Common use of Modification of Terms, etc Clause in Contracts

Modification of Terms, etc. No Grantor shall rescind or cancel any indebtedness evidenced by any Account or modify any term thereof or make any adjustment with respect thereto, extend or renew any such indebtedness, compromise or settle any dispute, claim, suit or legal proceeding relating thereto, or sell any Account or interest therein, without the prior written consent of the Collateral Agent, except, in each such case, in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent with past practice).

Appears in 4 contracts

Samples: Security Agreement (Barnes & Noble Education, Inc.), Credit Agreement (Barnes & Noble Education, Inc.), Credit Agreement (Barnes & Noble Education, Inc.)

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Modification of Terms, etc. No Grantor shall rescind or cancel any indebtedness evidenced by any Account or modify any term thereof or make any adjustment with respect theretothereto except in the ordinary course of business consistent with prudent business practice, or extend or renew any such indebtedness, indebtedness except in the ordinary course of business consistent with prudent business practice or compromise or settle any dispute, claim, suit or legal proceeding relating thereto, thereto or sell any Account or interest therein, without the prior written consent of the Collateral Agent, except, in each such case, therein except in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent in accordance with past practice)the Credit Agreement without the prior written consent of the Collateral Agent.

Appears in 3 contracts

Samples: Security Agreement (FDO Holdings, Inc.), Security Agreement (FDO Holdings, Inc.), Security Agreement (FDO Holdings, Inc.)

Modification of Terms, etc. No Grantor shall (i) rescind or cancel any indebtedness obligations evidenced by any Account or Account, (ii) modify any term thereof or make any adjustment with respect thereto, (iii) extend or renew any such indebtednessobligations, (iv) compromise or settle any dispute, claim, suit or legal proceeding relating thereto, thereto or (v) sell any Account or interest therein, without the prior written consent of the Collateral Agent, except, in each such case, in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent with past practice).

Appears in 2 contracts

Samples: Security Agreement (Seracare Life Sciences Inc), Security Agreement (Valpey Fisher Corp)

Modification of Terms, etc. No Grantor shall rescind or cancel any indebtedness evidenced by any Account or modify any term thereof or make any adjustment with respect theretothereto except in the ordinary course of business consistent with prudent business practice, or extend or renew any such indebtedness, indebtedness except in the ordinary course of business consistent with prudent business practice or compromise or settle any dispute, claim, suit or legal proceeding relating thereto, thereto or sell any Account or interest therein, without the prior written consent of the Collateral Agent, except, in each such case, therein except in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent or in accordance with past practice)the Credit Agreement without the prior written consent of the Agent.

Appears in 2 contracts

Samples: Security Agreement (Kirkland's, Inc), Security Agreement (Kirkland's, Inc)

Modification of Terms, etc. No Grantor shall rescind or cancel any indebtedness evidenced by any Account or modify any term thereof or make any adjustment with respect thereto, extend or renew any such indebtedness, compromise or settle any dispute, claim, suit or legal proceeding relating thereto, or sell any Account or interest therein, without the prior written consent of the Collateral Agent, except, in each such case, in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent with past practice), without the prior written consent of the Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Barnes & Noble Inc)

Modification of Terms, etc. No Grantor shall rescind or cancel any indebtedness evidenced by any Account Receivable or modify any term thereof or make any adjustment with respect theretothereto except in the ordinary course of business substantially consistent with prudent business practice, or extend or renew any such indebtedness, indebtedness except in the ordinary course of business consistent with prudent business practice or compromise or settle any dispute, claim, suit or legal proceeding relating thereto, thereto or sell any Account Receivable or interest therein, therein except in the ordinary course of business substantially consistent with prudent business practice without the prior written consent of the Collateral Administrative Agent, except, in each such case, in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent with past practice). Collection.

Appears in 1 contract

Samples: Credit Agreement (Business Sound Inc)

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Modification of Terms, etc. No Grantor shall rescind or cancel any indebtedness evidenced by any Account Receivable or modify any term thereof or make any adjustment with respect theretothereto except in the ordinary course of business substantially consistent with prudent business practice, or extend or renew any such indebtedness, indebtedness except in the ordinary course of business consistent with prudent business practice or compromise or settle any dispute, claim, suit or legal proceeding relating thereto, thereto or sell any Account Receivable or interest therein, therein except in the ordinary course of business substantially consistent with prudent business practice without the prior written consent of the Collateral Administrative Agent, except, in each such case, in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent with past practice).

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Business Sound Inc)

Modification of Terms, etc. No Grantor shall rescind or cancel any indebtedness evidenced by any Account Account, Credit Card Receivable or other Payment Intangible or modify any term thereof or make any adjustment with respect thereto, extend or renew any such indebtedness, compromise or settle any dispute, claim, suit or legal proceeding relating thereto, or sell any Account or interest therein, without the prior written consent of the Collateral Agent, except, in each such case, thereto except in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent with past practice).

Appears in 1 contract

Samples: Security Agreement (Foot Locker, Inc.)

Modification of Terms, etc. No Except in accordance with such Grantor's ordinary course of business and consistent with its reasonable business judgment or as otherwise permitted pursuant to the Credit Agreement, no Grantor shall rescind or cancel any indebtedness evidenced by any Account Account, or modify any material term thereof or make any material adjustment with respect thereto, or extend or renew any such indebtednessthe same, or compromise or settle any material dispute, claim, suit or legal proceeding relating thereto, or sell any Account Account, or interest therein, without the prior written consent of the Collateral Agent, except, in each such case, in the ordinary course of business consistent with prudent business practice (which shall include any manner consistent with past practice).

Appears in 1 contract

Samples: Security Agreement (Fleming Companies Inc /Ok/)

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