Common use of Receivables Clause in Contracts

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantor, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 5 contracts

Samples: Guaranty and Collateral Agreement (Qumu Corp), Guaranty and Collateral Agreement (Multi Color Corp), Guaranty and Collateral Agreement (Sei Investments Co)

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Receivables. (a) Other than in the ordinary course of business consistent with its past practice and or as permitted in amounts which are not material to such Grantorexisting or future securitization transactions, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could materially adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 5 contracts

Samples: Guarantee and Collateral Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Guarantee and Collateral Agreement (Marriott Vacations Worldwide Corp), Amendment and Restatement Agreement (Marriott Vacations Worldwide Corp)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and practice, or otherwise in amounts which are not material to such Grantorits best business judgment, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors(excluding Medicare and Medicaid Receivables).

Appears in 3 contracts

Samples: Credit Agreement (Hanger, Inc.), Guarantee and Collateral Agreement (Hanger Orthopedic Group Inc), Credit Agreement (Hanger Orthopedic Group Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorso long as no Event of Default shall have occurred and be continuing, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (General Nutrition Companies Inc), Security Agreement (Corrections Corp of America), Guarantee and Collateral Agreement (Osullivan Industries Virginia Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorpractice, such Grantor will not (i) grant any extension of the time of payment of any Receivablematerial portion of the Receivables, (ii) compromise or settle any Receivable material portion of the Receivables for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivablematerial portion of the Receivables, (iv) allow any credit or discount whatsoever on any Receivable material portion of the Receivables or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Collateral Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (Imperial Holly Corp), Guarantee and Collateral Agreement (Imperial Holly Corp), Guarantee and Collateral Agreement (Imperial Holly Corp)

Receivables. After an Event of Default has occurred and is continuing: (a) Other other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorpractice, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such such Grantor will deliver to the Administrative Agent a copy of each material written demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 2 contracts

Samples: First Lien Guarantee and Collateral Agreement (WEB.COM Group, Inc.), Second Lien Guarantee and Collateral Agreement (WEB.COM Group, Inc.)

Receivables. (a) Other than in the ordinary course of business substantially consistent with its past practice and in amounts which are not material to such Grantorpractice, such Grantor will not (i) grant any extension of the time of payment of any material Receivable, (ii) compromise or settle any Receivable for less than the full a materially lesser amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any material Receivable, (iv) allow any material credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any material Receivable in any manner that could materially adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Roundy's, Inc.), Guarantee and Collateral Agreement (Jondex Corp)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorpractice, such Grantor will not (i) grant any extension of the time of payment of any ReceivableReceivable that is part of the Collateral, (ii) compromise or settle any such Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any such Receivable or (v) amend, supplement or modify any such Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantorsthat are part of the Collateral.

Appears in 2 contracts

Samples: Guaranty and Collateral Agreement (Furmanite Corp), Guaranty and Collateral Agreement (Furmanite Corp)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantor, in addition to its requirements under the Credit Agreement, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 2 contracts

Samples: Security Agreement (Ennis, Inc.), Security Agreement (Ennis, Inc.)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorbusiness, such Grantor will not (i) grant any extension of the time of payment of any material Receivable, (ii) compromise or settle any material Receivable for less than the full a materially lesser amount thereof, (iii) release, wholly or partiallypartially in any material respect, any Person liable for the payment of any material Receivable, (iv) allow any material credit or discount whatsoever on any material Receivable or (v) amend, supplement or modify any material Receivable in any manner that could materially adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Alliance Laundry Systems LLC), Credit Agreement (Alliance Laundry Systems LLC)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are except as would not material reasonably be expected to such Grantorhave a Material Adverse Effect, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 510% of the aggregate amount of the then outstanding Receivables for all of such Grantors.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (M & F Worldwide Corp)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and practice, or otherwise in amounts which are not material to such Grantorits best business judgment, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Hanger Orthopedic Group Inc)

