Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 21 contracts
Samples: Credit Agreement (Alamosa Holdings Inc), Security Agreement (Interactive Media Corp), Security Agreement (Hechinger Co)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's prior written consent, which consent shall not be unreasonably withheld, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engagedpractices.
Appears in 10 contracts
Samples: Amended and Restated Security Agreement (Memc Electronic Materials Inc), Security Agreement (Memc Electronic Materials Inc), Security Agreement (Memc Electronic Materials Inc)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 9 contracts
Samples: Security Agreement (Marketing Services Inc), Security Agreement (Polymer Group Inc), Domestic Security Agreement (Pliant Corp)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's ’s prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 6 contracts
Samples: Security Agreement (Polymer Group Inc), Canadian Security Agreement (Pliant Corp), Domestic Security Agreement (Pliant Corp)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's ’s prior written consent, grant any extension of the time of payment of any of the Accounts ReceivableAccounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, releases, credits, discounts, compromises or settlements (a) granted or made in the ordinary course of business and or consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engagedengaged or (b) constituting a Permitted Disposition as described in clause (f) of the definition thereof.
Appears in 4 contracts
Samples: Security Agreement (Music123, Inc.), Security Agreement (Music123, Inc.), Security Agreement (COHOES FASHIONS of CRANSTON, Inc.)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Administrative Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 3 contracts
Samples: Security Agreement (Aerolink International Inc), Security Agreement (Knowles Electronics LLC), Security Agreement (Knowles Electronics LLC)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts ReceivableAccount Rights, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 3 contracts
Samples: Security Agreement (New Playboy Inc), Security Agreement (Cross Country Inc), Pledge Agreement (Kansas City Southern Industries Inc)
Limitation on Modification of Accounts. None of the Grantors willThe Grantor will not, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such the Grantor is engaged.
Appears in 3 contracts
Samples: Security Agreement (Lamonts Apparel Inc), Exhibit H (Tel Save Holdings Inc), Pledge Agreement (Tel Save Holdings Inc)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 3 contracts
Samples: Amended and Restated Security Agreement (Hudson Respiratory Care Inc), Security Agreement (Hudson Respiratory Care Inc), Security Agreement (Century Maintenance Supply Inc)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivableincluded in the Collateral, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 2 contracts
Samples: Credit Agreement (Western Auto Supply Co/), Security Agreement (Western Auto Supply Co/)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's ’s prior written consent, grant any extension of the time of payment of any of the Accounts Receivableincluded in the Collateral, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 2 contracts
Samples: Security Agreement (Advance Auto Parts Inc), Security Agreement (Advance Auto Parts Inc)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's ’s prior written consent, grant any extension of the time of payment of any of the Accounts ReceivableReceivables, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 2 contracts
Samples: Security Agreement (Great Atlantic & Pacific Tea Co Inc), Security Agreement (Great Atlantic & Pacific Tea Co Inc)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's ’s prior written consent, grant any material extension of the time of payment of any of the Accounts ReceivableAccounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Samples: Security Agreement (Dri I Inc)
Limitation on Modification of Accounts. None of the Grantors will, without the prior written consent of the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's ’s prior written consent, grant any extension of the time of payment of any of the Accounts ReceivableAccounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, ,credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Limitation on Modification of Accounts. None of the Grantors No Grantor will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's ’s prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current past practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Samples: Possession Security Agreement (Fairpoint Communications Inc)
Limitation on Modification of Accounts. None of the -------------------------------------- Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any 248 12 credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Samples: Credit Agreement (Fairchild Semiconductor International Inc)
Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent's ’s prior written consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such the applicable Grantor is engaged.
Appears in 1 contract
Samples: Security Agreement (Iowa Telecommunications Services Inc)
Limitation on Modification of Accounts. None of the -------------------------------------- Grantors will, without the Collateral Agent's prior written consent, grant any extension of the time of payment of any of the Accounts ReceivableAccount Rights, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged.
Appears in 1 contract
Samples: Security Agreement (Kansas City Southern Industries Inc)