Common use of Limitations on Modifications of Accounts Clause in Contracts

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. Upon the ---------------------------------------- occurrence and during the continuance continuation of any Default or Event of Default, the no Grantor will notwill, 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 thereonthereon other than 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 Collateral 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. Upon the ---------------------------------------- occurrence and during the continuance of any Default or Event of Default, the Grantor will not, without the AgentLender'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. Upon the ---------------------------------------- occurrence and during the continuance of any Event of Default, the no Grantor will notwill, 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, 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. Upon Following the ---------------------------------------- occurrence and during the continuance of any Event of Default, the such Grantor will not, without the AgentSecured Party'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.