Common use of Compromise of Accounts Clause in Contracts

Compromise of Accounts. Without Our prior written consent, none of You will (a) grant any material extension of the time or payment of any of the Receivables, or General Intangibles, except in the ordinary course of business and consistent with customary industry practice, (b) to any material extent, compromise, compound or settle the same for less than the full amount, except in the ordinary course of business and consistent with customary industry practice, (c) release, wholly or partly, any Person liable for the payment, or (d) allow any credit or discount whatsoever other than trade discounts granted to You in the ordinary course of Your business and consistent with customary industry practice.

Appears in 7 contracts

Samples: Growth Capital Loan and Security Agreement (ForgeRock, Inc.), Growth Capital Loan and Security Agreement (ForgeRock, Inc.), Growth Capital Loan and Security Agreement (Casper Sleep Inc.)

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Compromise of Accounts. Without Our prior written consent, none of You will not (a) grant any material extension of the time or for payment of any of the Receivables, or General Intangibles, except in the ordinary course of business and consistent with customary industry practice, (b) to any material extent, compromise, compound or settle the same for less than the full amount, except in the ordinary course of business and consistent with customary industry practice, (c) release, wholly or partly, any Person liable for the paymentpayment of Receivables, except for releases that are consistent with customary industry practice, or (d) allow any credit or discount whatsoever other than trade discounts granted to You in the ordinary course of Your business and consistent with customary industry practice.

Appears in 2 contracts

Samples: Growth Capital Loan and Security Agreement (Aerohive Networks, Inc), Growth Capital Loan and Security Agreement (Aerohive Networks, Inc)

Compromise of Accounts. Without Our prior written consent, none of You will not (a) grant any material extension of the time or for payment of any of the Receivables, or General Intangibles, except in the ordinary course of business and extensions that are consistent with customary industry practice, practice (b) to any material extent, compromise, compound or settle the same for less than the full amount, except in the ordinary course of business and for extensions, compromises or settlements that are consistent with customary industry practice, practice (c) release, wholly or partly, any Person liable for the paymentpayment of Receivables, except for releases that are consistent with industry practice, or (d) allow any credit or discount whatsoever other than trade discounts granted to You in the ordinary course of Your business and credit or discounts that are consistent with customary industry practice.

Appears in 2 contracts

Samples: Growth Capital Loan and Security Agreement, Growth Capital Loan and Security Agreement (RingCentral Inc)

Compromise of Accounts. Without Our prior written consent, none of You will (a) grant any material extension of the time or payment of any of the Receivables, or General Intangibles, except in the ordinary course of business and consistent with customary industry practice, (b) to any material extent, compromise, compound or settle the same for less than the full amount, except in the ordinary course of business and consistent with customary industry practice, (c) release, wholly or partly, any Person liable for the payment, except in the ordinary course of business and consistent with customary industry practice, or (d) allow any credit or discount whatsoever other than trade discounts granted to You in the ordinary course of Your business and consistent with customary industry practice.

Appears in 1 contract

Samples: Growth Capital Loan and Security Agreement (Oaktree Acquisition Corp.)

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Compromise of Accounts. Without Our prior written consent, none of You will not (a) grant any material extension of the time or payment of any of the Receivables, or General Intangibles, except in the ordinary course of business and consistent with customary industry practice, (b) to any material extent, compromise, compound or settle the same for less than the full amount, except in the ordinary course of business and consistent with customary industry practice, (c) release, wholly or partly, any Person liable for the payment, except in the ordinary course of business and consistent with customary industry practice or (d) allow any credit or discount whatsoever other than trade discounts granted to by You in the ordinary course of Your business and consistent with customary industry practice.

Appears in 1 contract

Samples: Growth Capital Loan and Security Agreement (Violin Memory Inc)

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