Common use of Sale or Discount of Accounts Clause in Contracts

Sale or Discount of Accounts. Borrower will not, and it will not cause or permit any of its Subsidiaries to, sell or discount any of its notes or accounts receivable or chattel paper.

Appears in 5 contracts

Samples: Revolving Credit and Term Loan Agreement (Doane Products Co), Revolving Credit and Term Loan Agreement (Doane Pet Care Co), Revolving Credit Agreement (Huntco Inc)

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Sale or Discount of Accounts. Borrower will not, and it will not cause or permit any of its Subsidiaries Subsidiary to, sell or discount (other than prompt payment discounts granted in the ordinary course of business) any of its notes or accounts receivable or chattel paper.

Appears in 4 contracts

Samples: Loan Agreement (Virbac Corp), Revolving Credit Agreement (Cpi Corp), Revolving Credit Agreement (Cpi Corp)

Sale or Discount of Accounts. Borrower will not, and it will not cause or permit any of its Subsidiaries to, sell or discount any of its notes or accounts receivable receivables (whether represented by a note, account, general intangible or chattel paper) other than in the ordinary course of its business.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Halter Marine Group Inc), Revolving Credit Agreement (Superior Energy Services Inc), Revolving Credit Agreement (Halter Marine Group Inc)

Sale or Discount of Accounts. Borrower will not, and it will not cause or permit any of its Subsidiaries Subsidiary to, sell or discount (other than prompt payment discounts granted in the ordinary course of business) any of its Accounts or notes or accounts receivable or chattel paper, except as required by the Xxxxxxxx Advisory Agreements.

Appears in 2 contracts

Samples: Term Loan Agreement (Hennessy Advisors Inc), Loan Agreement (Hennessy Advisors Inc)

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Sale or Discount of Accounts. Borrower will not, and it will not cause or permit any of its Subsidiaries Subsidiary to, sell or discount (other than prompt payment discounts granted in the ordinary course of business) any of its notes accounts or accounts receivable other receivables or chattel paper.

Appears in 2 contracts

Samples: Loan Agreement (Schiff Nutrition International, Inc.), Loan Agreement (Schiff Nutrition International, Inc.)

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