Common use of Sale or Discount of Receivables Clause in Contracts

Sale or Discount of Receivables. Except for receivables obtained by any Credit Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, nor will it permit any other Credit Party to, enter into an agreement with any Person to securitize any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any Credit Loan Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, nor and will it not permit any other Credit Party Subsidiary to, enter into an agreement discount or sell (with or without recourse) to any Person to securitize who is not a Loan Party any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any Credit Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower Parent will not, nor and will it not permit any other Credit Party to, enter into an agreement discount or sell (with any Person to securitize or without recourse) any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any a Credit Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, nor and will it not permit any other Credit Party Subsidiary to, enter into an agreement discount or sell (with any Person to securitize or without recourse) any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any the Credit Party Parties out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will shall not, nor will it and shall not permit any other Credit Party to, enter into an agreement discount or sell (with or without recourse) to any other Person to securitize that is not a Credit Party any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any Credit Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the neither Parent, any Borrower will not, nor will it permit any other Credit Party to, enter into an agreement will discount or sell (with or without recourse) to any other Person to securitize that is not a Credit Party any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any the Credit Party Parties out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, nor and will it not permit any other Credit Party to, enter into an agreement discount or sell (with any Person to securitize or without recourse) any of its notes receivable or accounts receivable.