Compromise of Accounts. Compromise or adjust any Account (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so unless (i) no Default or Event of Default has occurred and is continuing and (ii) such compromise, adjustment or grant is made in the ordinary course of its business in accordance with its practices and policies.
Appears in 4 contracts
Samples: Credit Agreement (Milacron Inc), Senior Secured, Super Priority Debtor in Possession Credit Agreement (Milacron Inc), Senior Secured, Super Priority Debtor in Possession Credit Agreement (Milacron Inc)
Compromise of Accounts. Compromise or adjust or permit any Account of its Subsidiaries to compromise or adjust any material accounts receivable of the Company or such Subsidiary (or extend the time of for payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so unless (i) no Default or Event of Default has occurred and is continuing and (ii) such compromisethereon, adjustment or grant is made in each case other than in the ordinary course of its business in accordance with its practices and policiesbusiness.
Appears in 2 contracts
Samples: Note Purchase Agreement (First Union Real Estate Equity & Mortgage Investments), Note Purchase Agreement (First Union Real Estate Equity & Mortgage Investments)
Compromise of Accounts. Compromise or adjust any Account (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so unless (i) other than, provided no Default or Event of Default has occurred and is continuing and (ii) such compromisecontinuing, adjustment or grant is made in the ordinary course of its business in accordance with its practices and policiesbusiness.
Appears in 2 contracts
Samples: Financing Agreement (Milacron Inc), Financing Agreement (Milacron Inc)
Compromise of Accounts. Compromise or adjust to compromise or adjust any Account of its accounts receivable (or extend the time of for payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so unless (i) no Default or Event of Default has occurred and is continuing and (ii) such compromisecredits, adjustment or grant is made in each case other than in the ordinary normal course of its business in accordance with its practices and policiesbusiness.
Appears in 1 contract
Samples: Convertible Debenture (B Twelve Inc)
Compromise of Accounts. Compromise or adjust any Account (or extend the time of payment thereof) or grant any discounts, allowances or credits or permit any of its Subsidiaries to do so unless (i) other than, provided no Default or Event of Default has occurred and is continuing and (ii) such compromisecontinuing, adjustment or grant is made in the ordinary course prudent conduct of its business in accordance with its practices and policiesbusiness.
Appears in 1 contract
