Common use of Limitation on Modification of Accounts Clause in Contracts

Limitation on Modification of Accounts. None of the Grantors will, without the Agent’s prior written consent, grant any extension of the time of payment of any of the Accounts, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices.

Appears in 3 contracts

Samples: Security Agreement, Security Agreement (GameStop Corp.), Security Agreement (GameStop Corp.)

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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, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices.

Appears in 3 contracts

Samples: Security Agreement (Marsh Supermarkets Inc), Security Agreement (GameStop Corp.), Security Agreement (Marsh Supermarkets Inc)

Limitation on Modification of Accounts. None of the Grantors will, without the Administrative Agent’s prior written consent, grant any extension of the time of payment of any of the Accounts, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices.

Appears in 3 contracts

Samples: Credit Agreement (Zale Corp), Credit Agreement (Zale Corp), Security Agreement (Z Investment Holdings, LLC)

Limitation on Modification of Accounts. None of the Grantors will, without the Administrative Agent’s prior written consent, grant any extension of the time of payment of any of the AccountsAccounts included in the Collateral, 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, releases, credits, discounts, compromises or settlements granted or made in accordance with the ordinary course prudent conduct of business and consistent with its current practicesbusiness.

Appears in 3 contracts

Samples: Security Agreement (Jupitermedia Corp), Security Agreement (Jupitermedia Corp), Security Agreement (Jupitermedia Corp)

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, 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 except, in each case, for extensions, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and or consistent with its current practices.

Appears in 3 contracts

Samples: Security Agreement (Rue21, Inc.), Security Agreement (Cost Plus Inc/Ca/), Security Agreement (A.C. Moore Arts & Crafts, 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, Accounts 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, releases, credits, discounts, compromises or settlements granted or made in that would not reasonably be expected to materially adversely affect the ordinary course value of business and consistent with its current practicesthe Accounts constituting Collateral taken as a whole.

Appears in 2 contracts

Samples: Security Agreement (Jafra Cosmetics International Sa De Cv), Credit Agreement (Jafra Cosmetics International Sa De Cv)

Limitation on Modification of Accounts. None of the Grantors will, without the Administrative Agent’s prior written consent, grant any extension of the time of payment of any of the AccountsAccounts 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 material 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.

Appears in 2 contracts

Samples: u.s. Security Agreement (Seagate Technology PLC), Security Agreement (Seagate Technology)

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 AccountsAccounts 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, releases, credits, discounts, compromises compromises, settlements or settlements other modifications granted that would not, individually or made in the ordinary course of business and consistent with its current practicesaggregate, result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement (Consolidated Communications Texas Holdings, Inc.), Security Agreement (Consolidated Communications Illinois Holdings, 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 AccountsAccounts 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business or otherwise in accordance with prudent and consistent with its current reasonable business practices.

Appears in 1 contract

Samples: Security Agreement (Allen Ethan Interiors Inc)

Limitation on Modification of Accounts. None of the Grantors willGrantor will not, without the Collateral Agent’s 's prior written consent, grant any extension of the time of payment of any of the AccountsAccounts 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices.

Appears in 1 contract

Samples: Security Agreement (Oneida LTD)

Limitation on Modification of Accounts. None of the Grantors Neither Grantor will, without the Agent’s prior written consent, grant any extension of the time of payment of any of the Accounts, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices.

Appears in 1 contract

Samples: Security Agreement (Alco Stores Inc)

Limitation on Modification of Accounts. None of the Grantors will, without the Administrative Agent’s prior written consent, grant any extension of the time of payment of any of the Accounts, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practicessuch prudent and standard practices used in industries in which such Grantor is engaged.

Appears in 1 contract

Samples: 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 AccountsReceivables, 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 material 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.

Appears in 1 contract

Samples: Security Agreement (DT Credit Company, LLC)

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, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices.

Appears in 1 contract

Samples: Security Agreement (Zale Corp)

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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, 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, releases, credits, discounts, compromises or settlements granted or made in that would not reasonably be expected to materially adversely affect the ordinary course value of business and consistent with its current practicesthe Accounts constituting Collateral taken as a whole.

Appears in 1 contract

Samples: Security Agreement (Dirsamex Sa De Cv)

Limitation on Modification of Accounts. None of the Grantors will, without the AgentCollateral Trustee’s prior written consent, grant any extension of the time of payment of any of the Accounts, 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, releases, credits, discounts, compromises compromises, settlements or settlements releases granted or made in the ordinary course of business and consistent with its current practices.

Appears in 1 contract

Samples: Pledge and Security Agreement (GXS Investments, Inc.)

Limitation on Modification of Accounts. None of the Grantors will, without the Agent’s prior written consent, will grant any extension of the time of payment of any of the Accounts, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practicesor approved by the Priority Lien Collateral Agent or, after the Discharge of Priority Lien Obligations, the Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (Advanced Audio Concepts, LTD)

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 AccountsAccounts Receivable, compromise, compound or settle the same for less than the full 201 11 amount thereof, release, wholly or partly, any 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.

Appears in 1 contract

Samples: Credit Agreement (SCG Holding Corp)

Limitation on Modification of Accounts. None of the Grantors will, without the Perfection Agent’s prior written consent, grant any extension of the time of payment of any of the AccountsAccounts 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 material 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.

Appears in 1 contract

Samples: Security Agreement (Seagate Technology)

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, 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 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.

Appears in 1 contract

Samples: Security Agreement (GameStop Corp.)

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, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practicesbusiness.

Appears in 1 contract

Samples: Security Agreement (Advanced Audio Concepts, LTD)

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 AccountsAccounts Receivable in the aggregate, 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, releases, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices.,

Appears in 1 contract

Samples: Security Agreement (Leap Wireless International Inc)

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