Common use of Discounts, etc Clause in Contracts

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

Appears in 2 contracts

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

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

Appears in 1 contract

Samples: Credit and Security Agreement (Allis Chalmers Corp)

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

Appears in 1 contract

Samples: Credit and Security Agreement (Fourth Shift Corp)

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