Common use of Cancellation of Indebtedness Owed to It Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement (Monaco Coach Corp /De/), Credit Agreement (Monaco Coach Corp /De/), Credit Agreement (Monaco Coach Corp /De/)

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Cancellation of Indebtedness Owed to It. Cancel, or permit any Subsidiary to cancel, any claim or Indebtedness owed to it it, except in the ordinary course of business for legitimate business purposes in the reasonable judgment of Borrowers and in Borrower or the ordinary course of businessSubsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Columbia Sportswear Co), Credit Agreement (Columbia Sportswear Co), Credit Agreement (Columbia Sportswear Co)

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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 Borrower and in the ordinary course of business.

Appears in 2 contracts

Samples: Credit Agreement (Penford Corp), Credit Agreement (Planar Systems Inc)

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