract
Cancellation of Debt. The Borrower shall will not cancel any claim or debt owing owed to -------------------- it, except for reasonable consideration or in the ordinary course of business.
Appears in 1 contract
Cancellation of Debt. The Borrower shall will not cancel any claim or debt owing -------------------- owned to it, except for reasonable consideration or in the ordinary course of business.
Appears in 1 contract
Samples: Loan and Security Agreement (Pilot Network Services Inc)
Cancellation of Debt. The Borrower shall not, and shall not permit any Subsidiary, to cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 1 contract
Samples: Loan and Security Agreement (Parlux Fragrances Inc)
Cancellation of Debt. The Borrower shall not, and not permit any Restricted Subsidiary to, cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Appears in 1 contract
