Cancellation of Debt. The Borrowers 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 2 contracts
Samples: Loan and Security Agreement (Hill International, Inc.), Loan and Security Agreement (Lifeway Foods Inc)
Cancellation of Debt. The Borrowers shall Borrower will not, and will not permit any Subsidiary of its Subsidiaries to, cancel any claim liability or debt owing owed to it, except for reasonable consideration or in the ordinary course of business.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hooper Holmes Inc), Loan and Security Agreement (Grand Toys International LTD)
Cancellation of Debt. The Borrowers 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
Cancellation of Debt. The Borrowers Borrower shall not, and shall not permit any Subsidiary toSubsidiary, 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 Borrowers 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: Revolving Credit Agreement (American Land Lease Inc)
Cancellation of Debt. The Borrowers Borrower shall notnot , 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 1 contract
Samples: Loan and Security Agreement (Primoris Services CORP)
