Common use of Limitations on Modifications of Receivables and Other Intangibles; No Waivers or Extensions Clause in Contracts

Limitations on Modifications of Receivables and Other Intangibles; No Waivers or Extensions. The Borrower will not (a) amend, modify, terminate or waive any provision of any material Receivable or Other Intangible in any manner which might have a materially adverse effect on the value of such Receivable or Other Intangible as Collateral, (b) fail to exercise promptly and diligently each and every material right which it may have under each Receivable and Other Intangible or (c) fail to deliver to the Bank a copy of each material demand, notice or document received by it relating in any way to any Receivable or Other Intangible. The Borrower will not, without the Bank's prior written consent, grant any extension of the time of payment of any Receivable or amounts due under any material Other Intangible, compromise, 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 normal course of business, except such as in the reasonable judgment of the Borrower are advisable to enhance the collectability thereof.

Limitations on Modifications of Receivables and Other Intangibles; No Waivers or Extensions. The Borrower Grantor will not (ai) amend, modify, terminate or waive any provision of any material Receivable or Other Intangible in any manner which might have a materially adverse effect on the value of such Receivable or Other Intangible as Collateral, (bii) fail to exercise promptly and diligently each and every material right which it may have under each Receivable and Other Intangible or (ciii) fail to deliver to the Bank Secured Party a copy of each material demand, notice or document received by it relating in any way to any Receivable or Other Intangible. The Borrower Grantor will not, without the Bank's Secured Party’s prior written consent, grant any extension of the time of payment of any Receivable or amounts due under any material Other Intangible, 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 normal course of business, except such as in the reasonable judgment of the Borrower Grantor are advisable to enhance the collectability collectibility thereof.

Limitations on Modifications of Receivables and Other Intangibles; No Waivers or Extensions. The Borrower Client will not (ai) amend, modify, terminate or waive any provision of any material Receivable or Other Intangible in any manner which might have a materially adverse effect on the value of such Receivable or Other Intangible as Collateral, (bii) fail to exercise promptly and diligently each and every material right which it may have under each Receivable and Other Intangible or (ciii) fail to deliver to the Bank Provider a copy of each material demand, notice or document received by it relating in any way to any Receivable or Other Intangible. The Borrower Client will not, without the Bank's Provider’s prior written consent, grant any extension of the time of payment of any Receivable or amounts due under any material Other Intangible, 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 normal course of business, except such as in the reasonable judgment of the Borrower Client are advisable to enhance the collectability collectibility thereof.

Limitations on Modifications of Receivables and Other Intangibles; No Waivers or Extensions. The Borrower Buyer will not (ai) amend, modify, terminate or waive any provision of any material Receivable or Other Intangible in any manner which might have a materially adverse effect on the value of such Receivable or Other Intangible as Collateral, (bii) fail to -10- exercise promptly and diligently each and every material right which it may have under each Receivable and Other Intangible or (ciii) fail to deliver to the Bank Seller a copy of each material demand, notice or document received by it relating in any way to any Receivable or Other Intangible. The Borrower Buyer will not, without the BankSeller's prior written consent, grant any extension of the time of payment of any Receivable or amounts due under any material Other Intangible, 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 normal course of business, except such as in the reasonable judgment of the Borrower Buyer as are advisable to enhance the collectability collectibility thereof.

Limitations on Modifications of Receivables and Other Intangibles; No Waivers or Extensions. The Borrower Buyer will not (ai) amend, modify, terminate or waive any provision of any material Receivable or Other Intangible in any manner which that might have a materially adverse effect on the value of such Receivable or Other Intangible as CollateralIntangible, (bii) fail to exercise promptly and diligently each and every material right which it may have under each any Receivable and or Other Intangible or (ciii) fail to deliver to the Bank Seller a copy of each material demand, notice or document received by it relating in any way to any Receivable or Other Intangible. The Borrower Buyer will not, without the BankSeller's prior written consent, grant any extension of the time of for payment of any Receivable or amounts due under any material Other Intangible, 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 trade discounts granted in the normal course of business, except such as in the reasonable judgment of the Borrower Buyer are advisable to enhance the collectability collectibility thereof.

Limitations on Modifications of Receivables and Other Intangibles; No Waivers or Extensions. The Borrower Debtor will not not, except in the exercise of the Debtor's reasonable business judgment, (ai) amend, modify, terminate or waive any provision of any material Receivable or Other Intangible in any manner which might have a materially adverse effect on the value of such Receivable or Other Intangible as Collateral, (bii) fail to exercise promptly and diligently each and every material right which it may have under each Receivable and Other Intangible or (ciii) fail to deliver to the Bank a copy of each material demand, notice or document received by it relating in any way to any Receivable or Other Intangible. The Borrower Debtor will not, without the Bank's prior written consent, grant any extension of the time of payment of any Receivable or amounts due under any material Other Intangible, 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 normal course of business, except such as in the reasonable judgment of the Borrower Debtor are advisable to enhance the collectability thereofadvisable.

Limitations on Modifications of Receivables and Other Intangibles; No Waivers or Extensions. The Borrower will not (a) amend, modify, terminate or waive any provision of any material Receivable or Other Intangible in any manner which might have a materially adverse effect on the value of such Receivable or Other Intangible as Collateral, (b) fail to exercise promptly and diligently each and every material right which it may have under each Receivable and Other Intangible or (c) fail to deliver to the Bank a copy of each material demand, notice or document received by it relating in any way to any Receivable or Other Intangible. The Borrower will not, without the Bank's prior written consentconsent (which shall not be unreasonably withheld or delayed), grant any extension of the time of payment of any Receivable or amounts due under any material Other Intangible, compromise, 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 normal course of business, except in each case such as in the reasonable judgment of the Borrower are advisable to enhance the collectability thereof.