Common use of Notes, Accounts Receivable and Claims Clause in Contracts

Notes, Accounts Receivable and Claims. The Borrower shall not, and shall not permit any of its Subsidiaries to, sell, discount or otherwise dispose of any note, account receivable or other right to receive payment, with or without recourse, except for collection in the ordinary course of business; or fail to timely assert any claim, cause of action or contract right which it possesses against any third party or agree to settle or compromise any such claim, cause of action or contract right except in any case in the exercise of good business judgment and except for settlements or compromises made in the reasonable exercise of business judgment in the ordinary course of business.

Appears in 2 contracts

Samples: Loan Agreement (Osborn Communications Corp /De/), Loan Agreement (Gray Communications Systems Inc /Ga/)

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Notes, Accounts Receivable and Claims. The Borrower shall not, and shall not permit any of its Subsidiaries to, sell, ------------------------------------- discount or otherwise dispose of any note, account receivable Receivable or other right to receive payment, with or without recourse, except for collection in the ordinary course of business; or fail to timely assert any claim, cause of action or contract right which it possesses against any third party or agree to settle or compromise any such claim, cause of action or contract right except in any case in the exercise of good business judgment and except for settlements or compromises made in the reasonable exercise of business judgment in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Facilicom International Inc)

Notes, Accounts Receivable and Claims. The Borrower shall not, and shall not permit any of its Subsidiaries to, sell, discount or otherwise dispose of any note, account receivable or other right to receive payment, with or without recourse, except for collection in the ordinary course of business; , or fail to timely assert any claim, cause of action or contract right which it possesses against any third party or agree to settle or compromise any such claim, cause of action or contract right except in any case in the exercise of good business judgment and except for settlements or compromises compromise made in the reasonable exercise of business judgment in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Gray Communications Systems Inc /Ga/)

Notes, Accounts Receivable and Claims. The Borrower shall not, and shall not permit any of its Subsidiaries to, (a) sell, discount or otherwise dispose of any note, account receivable or other right to receive payment, with or without recourse, except for collection in the ordinary course of business; or (b) fail to timely assert any claim, cause of action or contract right which it its possesses against any third party or nor agree to settle or compromise any such claim, cause of action or contract right except in any case in the exercise of good business judgment and except for settlements or compromises made in the reasonable exercise of business judgment in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Crown Castle International Corp)

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Notes, Accounts Receivable and Claims. The Borrower shall not, and shall not permit any of its Subsidiaries to, ------------------------------------- (a) sell, discount or otherwise dispose of any note, account receivable or other right to receive payment, with or without recourse, except for collection in the ordinary course of business; or (b) fail to timely assert any claim, cause of action or contract right which it possesses against any third party or nor agree to settle or compromise any such claim, cause of action or contract right except in any case in the exercise of good business judgment and except for settlements or compromises made in the reasonable exercise of business judgment in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Crown Castle International Corp)

Notes, Accounts Receivable and Claims. The Borrower Borrowers shall not, ------------------------------------- and shall not permit any of its their Subsidiaries to, (a) sell, discount or otherwise dispose of any note, account receivable or other right to receive payment, with or without recourse, except for collection in the ordinary course of business; or (b) fail to timely assert any claim, cause of action or contract right which it possesses they possess against any third party or nor agree to settle or compromise any such claim, cause of action or contract right except in any case in the exercise of good business judgment and except for settlements or compromises made in the reasonable exercise of business judgment in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Crown Castle International Corp)

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