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.
Appears in 5 contracts
Samples: Credit Agreement (Babcock & Wilcox Co), Credit Agreement (Babcock & Wilcox Co), Credit Agreement (McDermott International Inc)
Cancellation of Indebtedness Owed to It. The Neither the Company nor any Borrower shall, nor shall not, and shall not they permit any of its their respective Subsidiaries to, cancel any material claim or Indebtedness owed to any of them it except in the ordinary course of businessbusiness consistent with past practice.
Appears in 2 contracts
Samples: Credit Agreement (Suntron Corp), Credit Agreement (Suntron Corp)
Cancellation of Indebtedness Owed to It. The Borrower shall will not, and shall will not permit any of its Subsidiaries to, cancel any material claim or Indebtedness owed to any of them it except for reasonable consideration and in the ordinary course of businessbusiness consistent with the past practice.
Appears in 2 contracts
Samples: Subordinated Credit Agreement (National Steel Corp), Security Agreement (National Steel Corp)
Cancellation of Indebtedness Owed to It. The Neither Holdings nor the Borrower shall, or shall not, and shall not permit any of its their respective Subsidiaries to, cancel any material claim or Indebtedness owed to any of them except in the ordinary course of businessbusiness consistent with past practice or as permitted by Section 8.12(a) (Payment of Debt; Modification of Debt Agreements).
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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 it except for reasonable consideration and in the ordinary course of businessbusiness consistent with the past practice.
Appears in 1 contract
Samples: Pledge and Security Agreement (National Steel Corp)
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 businessbusiness consistent with past practice.
Appears in 1 contract
Samples: Credit Agreement (Washington Group International Inc)
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 it except for adequate consideration and in the ordinary course of businessbusiness and except for the loans and advances referred to in Section 7.6(c).
Appears in 1 contract
Samples: Credit Agreement (Intergraph Corp)
Cancellation of Indebtedness Owed to It. The No Borrower shall notcancel, and shall not or permit any of its Subsidiaries toto cancel, cancel any material claim or Indebtedness owed to any of them 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 Each Borrower shall not, and shall not permit any of its respective Subsidiaries to, cancel any material claim or Indebtedness owed to any of them it except for reasonable consideration and in the ordinary course of businessbusiness consistent with the past practice.
Appears in 1 contract
Samples: Credit Agreement (Silver Cinemas International Inc)
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 it except in the ordinary course of businessbusiness consistent with past practice.
Appears in 1 contract
