Common use of Certain Agreements on Receivables Clause in Contracts

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 29 contracts

Samples: Security Agreement (Pinstripes Holdings, Inc.), Pledge and Security Agreement (Banyan Acquisition Corp), Pledge and Security Agreement (Myriad Genetics Inc)

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Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of a Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 10 contracts

Samples: Pledge and Security Agreement (Star Group, L.P.), Pledge and Security Agreement (Star Group, L.P.), Pledge and Security Agreement (Star Group, L.P.)

Certain Agreements on Receivables. Such The Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of a Default, such the Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 7 contracts

Samples: Pledge and Security Agreement (Magnetek Inc), Pledge and Security Agreement (Magnetek Inc), Pledge and Security Agreement (Magnetek Inc)

Certain Agreements on Receivables. Such The Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such the Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 7 contracts

Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mountain Valley Spring Co)

Certain Agreements on Receivables. Such Other than in the ordinary course of business, no Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such a Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 3 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Planet Fitness, Inc.), Pledge and Security Agreement (Planet Fitness, Inc.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, that such Grantor may reduce the amount of Accounts arising from the sale of Inventory take any such action listed above in accordance with its present policies and in the ordinary course of businessreasonable business judgment.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Essendant Inc), Term Loan Pledge and Security Agreement (Global Brass & Copper Holdings, Inc.), Abl Pledge and Security Agreement (Global Brass & Copper Holdings, Inc.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an so long as no Event of DefaultDefault shall have occurred and be continuing, such Grantor may reduce the amount of Accounts arising from the sale of Inventory any Receivable in accordance with its present policies and in the ordinary course of businessbusiness or otherwise as appropriate in its commercially reasonable business judgment.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Smithfield Foods Inc), Pledge and Security Agreement (Smithfield Foods Inc), Pledge and Security Agreement (Smithfield Foods Inc)

Certain Agreements on Receivables. Such Other than in the ordinary course of business consistent with its past practice, such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (NBC Acquisition Corp), Guarantee and Collateral Agreement (NBC Acquisition Corp), Guarantee and Collateral Agreement (Nebraska Book Co)

Certain Agreements on Receivables. Such No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of a Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of business.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Tesoro Corp /New/), Security Agreement (Tesoro Corp /New/), Security Agreement (Tesoro Trading Co)

Certain Agreements on Receivables. Such No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such any Grantor may reduce the amount of Accounts arising Accounts, whether from the sale of Inventory or otherwise, in accordance with its present policies and in the ordinary course of business.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Neiman Marcus Group Inc), Pledge and Security Agreement (Neiman Marcus, Inc.), Pledge and Security Agreement (Neiman Marcus Group Inc)

Certain Agreements on Receivables. Such At any time that the Payment Conditions are not satisfied, such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable any Account or accept in satisfaction of a Receivable any Account less than the original amount thereof, except that, prior to the occurrence of an Event of Default, that such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Postmedia Network Canada Corp.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Tile Shop Holdings, Inc.), Pledge and Security Agreement (Dril-Quip Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may discount, credit, rebate or otherwise reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Escalade Inc), Pledge and Security Agreement (Escalade Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence and continuance of an Event of Default, such Grantor may or agree to reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Us Concrete Inc), Pledge and Security Agreement (Us Concrete Inc)

Certain Agreements on Receivables. Such During the occurrence and continuation of an Event of Default, the Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior . Prior to the occurrence and continuation of an Event of Default, such the Grantor may reduce the amount of Accounts arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (KonaRed Corp), Pledge and Security Agreement (Acusphere Inc)

Certain Agreements on Receivables. Such The Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such the Grantor may discount, credit, rebate or otherwise reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Escalade Inc), Pledge and Security Agreement (Escalade Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, that such Grantor may reasonably reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Natural Gas Services Group Inc), Pledge and Security Agreement (Natural Gas Services Group Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory or rendering of services in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (InfuSystem Holdings, Inc), Pledge and Security Agreement (InfuSystem Holdings, Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and each case in the ordinary course of business.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (TMS International Corp.)

Certain Agreements on Receivables. Such No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such the applicable Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Systemax Inc), Pledge and Security Agreement (Systemax Inc)

Certain Agreements on Receivables. Such No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an while no Event of DefaultDefault has occurred and is continuing, such any Grantor may reduce the amount of Accounts arising Accounts, whether from the sale of Inventory in accordance with its present policies and or otherwise, in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Petco Holdings Inc), Pledge and Security Agreement (Petco Holdings Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence and continuation of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Fiesta Restaurant Group, Inc.), Pledge and Security Agreement (Fiesta Restaurant Group, Inc.)

