Certain Agreements on Retained Receivables. The Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Retained Receivable or accept in satisfaction of a Retained Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, the Grantor may reduce the amount of Retained Receivables in accordance with its present policies and in the ordinary course of business.
Appears in 5 contracts
Samples: Pledge and Security Agreement, Securities Purchase Agreement (Bluestem Brands, Inc.), Securities Purchase Agreement (Bluestem Brands, Inc.)
