Common use of Discretionary Rights Clause in Contracts

Discretionary Rights. The Receivables Advance Rate may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Borrowers consent to any such increases or decreases and acknowledge that decreasing the Receivables Advance Rate may limit or restrict Advances requested by Borrowers.

Appears in 1 contract

Samples: Credit and Security Agreement (Canisco Resources Inc)

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Discretionary Rights. The Receivables Advance Rate Rates may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Borrowers consent to any such increases or decreases and acknowledge that decreasing the Receivables Advance Rate Rates may limit or restrict Advances requested by Borrowers.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)

Discretionary Rights. The Receivables Advance Rate Rates may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Borrowers consent Each Borrower consents to any such increases or decreases and acknowledge acknowledges that decreasing the Receivables Advance Rate Rates or increasing or imposing Reserves may limit or restrict Advances requested by BorrowersBorrowing Representative.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Quality Gold Holdings, Inc.)

Discretionary Rights. The Receivables Advance Rate Rates may be increased or -------------------- with the consent of the Required Lenders, decreased by Lender Agent at any time and from time to time in the exercise of its reasonable discretion. Borrowers consent to any such increases or decreases and acknowledge that decreasing the Receivables Advance Rate Rates or increasing the reserves may limit or restrict Advances requested by Borrowersany Borrower.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Styrochem International Inc)

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Discretionary Rights. The Receivables Advance Rate Rates may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Borrowers consent Borrower consents to any such increases or decreases and acknowledge acknowledges that decreasing the Receivables Advance Rate Rates may limit or restrict Advances requested by BorrowersBorrower.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Advanced Lighting Technologies Inc)

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