Cancellation of Indebtedness Owed to It Sample Clauses

Cancellation of Indebtedness Owed to It. The Borrower shall not, and shall not permit any of its Subsidiaries to, cancel any material claim or Indebtedness owed to any of them except in the ordinary course of business.
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Cancellation of Indebtedness Owed to It. Cancel, or permit any Subsidiary to cancel, any claim or Indebtedness owed to it except for legitimate business purposes in the reasonable judgment of Borrowers and in the ordinary course of business.
Cancellation of Indebtedness Owed to It. The Borrower shall not cancel, or permit any of its Subsidiaries to cancel, any claim or Indebtedness owed to it except for adequate consideration or in the ordinary course of business.
Cancellation of Indebtedness Owed to It. The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, cancel any material claim or Indebtedness owed to any of them except (a) in the ordinary course of business, or (b) if such Indebtedness is owed by a Guarantor to a Loan Party (other than the Parent), and such Indebtedness is either (i) cancelled in exchange for Stock of such Guarantor, (ii) converted into Stock of such Guarantor or (iii) converted such that it increases the paid-in-capital of such Loan Party in such Guarantor.
Cancellation of Indebtedness Owed to It. Cancel any claim or Indebtedness owed to it except for legitimate business purposes in the reasonable judgment of Borrower and in the ordinary course of business.
Cancellation of Indebtedness Owed to It. Cancel any Indebtedness owed to it.
Cancellation of Indebtedness Owed to It. No Loan Party shall cancel, or permit any of its Subsidiaries to cancel, any claim or Indebtedness owed to it except for adequate consideration and in the ordinary course of business, except to the extent that such cancellation occurs in connection with the consummation of a plan of reorganization or liquidation of the obligor under such Indebtedness and such cancellation would not have a Material Adverse Effect.
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Cancellation of Indebtedness Owed to It. The Borrower will not, and will not permit any of the Restricted Subsidiaries to, cancel any claim or Indebtedness owed to it except in the ordinary course of business consistent with past practice.
Cancellation of Indebtedness Owed to It. Neither Holdings nor the Borrower shall, and neither shall permit any of its Subsidiaries to, cancel any claim or Indebtedness owed to any of them except in the ordinary course of business consistent with past practice.
Cancellation of Indebtedness Owed to It. Cancel, or permit any Subsidiary to cancel, any claim or Indebtedness owed to it, except (a) in the ordinary course of business for legitimate business purposes in the reasonable judgment of Borrower or the Subsidiary or (b) the cancelation of Indebtedness of Borrower or any Subsidiary so long as such Indebtedness is not owed to a Loan Party by a Person that is not a Loan Party.
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