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

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.

Appears in 2 contracts

Samples: Credit Agreement (Aviall Inc), Credit Agreement (Aviall Inc)

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Cancellation of Indebtedness Owed to It. Neither Holdings the Company nor the any Borrower shall, and neither nor shall they permit any of its their respective Subsidiaries to, cancel any claim or Indebtedness owed to any of them it except in the ordinary course of business consistent with past practice.

Appears in 2 contracts

Samples: Credit Agreement (Suntron Corp), Credit Agreement (Suntron Corp)

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