Common use of Discretionary Rights Clause in Contracts

Discretionary Rights. The Advance Rate may be increased or decreased by Agent at any time and from time to time in the exercise of its credit judgment. Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rate or increasing the reserves may limit or restrict Advances requested by Borrowing Agent. Agent shall give Borrowing Agent five (5) days prior written notice of its intention to decrease the Advance Rate.

Appears in 1 contract

Samples: Credit and Security Agreement (Frontstep Inc)

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Discretionary Rights. The Advance Rate Rates may be increased or decreased by Agent at any time and from time to time in the exercise of its credit judgmentreasonable discretion. Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rate Rates or increasing the reserves may limit or restrict Advances requested by Borrowing AgentBorrower. Agent shall give Borrowing Agent Borrower five (5) days prior written notice of its intention to decrease the Advance RateRates.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Cygne Designs Inc)

Discretionary Rights. The Advance Rate Rates may be increased or decreased by Agent at any time and from time to time in the exercise of its credit judgmentreasonable business judgment exercised in good faith. Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rate Rates or increasing the or imposing reserves may limit or restrict Advances requested by Borrowing Agent. Agent shall give Borrowing Agent five thirty (530) days prior written notice of its intention to decrease the Advance RateRates. The rights of Agent under this subsection are subject to the provisions of Section 16.2(b).

Appears in 1 contract

Samples: Security Agreement (Brightstar Corp.)

Discretionary Rights. The Advance Rate Rates may be increased or decreased by Agent at any time and from time to time in the exercise of its credit judgmentreasonable business judgement. Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rate Rates or increasing the reserves may limit or restrict Advances requested by Borrowing Agent. Agent shall give Borrowing Agent five (5) days prior written notice of its intention to decrease the Advance Rate.

Appears in 1 contract

Samples: Revolving Credit (Trescom International Inc)

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Discretionary Rights. The Advance Rate Rates may be increased or decreased by Agent at any time and from time to time in the exercise of its credit judgmentdiscretion in a commercially reasonable manner on not less than five Business Day's Notice to Borrower. Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rate Rates or increasing the reserves may limit or restrict Advances requested by Borrowing Agent. Agent shall give Borrowing Agent five (5) days prior written notice of its intention to decrease the Advance Rate.

Appears in 1 contract

Samples: Security Agreement (Semx Corp)

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