Common use of Compromise of Accounts Receivable Clause in Contracts

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than in the ordinary course of its business.

Appears in 4 contracts

Samples: Financing Agreement (Motorcar Parts America Inc), Financing Agreement (Motorcar Parts America Inc), Financing Agreement (Motorcar Parts America Inc)

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Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than than, provided no Default or Event of Default has occurred and is continuing, in the ordinary course of its business.

Appears in 3 contracts

Samples: Financing Agreement (Xcel Pharmaceuticals Inc), Financing Agreement (Foster Wheeler LTD), Credit Agreement (Packaged Ice Inc)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than in the ordinary course of its business, provided no Default or Event of Default has occurred and is continuing.

Appears in 3 contracts

Samples: Financing Agreement (Life Sciences Research Inc), Financing Agreement (Life Sciences Research Inc), Financing Agreement (Life Sciences Research Inc)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than than, provided no Event of Default has occurred and is continuing, in the ordinary course of its businessbusiness and consistent with industry practice.

Appears in 2 contracts

Samples: Financing Agreement (Xanodyne Pharmaceuticals Inc), Financing Agreement (Xanodyne Pharmaceuticals Inc)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than than, provided no Default or Event of Default has occurred and is continuing, in the ordinary course of its businessbusiness consistent with past practices.

Appears in 1 contract

Samples: Financing Agreement (Redback Networks Inc)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits other than, provided no Default or permit any Event of its Subsidiaries to do so other than Default has occurred and is continuing, in the ordinary course of its businessbusiness of the Loan Parties.

Appears in 1 contract

Samples: Financing Agreement (All Star Gas Corp)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than than, provided no Event of Default has occurred and is continuing, in the ordinary course of its business.

Appears in 1 contract

Samples: Financing Agreement (Metallurg Inc)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than (a) in the ordinary course of its businessbusiness and (b) in any event not in an amount in excess of $250,000 without providing written notice to the Administrative Agent prior to or promptly following any such compromise, adjustment or grant.

Appears in 1 contract

Samples: Financing Agreement (Zagg INC)

Compromise of Accounts Receivable. Compromise or adjust any Account Accounts Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than in the ordinary course of its business.

Appears in 1 contract

Samples: Financing Agreement (Westmoreland Resource Partners, LP)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than in the ordinary course of its businessbusiness and consistent with industry practice.

Appears in 1 contract

Samples: Financing Agreement (Aaipharma Inc)

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Compromise of Accounts Receivable. Compromise compromise or adjust adjust, or permit any Account Receivable (of its Subsidiaries to compromise or adjust, any of its accounts receivable or extend the time of for payment thereof) thereof or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so thereon, in each case other than in the ordinary normal course of its business; 11.

Appears in 1 contract

Samples: Credit Agreement (Alithya Group Inc)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than than, provided no Default or Event of Default has occurred and is continuing, in the ordinary course of its businessbusiness and consistent with past practice.

Appears in 1 contract

Samples: Financing Agreement (Composite Technology Corp)

Compromise of Accounts Receivable. Compromise compromise or adjust adjust, or permit any Account Receivable (of its Subsidiaries to compromise or adjust, any of its accounts receivable or extend the time of for payment thereof) thereof or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so thereon, in each case other than in the ordinary normal course of its business.;

Appears in 1 contract

Samples: Credit Agreement (Alithya Group Inc)

Compromise of Accounts Receivable. Compromise or adjust any Account Receivable (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so other than (i) as set forth on Schedule 8.02(o) or (ii) in the ordinary course of its businessbusiness and consistent with industry practice.

Appears in 1 contract

Samples: Financing Agreement (Aaipharma Inc)

Compromise of Accounts Receivable. Compromise or adjust any Account material amount of the Accounts Receivable (or extend the time of payment thereof) or grant with respect to any discountsmaterial amount of the Accounts Receivable), allowances or credits or permit any of its Subsidiaries that are Loan Parties to do so other than as may be approved by the Administrative Agent in its Permitted Discretion or, in the case of Accounts Receivable that are not Eligible Accounts, in the ordinary course of its business.

Appears in 1 contract

Samples: Financing Agreement (Harvard Bioscience Inc)

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