Common use of Compromise of Collateral Clause in Contracts

Compromise of Collateral. Debtor will not adjust, settle, compromise, amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and in the ordinary course of business.

Appears in 3 contracts

Samples: Loan and Security Agreement (Avatar Systems Inc), Loan and Security Agreement (Avatar Systems Inc), Security Agreement (Migratec Inc)

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Compromise of Collateral. Debtor will not adjust, settle, compromise, ------------------------ amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and of its rights in the ordinary course of businessCollateral.

Appears in 1 contract

Samples: Pledge Agreement (Aviva Petroleum Inc /Tx/)

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Compromise of Collateral. The Debtor will not adjust, settle, compromise, amend or modify any Collateralof the Collateral constituting Receivables of the Debtor or General Intangibles of the Debtor, except an adjustmentother than adjustments, settlementsettlements, compromisecompromises, amendment or modification amendments and modifications made in good faith and faith, in the ordinary course of businessbusiness and not during the continuance of an Event of Default.

Appears in 1 contract

Samples: Security Agreement (Onstream Media CORP)

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