Settle or Adjust Disputes. Lender may settle or adjust disputes and claims directly with Account Debtors to the Accounts for amounts and upon terms which Lender considers advisable, and in such cases, Lender will credit Borrower’s loan account with only the net amounts received by Lender in payment of such disputed Accounts, after deducting all Lender Expenses incurred or expended in connection therewith.
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Samples: Loan and Security Agreement (Visualant Inc), Loan and Security Agreement (Andalay Solar, Inc.), Loan and Security Agreement (Great American Group, Inc.)
Settle or Adjust Disputes. Lender may settle or adjust disputes and claims directly with Account Debtors to the Accounts for amounts and upon terms which Lender considers advisable, and in such cases, Lender will credit Borrower’s 's loan account with only the net amounts received by Lender in payment of such disputed Accounts, after deducting all Lender Expenses incurred or expended in connection therewith.
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Samples: Loan and Security Agreement (Vertical Branding, Inc.), Loan and Security Agreement (Mendocino Brewing Co Inc)
Settle or Adjust Disputes. Lender may settle or adjust disputes and claims directly with Account Debtors to the Accounts for amounts and upon terms tenns which Lender considers advisable, and in such cases, Lender will credit Borrower’s loan account with only the net amounts received by Lender in payment of such disputed Accounts, after deducting all Lender Expenses incurred or expended in connection therewith.
Appears in 1 contract
Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)
Settle or Adjust Disputes. Lender Lenders may settle or adjust disputes and claims directly with Account Debtors to the Accounts for amounts and upon terms which Lender Lenders considers advisable, and in such cases, Lender Lenders will credit Borrower’s loan account with only the net amounts received by Lender Lenders in payment of such disputed Accounts, after deducting all Lender Lenders Expenses incurred or expended in connection therewith.
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