Covenants by Seller. 8.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased Accounts, (b) compromise or settle any of the Purchased Accounts for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, or the like with respect to any of the Purchased Accounts.
Appears in 3 contracts
Samples: Factoring and Security Agreement (Competitive Technologies Inc), Receivables Purchase and Security Agreement (Lightpath Technologies Inc), Factoring and Security Agreement (Health & Nutrition Systems International Inc)
Covenants by Seller. 8.1. 12.1 After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased its Accounts, (b) compromise or settle any of the Purchased its Accounts for less than the full amount thereof, (c) release in whole or in part any Account DebtorPayor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
Appears in 3 contracts
Samples: Factoring and Security Agreement, Factoring and Security Agreement (Wave Systems Corp), Factoring and Security Agreement (Sunvalley Solar, Inc.)
Covenants by Seller. 8.112.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, not (a) grant any extension of time for payment of any of the Purchased its Accounts, (b) compromise or settle any of the Purchased its Accounts for less than the full amount thereof, (c) release in whole or in part any Account DebtorPayor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
Appears in 2 contracts
Samples: Factoring and Security Agreement (Biozone Pharmaceuticals, Inc.), Factoring and Security Agreement (ePhoto Image, Inc.)
Covenants by Seller. 8.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased Accounts, (b) compromise or settle any of the Purchased Accounts for less than the full amount thereof, (c) release in whole Initial or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, or the like with respect to any of the Purchased Accounts.
Appears in 1 contract
Samples: Factoring and Security Agreement (Tri-S Security Corp)
Covenants by Seller. 8.110.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased Accounts, (b) compromise or settle any of the Purchased Accounts for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
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Covenants by Seller. 8.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, 10.1 Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased Accounts, (b) compromise or settle any of the Purchased Accounts for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
Appears in 1 contract
Samples: Factoring and Security Agreement (Edge Technology Group Inc)
Covenants by Seller. 8.1. 12.1 After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, not (a) grant any extension of time for payment of any of the Purchased its Accounts, (b) compromise or settle any of the Purchased its Accounts for less than the full amount thereof, (c) release in whole or in part any Account DebtorPayor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
Appears in 1 contract
Samples: Factoring and Security Agreement (Eastside Distilling, Inc.)
Covenants by Seller. 8.112.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased its Accounts, (b) compromise or settle any of the Purchased its Accounts for less than the full amount thereof, (c) release in whole or in part any Account DebtorPayor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
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Covenants by Seller. 8.19.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased Accounts, (b) compromise Initial or settle any of the Purchased Accounts for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, or the like with respect to any of the Purchased Accounts.
Appears in 1 contract
Samples: Factoring and Security Agreement (Tri-S Security Corp)
Covenants by Seller. 8.113.1. After written notice by Purchaser to Seller, and automatically, without notice, after notice following an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, not (a) grant any extension of time for payment of any of the Purchased its Accounts, (b) compromise or settle any of the Purchased its Accounts for less than the full amount thereofamount, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, or return authorizations, or the like with respect to authorizations for any of the Purchased Accounts.
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Covenants by Seller. 8.110.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased Accounts, (b) compromise or settle any of the Purchased Accounts for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
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Covenants by Seller. 8.1. 8.1 After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased Accounts, (b) compromise or settle any of the Purchased Accounts for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, or the like with respect to any of the Purchased Accounts.
Appears in 1 contract
Samples: Factoring and Security Agreement (Tri-S Security Corp)
Covenants by Seller. 8.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, 13.1 Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased Accounts, (b) compromise or settle any of the Purchased Accounts for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
Appears in 1 contract
Samples: Factoring and Security Agreement (Zoo Entertainment, Inc)
Covenants by Seller. 8.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, not (a) grant any extension of time for payment of any of the Purchased its Accounts, (b) compromise or settle any of the Purchased its Accounts for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like with respect to any of the Purchased Accounts.
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Covenants by Seller. 8.112.1. After written notice by Purchaser to Seller, and automatically, without notice, after an Event of Default, Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Purchased its Accounts, (b) compromise or settle any of the Purchased its Accounts for less than the full amount thereof, (c) release in whole or in part any Account DebtorPayor, or (d) grant any credits, discounts, allowances, deductions, return authorizations, authorizations or the like not specifically authorized in the applicable agreement with respect to any of the Purchased Accounts.
Appears in 1 contract
Samples: Financing and Security Agreement (Sito Mobile, Ltd.)