Cancellation of Debt. Each Borrower will not, and will not permit any of its Subsidiaries to, cancel any liability or debt owed to it, except for consideration in the ordinary course of business.
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Samples: Loan and Security Agreement (Del Global Technologies Corp), Loan and Security Agreement (Del Global Technologies Corp)
Cancellation of Debt. Each Borrower will not, and will not permit any of its Domestic Subsidiaries to, cancel any liability or debt owed to it, except for consideration in the ordinary course of business.
Appears in 1 contract
Samples: Loan and Security Agreement (Del Global Technologies Corp)
Cancellation of Debt. Each The Borrower will shall not, and will shall not permit any of its Subsidiaries to, cancel any liability claim or debt owed to itthe Borrower or such Subsidiary, except for consideration reasonably equivalent value and in the ordinary course of its business.
Appears in 1 contract
