Common use of Cancellation of Debt Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement (A-Mark Precious Metals, Inc.), Credit Agreement (A-Mark Precious Metals, Inc.), Credit Agreement (A-Mark Precious Metals, Inc.)

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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 $1,000,000 100,000 in any Fiscal Year.

Appears in 2 contracts

Samples: Credit Agreement (Thane International Inc), Credit Agreement (Thane International Inc)

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lifeway Foods Inc), Credit Agreement (Clarion Technologies Inc/De/)

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 25,000 in any Fiscal Year.

Appears in 1 contract

Samples: Loan and Security Agreement (Pernix Group, Inc.)

Cancellation of Debt. Not cancel 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 $1,000,000 100,000 in any Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (Ennis, Inc.)

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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 $1,000,000 100,000 in any Fiscal Year.

Appears in 1 contract

Samples: Loan and Security Agreement (Kingsway Financial Services Inc)

Cancellation of Debt. Not cancel 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 $1,000,000 250,000 in any Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (Ennis, Inc.)

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