Common use of Compromise of Collateral Clause in Contracts

Compromise of Collateral. Debtor will not adjust, settle or compromise any of the Accounts, the General Intangibles or the Related Rights without the prior written consent of Secured Party, other than in a manner that does not materially affect the aggregate value of the Collateral and is in the ordinary course of business.

Appears in 4 contracts

Samples: Security Agreement (Kentucky USA Energy, Inc.), Security Agreement (Rancher Energy Corp.), Credit Agreement (Doral Energy Corp.)

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Compromise of Collateral. Debtor will not adjust, settle or compromise any of the Accounts, the General Intangibles or the Related Rights Collateral without the prior written consent of the Secured Party, other than in a manner that does not materially affect the aggregate value of the Collateral and is in the ordinary course of business.

Appears in 2 contracts

Samples: Security Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.), Security Agreement (Reef Oil & Gas Income & Development Fund III LP)

Compromise of Collateral. Debtor Debtors will not adjust, settle or compromise any of the Accounts, the General Intangibles or the Related Rights without the prior written consent of Secured Party, or other than in a manner that does not materially and adversely affect the aggregate value of the Collateral and is in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (EnerJex Resources, Inc.)

Compromise of Collateral. Debtor will not adjust, settle settle, compromise, release (wholly or compromise partially) any account debtor or obligor with respect to, or allow any credit (other than proceeds subject to Section 4.09(c) hereof) or discount with respect to any of the Accounts, the General Intangibles or the Related Rights Collateral without the prior written consent of Secured Party, other than in a manner that does not materially affect the aggregate value of the Collateral and is except in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (LIVE VENTURES Inc)

Compromise of Collateral. Debtor Debtors will not adjust, settle or compromise any of the Accounts, the General Intangibles or the Related Rights without the prior written consent of Secured Party, or other than in a manner that does not materially affect the aggregate value of the Collateral and is in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Stratum Holdings, Inc.)

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Compromise of Collateral. Debtor will shall not adjust, settle settle, compromise, amend or compromise modify any of the Accounts, the General Intangibles or the Related Rights without the prior written consent of Secured PartyCollateral, other than in a manner that any adjustment, settlement, compromise, amendment or modification, other than during the continuance of an Event of Default, of any General Intangible which does not materially detrimentally affect the aggregate rights or benefits of Secured Party hereunder or the value of the Collateral and is in the ordinary course of businesssuch General Intangible to Secured Party hereunder.

Appears in 1 contract

Samples: Security Agreement (Foreland Corp)

Compromise of Collateral. Debtor will not adjust, settle or ------------------------ compromise any of the Accounts, the General Intangibles or the Related Rights without the prior written consent of Secured Party, other than in a manner that does not materially affect the aggregate value of the Collateral and is in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Colony Energy, Inc.)

Compromise of Collateral. Debtor will not adjust, settle or compromise any of the Accounts, the General Intangibles or the Related Rights Collateral without the prior written consent of Secured Party, other than in a manner that does not materially affect the aggregate value of the Collateral and is except in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Temtex Industries Inc)

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