Common use of Receivables and Payables Clause in Contracts

Receivables and Payables. Neither Borrower nor any Guarantor will discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivable.

Appears in 6 contracts

Samples: Credit Agreement (Southwest Royalties Inc), Credit Agreement (Exco Resources Inc), Credit Agreement (Exco Resources Inc)

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Receivables and Payables. Neither Borrower None of the Borrowers nor any Subsidiary Guarantor will discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

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