Common use of Compromise of Claims Clause in Contracts

Compromise of Claims. Discount, forgive, waive or otherwise compromise any claim or debt owing to it, except for reasonable consideration negotiated on an arms-length basis and in the Ordinary Course of Business or, so long as no Event of Default exists, as would not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Enpro Industries, Inc), Post Petition Loan and Security Agreement (Enpro Industries, Inc), Loan and Security Agreement (Enpro Industries, Inc)

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Compromise of Claims. Discount, forgive, waive or otherwise compromise any claim or debt Debt owing to itit (other than unsecured intercompany claims among the Consolidated Group in the Ordinary Course of Business), except for reasonable consideration negotiated on an arms-length basis and in the Ordinary Course of Business or, so long as no Event of Default exists, as would not reasonably be expected to have a Material Adverse EffectBusiness.

Appears in 1 contract

Samples: Loan and Security Agreement (Alpharma Inc)

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