Negotiations with Account Debtors. Upon the occurrence and during the continuation of any Event of Default, U. S. Bank may, in its sole discretion, extend or consent to the extension of the time of payment or maturity of any Instruments, Accounts, Chattel Paper, or General Intangibles.
Appears in 4 contracts
Samples: Security Agreement (New West Eyeworks Inc), Security Agreement (Gargoyles Inc), Security Agreement (Gargoyles Inc)