Cancellation of Indebtedness. No Credit Party shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm’s-length basis and in the ordinary course of its business consistent with past practices.
Cancellation of Indebtedness. No Credit Party shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's-length basis and in the ordinary course of its business consistent with past practices.
Cancellation of Indebtedness. Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's-length basis and in the ordinary course of its business consistent with past practices.
Cancellation of Indebtedness. Borrower shall not (and shall not ---------------------------- permit any of its Subsidiaries to) cancel any claim or Indebtedness owing to it, except for reasonable consideration and in the ordinary course of its business, or voluntarily prepay any Indebtedness (other than the Obligations).
Cancellation of Indebtedness. No Loan Party shall cancel any material claim or Indebtedness owing to it, except for reasonable consideration and in the ordinary course of its business.
Cancellation of Indebtedness. Cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm’s-length basis.
Cancellation of Indebtedness. Borrower shall not and shall not permit any Subsidiary of Borrower to cancel any claim or debt owing to it, except for reasonable consideration and in the ordinary course of business.
Cancellation of Indebtedness. Neither Borrower nor any Subsidiary of Borrower shall cancel any claim or debt owing to it, except for (A) reasonable consideration negotiated on an arms length basis and in the ordinary course of its business consistent with past practices and (B) cancellation of Intercompany Loans permitted to be cancelled in accordance with Section 6.2 hereof.
Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 3 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $33,750 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.
Cancellation of Indebtedness. No Loan Party shall cancel any claim or Indebtedness owing to it, except for adequate consideration negotiated in an arms length transaction and in the ordinary course of its business consistent with past practices.
