Common use of Cancellation of Debt Clause in Contracts

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, 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, and not permit any Subsidiary to, cancel any claim or debt 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, 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 10,000.00 in any Fiscal Year.

Cancellation of Debt. NotThe Borrower shall not, and not permit any Subsidiary to, cancel any claim or debt owing to it, except (i) in exchange for reasonable consideration or consideration, in the ordinary course of business, and except for or (ii) the cancellation of debts or claims account receivables for doubtful collections to non-Affiliates in an aggregate amount not to exceed $250,000 in any Fiscal Year100,000.00 per account.

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 $250,000 100,000 in any Fiscal Year.

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, 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.busine(S)

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 $250,000 500,000 in any Fiscal Year.

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, 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 between one UTi Group Company and another, and cancellation of debts or claims not to exceed in the aggregate $250,000 100,000.00 in any Fiscal Year.

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 10,000 in any Fiscal Year.

Cancellation of Debt. Not, and not permit any Subsidiary to, to (i) 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 debts, or claims not (ii) cancel, settle or otherwise waive any rights in respect of any Existing Claim except any settlement or waiver determined by the Company or such Subsidiary to exceed $250,000 be advantageous to or in any Fiscal Yearthe best interests of the Company or such Subsidiary in its reasonable business judgment.