Common use of Covenants Regarding Accounts Clause in Contracts

Covenants Regarding Accounts. No Obligor will (a) amend, modify, terminate or waive any provision of any contract, license or agreement giving rise to an Account of such Obligor in any manner which could reasonably be expected to materially adversely affect the value of such contract, license or Account as Collateral, (b) fail to exercise promptly and diligently each and every material right which it may have under each material contract, license or agreement giving rise to an Account of such Obligor (other than any right of termination), except in a manner consistent with the ordinary and customary conduct of its business or (c) fail to deliver to the Agent upon its reasonable request a copy of each material demand, notice or document received by it relating in any way to any material contract, license or agreement giving rise to an Account of such Obligor. Other than in the ordinary course of business as generally conducted by such Obligor over a period of time, no Obligor will grant any extension of the time of payment of any of the Accounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partially, any Person liable for the payment thereof, or allow any credit or discount whatsoever thereon.