Receivables. (a) Other After the occurrence of and during the continuance of an Event of Default, such Grantor will not, other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorbusiness, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could materially adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Vanguard Car Rental Group Inc.)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not non-material to such Grantoramounts, such Grantor will not not, without the prior written consent of the Administrative Agent (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Digerati Technologies, Inc.)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantoras generally conducted by the Company over a period of time, such Operating Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could materially adversely affect the value thereof, except in a manner consistent with the ordinary and customary conduct of its business. (b) Such Operating Grantor will deliver to the Administrative Agent upon its reasonable request a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (CSK Auto Corp)

Receivables. (a) Other than in the ordinary course of business ----------- consistent with its past practice and in amounts which are not material to such Grantoror with the prior written consent of the Agent, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Nitinol Medical Technologies Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are except as would not material reasonably be expected to such Grantorhave a Material Adverse Effect, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 510% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Barton Protective Services LLC)

Receivables. During any Full Security Period, (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorbusiness, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable Receivable, in each case, in any manner that could materially adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Credit Agreement (Scotts Miracle-Gro Co)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are except as would not material reasonably be expected to such Grantorhave a Material Adverse Effect, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Collateral Agents and the Designated Agent (if any) a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for Receivables. (c) Such Grantor shall perform and comply in all Grantorsmaterial respects with all of its obligations with respect to the Receivables.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Virgin Mobile USA, Inc.)

Receivables. (a) Other With respect to the Collateral, other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorpractice, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Grove Holdings Capital Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorthe Company and its Subsidiaries taken as a whole, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Kanbay International Inc)

Receivables. (a) Other In the case of each Grantor, other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorpractice, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Polo Ralph Lauren Corp)

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Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantor, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable Receivable, or (v) amend, supplement or modify any Receivable in any manner that could is likely to adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than five percent (5% %) of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Net Perceptions Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantor, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent Lender a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Westell Technologies Inc)

Receivables. (a) Other After the occurrence and during the continuance of an Event of Default, such Grantor will not, other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorbusiness, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof, in each case, without the consent of the Administrative Agent. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 510% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Innophos Investment Holdings, Inc.)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are or except as would not material to such Grantorhave a Material Adverse Effect, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (General Semiconductor Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantor, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Qumu Corp)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are except as would not material reasonably be expected to such Grantorhave a Material Adverse Effect, such the Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such The Grantor will deliver to the Administrative Collateral Agents and the Designated Agent (if any) a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for Receivables. (c) The Grantor shall perform and comply in all Grantorsmaterial respects with all of its obligations with respect to the Receivables.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Virgin Mobile USA, Inc.)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such GrantorGrantor or as otherwise permitted by the Note Purchase Agreement, such Grantor will shall not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will shall deliver to the Administrative Agent Purchaser a copy of each material demand, notice or document received by it such Grantor that questions or calls into doubt the validity or enforceability of more than 5% [ten percent (10.0%)] of the aggregate amount of the then outstanding Receivables for all Grantorssuch Grantor.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Clearone Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and practice, or otherwise in amounts which are not material to such Grantorits best business judgment, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors(excluding Medicare and Medicaid Receivables).

Appears in 1 contract

Samples: Credit Agreement (Hanger, Inc.)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantor, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Collateral Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Proquest Co)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantor, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all Grantors.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Akorn Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantoror as permitted by the Credit Agreement, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 515% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Credit Agreement (Earthstone Energy Inc)

Receivables. (a) Other than in the ordinary course of business consistent with its past practice and in amounts which are not material to such Grantorpractice, or as otherwise permitted by the Credit Agreement, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 510% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Archstone Smith Operating Trust)

Receivables. (a) Other than in the ordinary course of business ----------- consistent with its past practice and in amounts which are not material to such Grantorpractice, such Grantor will not (i) grant any extension of the time of payment of any material Receivable, (ii) compromise or settle any material Receivable for less than the full a materially lesser amount thereof, (iii) release, wholly or partiallypartially in any material respect, any Person liable for the payment of any material Receivable, (iv) allow any material credit or discount whatsoever on any material Receivable or (v) amend, supplement or modify any material Receivable in any manner that could materially adversely affect the value thereof. (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables for all GrantorsReceivables.

Appears in 1 contract

Samples: Credit Agreement (Alliance Laundry Holdings LLC)

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