Common use of Discounts, etc Clause in Contracts

Discounts, etc. After notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 20 contracts

Samples: Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (2nd Swing Inc)

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Discounts, etc. After notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor Account Debtor or other obligor of the Borrower.

Appears in 4 contracts

Samples: Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Netlist Inc)

Discounts, etc. After notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods soldsold except in accordance with its historical practice or in the ordinary course of business. The After notice from Bank, Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor Account Debtor or other obligor of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Landec Corp \Ca\), Im Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\)

Discounts, etc. After notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Except in the ordinary course of business, and after written notice to Lender, the Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 2 contracts

Samples: Credit and Security Agreement (Hei Inc), Credit and Security Agreement (Hei Inc)

Discounts, etc. After notice from the Lender, the Borrower Borrowers will not grant any discount, credit or allowance to any customer of the Borrower Borrowers or accept any return of goods sold. The Borrower Borrowers will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the BorrowerBorrowers.

Appears in 2 contracts

Samples: Credit and Security Agreement (Pacific Cma Inc), Credit and Security Agreement (Emrise CORP)

Discounts, etc. After The Borrowers will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower Borrowers or accept any return of goods sold. The Borrower will not , or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the BorrowerBorrowers.

Appears in 2 contracts

Samples: Credit and Security Agreement (Nu Kote Holding Inc /De/), Credit and Security Agreement (Microtel International Inc)

Discounts, etc. After notice from the Lender, the The Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods soldsold after notice from the Lender during a Default Period, or, in any case, outside the ordinary course of business. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the BorrowerBorrower after notice from the Lender during a Default Period, or, in any case, outside the ordinary course of business.

Appears in 2 contracts

Samples: Credit and Security Agreement (Delphax Technologies Inc), Credit and Security Agreement (Delphax Technologies Inc)

Discounts, etc. After notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods soldsold except in accordance with its historical practice or in the ordinary course of business. The After notice from Lender, Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor Account Debtor or other obligor of the Borrower.

Appears in 2 contracts

Samples: Credit and Security Agreement (Landec Corp \Ca\), Credit and Security Agreement (Landec Corp \Ca\)

Discounts, etc. After The Borrower will not (a) after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or (b) at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 2 contracts

Samples: Credit and Security Agreement (Continental Information Systems Corp), Credit and Security Agreement (Continental Information Systems Corp)

Discounts, etc. After notice from the Lender, the no Borrower will not grant any discount, credit or allowance to any customer of the such Borrower or accept any return of goods sold. The No Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the such Borrower.

Appears in 2 contracts

Samples: Credit and Security Agreement (Orion Energy Systems, Inc.), Credit and Security Agreement   by And (Miscor Group, Ltd.)

Discounts, etc. After notice from the Lender, the Borrower Borrowers will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower Borrowers will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the BorrowerBorrowers outside the ordinary course of business.

Appears in 2 contracts

Samples: Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Misonix Inc)

Discounts, etc. After notice from the LenderLender given during a Default Period, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The During a Default Period, the Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 2 contracts

Samples: Credit and Security Agreement (Exabyte Corp /De/), Credit and Security Agreement (Exabyte Corp /De/)

Discounts, etc. After notice from the Lender, the no Borrower will not grant any discount, credit or allowance to any customer of the such Borrower or accept any return of goods soldsold other than in the ordinary course of business of such Borrower consistent with past practice. The No Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of such Borrower other than in the Borrowerordinary course of business of such Borrower consistent with past practice.

Appears in 2 contracts

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement (Global Employment Holdings, Inc.)

Discounts, etc. After notice from the Lender, the The Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods soldsold outside the ordinary course of business. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the BorrowerBorrower outside the ordinary course of business.

Appears in 2 contracts

Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement by And (CPS Technologies Corp/De/)

Discounts, etc. After the occurrence of an Event of Default and written notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Pure Earth, Inc.)

Discounts, etc. After The Borrower will not, after notice -------------- from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Bentley International Inc)

Discounts, etc. After The Borrower will not, after notice -------------- from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower, other than normal recurring manufactures' chargebacks.

Appears in 1 contract

Samples: Credit and Security Agreement (Organic Food Products Inc)

Discounts, etc. After notice from the Lender, the The Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time , or modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the BorrowerBorrower except in the ordinary course of business and until the Lender directs it to cease such activity.

Appears in 1 contract

Samples: Credit and Security Agreement (Ultra Pac Inc)

Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.,

Appears in 1 contract

Samples: Credit and Security Agreement (Futech Interactive Products Inc)

Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hia Inc)

Discounts, etc. After The Borrower will not, after --------------- notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the BorrowerBorrower other than in accordance with its customary business practice.

Appears in 1 contract

Samples: Credit and Security Agreement (Rockshox Inc)

Discounts, etc. After notice from the Lender, the Borrower Borrowers will not grant any discount, credit or allowance to any customer of the any Borrower or accept any return of goods sold. The Borrower Borrowers will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the any Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

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Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time sold or modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower."

Appears in 1 contract

Samples: Credit Agreement (Lamaur Corp)

Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Royal Grip Inc)

Discounts, etc. After notice from the Lender, the which notice shall be given only during a Default Period, no Borrower will not grant any discount, credit or allowance to any customer of the such Borrower or accept any return of goods sold. The No Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the such Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Ramtron International Corp)

Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before or after notice from the Lender) modify, amend, 31 subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Gateway Data Sciences Corp)

Discounts, etc. After The Borrower will not, after notice from -------------- the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time , or modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: And (Lamaur Corp)

Discounts, etc. After notice from the Lender, the no Borrower will not grant any discount, credit or allowance to any customer of the a Borrower or accept any return of goods sold. The No Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the a Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

Discounts, etc. After notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower Ultimate Debtor or to any Ultimate Debtor Customer or accept any return of goods sold. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor Ultimate Debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Newtek Business Services Inc)

Discounts, etc. After notice from the LenderLender during any Default Period, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor Account Debtor or other obligor of the Borrower, without giving prompt written notice thereof to the Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Corsair Components, Inc.)

Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to on any customer of the Borrower then outstanding Receivable or accept any return of goods sold. The Borrower will not sold without notifying the Lender of such return, or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Telular Corp)

Discounts, etc. After During a Default Period and after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Zila Inc)

Discounts, etc. After The Borrower will not, after -------------- notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not , or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Act Teleconferencing Inc)

Discounts, etc. After No Borrower will, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The No Borrower will not at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrowerobligor.

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

Discounts, etc. After The Borrower will not, after notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not sold other than to the extent customary and standard in Borrower's normal business practices, or at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Crager Industries Inc)

Discounts, etc. After notice from the Lender, with --------------- respect to a particular account debtor the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time materially modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Primesource Healthcare Inc)

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