Certain Agreements on Receivables. Such The Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of a Default or an Event of Default, such the Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Overhill Farms Inc), Senior Secured Credit Agreement (Overhill Farms Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, that such Grantor may or agree to reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Westmoreland Energy LLC), Pledge and Security Agreement (WESTMORELAND COAL Co)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an so long as no Event of DefaultDefault has occurred and is continuing, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and or in the ordinary course of business.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Daktronics Inc /Sd/), Pledge and Security Agreement (Daktronics Inc /Sd/)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business, or as otherwise permitted pursuant to the Credit Agreement.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Griffon Corp), Pledge and Security Agreement (Griffon Corp)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of DefaultDefault that is continuing , such Grantor may reduce the amount of Accounts arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of businessbusiness and as otherwise permitted under the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Farmer Brothers Co), Pledge and Security Agreement (Farmer Brothers Co)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce discount or adjust the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Altra Holdings, Inc.)

Certain Agreements on Receivables. Such Except as otherwise permitted in the Credit Agreement, the Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of a Default, such the Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Daisytek International Corporation /De/)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an so long as no Event of DefaultDefault has occurred and is continuing, such Grantor may reduce the amount of Accounts arising from the sale of Inventory take such actions in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Exactech Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence and continuation of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of businessbusiness and as otherwise permitted under the Credit Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Gorman Rupp Co)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an so long as no Event of DefaultDefault exists, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (A. H. Belo CORP)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Ethan Allen Interiors Inc)

Certain Agreements on Receivables. Such Upon the occurrence and during the continuance of an Event of Default, such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence existence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Ascena Retail Group, Inc.)

Certain Agreements on Receivables. Such No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such that a Grantor may reduce the amount of Accounts arising from the sale of Inventory Inventory, Chattel Paper or Instruments in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Astec Industries Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of businessbusiness and as otherwise permitted under the Credit Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Farmer Brothers Co)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (WatchGuard, Inc.)

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Certain Agreements on Receivables. Such Grantor will not make or agree to make any material discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereofthereof (other than a Permitted Receivables Related Asset), except that, prior to the occurrence and continuation of an Event of Default, such Grantor may reduce the amount of Accounts owing on any Receivable arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of businessbusiness (or as otherwise permitted by the Credit Agreement).

Appears in 1 contract

Samples: Pledge and Security Agreement (Tredegar Corp)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that(i) in the case of delinquent Accounts (that are not Eligible Accounts) in connection with the compromise, prior to settlement or collection thereof in the ordinary course of business and (ii) other than after the occurrence and during the continuance of an Event of Default, such Grantor may discount, credit, rebate and reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Archrock Partners, L.P.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of at any time an Event of DefaultDefault does not exist, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of businessbusiness or as otherwise permitted by Section 6.05 of the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Furniture Brands International Inc)

Certain Agreements on Receivables. Such (a) No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable an Account or accept in satisfaction of a Receivable an Account less than the original amount thereof, except that, prior to the occurrence of an Event of a Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Quiksilver Inc)

Certain Agreements on Receivables. Such No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such any Grantor may reduce the amount of Accounts arising other than Credit Card Processor Accounts, whether from the sale of Inventory or otherwise, in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Neiman Marcus, Inc.)

Certain Agreements on Receivables. Such After the occurrence and during the continuation of an Event of Default, such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof; provided, except that, prior to the occurrence of an that so long as no Event of DefaultDefault exists, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business, all in accordance with the terms of the Intercreditor Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Wesco International Inc)

Certain Agreements on Receivables. Such No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts accounts arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Tesoro Corp /New/)

Certain Agreements on Receivables. Such No Grantor (other than Borrower) will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Electronic Cigarettes International Group, Ltd.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, (i) pursuant to written contracts with its customers or (ii) otherwise prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business, including the Borrowers’ policy of providing chargeback credit to certain of its distributors.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mgi Pharma Inc)

Certain Agreements on Receivables. Such No Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of a Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its consistent past practice and present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Xeta Corp)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory or the providing of services in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Par Technology Corp)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Tetra Technologies Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence and continuance of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Landec Corp \Ca\)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of businessbusiness consistent with past practice.

Appears in 1 contract

Samples: Pledge and Security Agreement (Rand Worldwide Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of a Default, such Grantor may reduce the amount of Accounts arising from the sale performance of Inventory services in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Techteam Global Inc)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies reasonable commercial judgment and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Aleris Corp)

Certain Agreements on Receivables. Such The Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an so long as no Event of DefaultDefault then exists, such the Grantor may reduce the amount of Accounts arising from the sale or lease of Inventory or providing of services in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Superior Offshore International Inc.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory Receivables in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (CSK Auto Corp)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory take such actions in accordance with its present policies and in the ordinary course of businessreasonable business judgment.

Appears in 1 contract

Samples: Security Agreement (Vista Proppants & Logistics Inc.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of at any time that an Event of DefaultDefault does not exist, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Climb Global Solutions, Inc.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except thatexcept, prior to other than upon the occurrence and during the continuance of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of businessbusiness and in its good faith business judgment.

Appears in 1 contract

Samples: Pledge and Security Agreement (Intapp, Inc.)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an so long as no Event of DefaultDefault has occurred and is continuing, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Virtusa Corp)

Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable (other than early payment discounts, performance rebates and similar adjustments negotiated in the ordinary course of business) or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of a Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory and the provision of services in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Kelly Services Inc)

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