Discounts, etc. The Borrower will not, after notice from the Lender during the existence of any Default Period, grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold, 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.
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Samples: Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc)
Discounts, etc. The Borrower Borrowers will not, after notice from the Lender during the existence of any Default PeriodLender, grant any discount, credit or allowance to any customer of the Borrower Borrowers or accept any return of goods sold, 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. The Except in the normal course of the borrower's business, the Borrower will not, after notice from the Lender during the existence of any Default PeriodLender, grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold, 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.
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Discounts, etc. The No Borrower will notwill, after notice from the Lender (which notice shall be given and shall remain effective only during the existence of any a Default Period), grant any discount, credit or allowance to any customer of the such Borrower or accept any return of goods sold, 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 such Borrower.
Appears in 1 contract
Samples: Credit and Security Agreement
Discounts, etc. The Borrower will not, after notice from the Lender during after the existence occurrence of any a Default Periodor an Event of Default, grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold, 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 (Sportsmans Guide Inc)
Discounts, etc. The Borrower will not, after notice from the Lender during the existence of any Default PeriodLender, grant any discount, credit or allowance to any customer of the Borrower outside the ordinary course of Borrower's business or accept any return of goods sold, 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.
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Discounts, etc. The Except in the normal course of the Borrower's business, the Borrower will not, after notice from the Lender during the existence of any Default Period, not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold, 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.
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Discounts, etc. The No Borrower will notwill, after notice from the Lender during the existence of any Default PeriodLender, grant any discount, credit or allowance to any customer of the Borrower on any then-outstanding receivable or accept any return of goods sold, or . No Borrower will at any time (whether before or after notice from the Lender) modify, amend, subordinate, cancel or terminate the a material obligation of any account debtor or other obligor of the such Borrower.
Appears in 1 contract
Samples: Credit and Security Agreement (Luminant Worldwide Corp)