Common use of Discounts, etc Clause in Contracts

Discounts, etc. Such Borrower will not, following and during the continuance of an Event of Default, if requested by the Lender, grant any discount, credit or allowance to any customer of such Borrower or accept any return of goods sold, or modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of such Borrower.

Appears in 3 contracts

Samples: Credit and Security Agreement (Heska Corp), Credit and Security Agreement (Heska Corp), Credit and Security Agreement (Heska Corp)

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Discounts, etc. Such Borrower will not, following and during Following the continuance occurrence of an Event of Default, if requested by the Borrowers will not, after notice from the Lender, grant any discount, credit or allowance to any customer of such a 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 such a Borrower, other than in the ordinary course of business and consistent with the past practices of a Borrower.

Appears in 2 contracts

Samples: Foreign Accounts Credit and Security Agreement (Synergetics Usa Inc), Patent, Trademark and License Collateral Assignment and Security Agreement (Synergetics Usa Inc)

Discounts, etc. Such The Borrower will not, following and during the continuance of an Event of Default, if requested by after notice from -------------- the Lender, grant any discount, credit or allowance to any customer of such the Borrower or accept any return of goods soldsold (other than a return of defective merchandise in the ordinary course of business), 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 such the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Data National Corp)

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Discounts, etc. Such Other than in the ordinary course of business, the Borrower will not, following and during the continuance of an Event of Default, if requested by the Lenderany Default Period, grant any discount, credit or allowance to any customer of such 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 any obligation of any account debtor or other obligor of such the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Zareba Systems Inc)

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