Common use of Certain Agreements on Receivables Clause in Contracts

Certain Agreements on Receivables. The Debtor 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 except during the continuance of a Default the Debtor 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 4 contracts

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

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Certain Agreements on Receivables. The Debtor 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 except during the continuance of a Default the an Event of Default, Debtor 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 4 contracts

Samples: Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc)

Certain Agreements on Receivables. The No Debtor 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 except during the continuance of a Default the an Event of Default, such Debtor 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 (Home Solutions of America Inc), Pledge and Security Agreement (Home Solutions of America Inc), Pledge and Security Agreement (Integrated Performance Systems Inc)

Certain Agreements on Receivables. The Debtor 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 and except during the continuance of a Default Default, the Debtor Borrower 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 (Teton Energy Corp), Pledge and Security Agreement (Chromcraft Revington Inc), Credit Agreement (Northland Cable Properties Four LTD Partnership)

Certain Agreements on Receivables. The Debtor 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 except during the continuance of a Default Default, the Debtor 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: Credit Agreement (P F Changs China Bistro Inc), Credit Agreement (P F Changs China Bistro Inc), Pledge and Security Agreement (Mobility Electronics Inc)

Certain Agreements on Receivables. The Such Debtor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable that constitutes Collateral or accept in satisfaction of a Receivable that constitutes Collateral less than the original amount thereof, except that, prior to the occurrence and except during the continuance of a Default the an Event of Default, such Debtor 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: Intercreditor Agreement (Vanguard Natural Resources, Inc.), Intercreditor Agreement (Vanguard Natural Resources, LLC)

Certain Agreements on Receivables. The Debtor 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 and except during of an Event of Default, the continuance of a Default the Debtor Borrower 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 (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)

Certain Agreements on Receivables. The No Debtor 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, thereof except that, prior to the occurrence and except during the continuance of a Default the Default, a Debtor 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: And Restated Security Agreement (Midas Inc)

Certain Agreements on Receivables. The Such Debtor 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 except during the continuance of a Default the an Event of Default, such Debtor 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 (Wilhelmina International, Inc.)

Certain Agreements on Receivables. The Debtor 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 and except during the continuance of a Default the Debtor Default, Borrower may offer discounts, credits and rebates, and may reduce the amount of Accounts arising from the sale of Inventory Accounts, in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Tyler Technologies Inc)

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Certain Agreements on Receivables. The Debtor Borrower will not make or agree to make any discount, credit, rebate 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 except during of an Event of Default, the continuance of a Default the Debtor Borrower 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: Loan and Security Agreement (Rockford Corp)

Certain Agreements on Receivables. The Debtor 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 except during the continuance so long as no Event of a Default exists, the Debtor 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 (Roth CH Acquisition I Co. Parent Corp.)

Certain Agreements on Receivables. The Debtor 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 except during of an Event of Default, Debtor may, in the continuance ordinary course of a Default the Debtor may business, reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of businessor pursuant to Use Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (PreCheck Health Services, Inc.)

Certain Agreements on Receivables. The Debtor will shall 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 except during the continuance of a Default or an Unmatured Default, the Debtor 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: Continuing Security Agreement (Bancinsurance Corp)

Certain Agreements on Receivables. The No Debtor 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 except during the continuance of a Default the Default, such Debtor 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 (Transit Group Inc)

Certain Agreements on Receivables. The No Debtor 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 except during the continuance of a Default the Default, each Debtor may reduce the amount of Accounts arising from the sale of Inventory (by discount, credit, rebate or otherwise) in accordance with its present policies and in the ordinary course of business.

Appears in 1 contract

Samples: Pledge and Security Agreement (SCP Pool Corp)

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