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.
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Samples: Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp)
Cancellation of Debt. No Borrower The Borrowers 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.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hill International, Inc.), Loan and Security Agreement (Lifeway Foods Inc)
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.
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Samples: Loan Agreement (Koss Corp)
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.
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Samples: Revolving Credit Agreement (American Land Lease Inc)
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.
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