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 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 payment of Receivables, except for releases that are 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. You acknowledge that You may not (i) transfer Your Receivables to any of Your Subsidiaries nor (ii) permit any of the Subsidiaries to enter into contractual relationships for the sale of Your products, without Our prior written consent (“Receivables Restriction”).