Common use of Discounts, etc Clause in Contracts

Discounts, etc. The Borrower will not at any time discount, modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower except in the ordinary course of business.

Appears in 3 contracts

Samples: Letter of Credit Application, Reimbursement and Security Agreement (Millennium Ethanol, LLC), Loan and Security Agreement (Millennium Ethanol, LLC), Revolving Credit and Security Agreement (Millennium Ethanol, LLC)

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

Appears in 2 contracts

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

Discounts, etc. The Borrower will not grant any discount, credit or allowance to any customer, except in the ordinary course of business, or at any time discountfollowing the occurrence of an Event of Default which is continuing, modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower except in the ordinary course of businessobligor.

Appears in 2 contracts

Samples: Credit and Security Agreement (Allis Chalmers Corp), Credit and Security Agreement (Allis Chalmers Corp)

Discounts, etc. The Borrower will not at any time discount, modify, amend, subordinate, cancel or terminate the obligation of any account debtor Account Debtor or other obligor of the Borrower except in the ordinary course of business.

Appears in 2 contracts

Samples: Loan and Security Agreement (REX AMERICAN RESOURCES Corp), Revolving Credit and Security Agreement (REX AMERICAN RESOURCES Corp)

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Discounts, etc. The Borrower Borrowers will not at any time discount, modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower Borrower, except in the ordinary course of business.

Appears in 1 contract

Samples: Loan and Security Agreement (Vein Associates of America Inc)

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