Common use of Cancellation of Debt Clause in Contracts

Cancellation of Debt. Cancel any claim or Debt owing to it, other than (i) in connection with trade discounts granted in the Ordinary Course of Business consistent with past practices and (ii) so long as no Default or Event of Default is then outstanding, the cancellation of Debts or claims in connection with the resolution of good faith disputes relating thereto in accordance with the Ordinary Course of Business and consistent with the past business practices of such Loan Party in an amount not to exceed $500,000 in any Fiscal Year.

Cancellation of Debt. Cancel Not, and not permit any other Loan Party to, cancel any claim or Debt owing to it, other than (i) in connection with trade discounts or allowances granted in the Ordinary Course ordinary course of Business its business consistent with past practices practices, and (ii) so long as no Event of Default or Unmatured Event of Default is then outstanding, outstanding the cancellation of Debts or claims not to exceed $500,000 in any Fiscal Year, in the aggregate, in connection with the resolution of good faith disputes relating thereto in accordance with the Ordinary Course of Business and consistent with the past business practices of such Loan Party in an amount not to exceed $500,000 in any Fiscal Yearthereto.

Cancellation of Debt. Cancel Not, and not permit any other Loan Party to, cancel any claim or Debt owing to it, other than (i) in connection with trade discounts or allowances granted in the Ordinary Course ordinary course of Business its business consistent with past practices practices, and (ii) so long as no Event of Default or Unmatured Event of Default is then outstanding, the cancellation of Debts or claims not to exceed $500,000 in any Fiscal Year in connection with the resolution of good faith disputes relating thereto in accordance with the Ordinary Course of Business and consistent with the past business practices of such Loan Party in an amount not to exceed $500,000 in any Fiscal Yearthereto.