Common use of Cancellation of Debt Clause in Contracts

Cancellation of Debt. No Borrower shall and shall not permit any Subsidiary to, cancel any claim or debt owing to it, except for (i) trade or volume discount, allowance, discount, rebate or adjustment granted to Account Debtors in the ordinary course of such Borrower’s business consistent with past practices and (ii) other cancellations for reasonable consideration or in the ordinary course of business.

Cancellation of Debt. No The Borrower shall not, and shall not permit any Subsidiary to, cancel any claim or debt owing to it, except for (i) trade or volume discount, allowance, discount, rebate or adjustment granted to Account Debtors in the ordinary course of such Borrower’s business consistent with past practices and (ii) other cancellations exchange for reasonable consideration or consideration, in the ordinary course of business, or (ii) the cancellation of account receivables for doubtful collections to non-Affiliates in an aggregate amount not to exceed $100,000.00 per account.

Cancellation of Debt. No Borrower shall not, and shall not permit any Subsidiary to, cancel any claim or debt owing to it, except for (i) trade or volume discount, allowance, discount, rebate or adjustment granted to Account Debtors in the ordinary course of such Borrower’s business consistent with past practices and (ii) other cancellations for reasonable consideration or in the ordinary course of business.

Cancellation of Debt. No The Borrower shall not, and shall not permit any Subsidiary to, cancel any claim or debt owing to it, except for (i) trade or volume discount, allowance, discount, rebate or adjustment granted to Account Debtors in the ordinary course of such Borrower’s business consistent with past practices and (ii) other cancellations for reasonable consideration or in the ordinary course of businessbusiness or otherwise consistent with Borrower’s historical practices with regard to its accounts receivable.