Limitations on Modifications of Accounts. Such Grantor will not, without the Administrative Agent's prior written consent, grant any extension of the time of payment of any of the Accounts, Chattel Paper or Instruments, 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 any of the foregoing which are done in the ordinary course of business, consistent with past practices and trade discounts granted in the ordinary course of business of such Grantor.
Limitations on Modifications of Accounts. Upon the ---------------------------------------- occurrence and during the continuance of any Event of Default, the Grantor will not, without the Agent's prior written consent, grant any extension of the time of payment of any of the Accounts, Chattel Paper or Instruments, or compromise, compound or settle the same for less than the full amount thereof, or release, wholly or partly, any Person liable for the payment thereof, or allow any credit or discount whatsoever thereon.
Limitations on Modifications of Accounts. Such Loan Party will not, without the Administrative Agent's prior written consent, grant any extension of the time of payment of any of the Accounts, Chattel Paper or Instruments, 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 any of the foregoing which are done in the ordinary course of business, consistent in all material respects with past practices and trade discounts granted in the ordinary course of business of such Loan Party.
Limitations on Modifications of Accounts. Each Grantor shall promptly notify Agent if such Grantor grants any extension of the time of payment of any of the Accounts, Chattel Paper or Instruments or compromises, compounds or settles the same for less than the full amount thereof, or if such Grantor releases, wholly or partly, any Person liable for the payment thereof, or allows any credit or discount whatsoever thereon, in each case, other than any such action taken in the ordinary course of business of such Grantor.
Limitations on Modifications of Accounts. Upon the occurrence and during the continuation of any Event of Default, Debtor will not, without IPG's prior written consent (which consent will not be unreasonably withheld or delayed), grant any extension of the time of payment of any of the Accounts, Chattel Paper or Instruments, 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 trade discounts granted in Debtor's ordinary course of business as conducted on the date hereof.
Limitations on Modifications of Accounts. Upon the occurrence and during the continuation of any Event of Default, each Pledgor will not, without the Agent's prior written consent, grant any extension of the time of payment of any of the Accounts, Chattel Paper or Instruments, 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 trade discounts granted in the ordinary course of business of such Pledgor.
Limitations on Modifications of Accounts. Upon the occurrence and during the continuance of any Event of Default, no Grantor will, without the Agent's prior written consent, grant any extension of the time of payment of any of the Accounts, Chattel Paper or Instruments that are Collateral or compromise, compound or settle the same for less than the full amount thereof, or release, wholly or partly, any Person liable for the payment thereof, or allow any credit or discount whatsoever thereon.
Limitations on Modifications of Accounts. Such Credit Party will not, without the Administrative Agent’s and each Collateral Agent’s prior written consent, grant any extension of the time of payment of any of the Accounts, Accounts Receivable, Chattel Paper, Instruments, Payment Intangibles or Supporting Obligations, 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 any of the foregoing which are done in the ordinary course of business, consistent with past practices and trade discounts granted in the ordinary course of business of such Credit Party.
Limitations on Modifications of Accounts. Subject to the terms of the Second Amended Credit Agreement, upon the occurrence and during the continuation of any Event of Default, Grantor shall not, without Lender’s prior written consent, (i) grant any extension of the time of payment of any of the Accounts, Chattel Paper, Instruments or amounts due under any Contract; (ii) compromise or settle the same for less than the full amount thereof; (iii) release, in whole or in part, any Person liable for the payment thereof; or (iv) allow any credit or discount whatsoever thereon other than trade discounts granted in the ordinary course of business of Grantor.
Limitations on Modifications of Accounts. Subject to the terms of the Credit Agreement, upon the occurrence and during the continuation of any Event of Default, Debtor shall not, without Lender's prior written consent, (i) grant any extension of the time of payment of any of the Accounts, Chattel Paper, Instruments or amounts due under any Contract, (ii) compromise or settle the same for less than the full amount thereof, (iii) release, in whole or in part, any Person liable for the payment thereof, or (iv) allow any credit or discount whatsoever thereon other than trade discounts granted in the ordinary course of business of Debtor.
