Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by law.
Appears in 20 contracts
Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a Grantor’s business or as required by law.
Appears in 15 contracts
Samples: Security Agreement (RedHill Biopharma Ltd.), Security Agreement (Venus Concept Inc.), Security Agreement (NOODLES & Co)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawan Obligor's business.
Appears in 14 contracts
Samples: Credit Agreement (Moll Industries Inc), Credit Agreement (Modtech Holdings Inc), Security Agreement (Moll Industries Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawbusiness.
Appears in 10 contracts
Samples: Indenture (StoneX Group Inc.), Security and Pledge Agreement (StoneX Group Inc.), Security and Pledge Agreement
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawand (ii) maintain at its principal place of business a record of Accounts consistent with customary business practices.
Appears in 8 contracts
Samples: Second Lien Security Agreement (Gencorp Inc), Security Agreement (Pantry Inc), Credit Agreement (Nci Building Systems Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s 's business or as required by law.
Appears in 4 contracts
Samples: General Security Agreement (Thomas Equipment, Inc.), Security Agreement (School Specialty Inc), Security Agreement (Accredo Health Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawLaw.
Appears in 4 contracts
Samples: Security Agreement (Armstrong World Industries Inc), Security Agreement (Armstrong World Industries Inc), Security Agreement (Kraton Polymers LLC)
Treatment of Accounts. Not grant or extend the time for payment of any material Account, or compromise or settle any material Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawbusiness.
Appears in 3 contracts
Samples: Amended and Restated Credit Agreement (IASIS Healthcare LLC), Revolving Credit Agreement (IASIS Healthcare LLC), Credit Agreement (IASIS Healthcare LLC)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account in any manner that could reasonably be likely to adversely affect the value thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawbusiness.
Appears in 3 contracts
Samples: Security and Pledge Agreement (Nuvasive Inc), Security and Pledge Agreement (Nuvasive Inc), Security and Pledge Agreement (Nuvasive Inc)
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course prudent conduct of an Obligor's business and (ii) maintain at its principal place of business a Grantor’s record of Accounts consistent with customary business or as required by lawpractices.
Appears in 3 contracts
Samples: Security Agreement (Usc May Verpackungen Holding Inc), Security Agreement (Usc May Verpackungen Holding Inc), Security Agreement (Usc May Verpackungen Holding Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawbusiness.
Appears in 3 contracts
Samples: Security Agreement (Amedisys Inc), Security Agreement (SPX FLOW, Inc.), Security Agreement (Amedisys Inc)
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course prudent conduct of a Grantoran Obligor’s business or as required by law(to be determined in Obligor’s reasonable discretion) and (ii) maintain at its principal place of business a record of Accounts consistent with prudent business practices.
Appears in 2 contracts
Samples: Agency Succession and Amendment Agreement (GateHouse Media, Inc.), Security Agreement (GateHouse Media, Inc.)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s 's business or as required by law.
Appears in 2 contracts
Samples: Security Agreement (American Healthchoice Inc /Ny/), Security Agreement (Rehabcare Group Inc)
Treatment of Accounts. Not grant or extend the time for payment of any AccountAccount of such Obligor, or compromise or settle any Account of such Obligor for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantorsuch Obligor’s business or as required by lawbusiness.
Appears in 2 contracts
Samples: Security and Pledge Agreement (AeroVironment Inc), Security and Pledge Agreement (Resources Connection Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s an Obligor's business or as required by lawto the extent such action would not reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Security Agreement (Caraustar Industries Inc), Credit Agreement (Caraustar Industries Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawprovided for in the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Omega Healthcare Investors Inc), Security Agreement (Omega Healthcare Investors Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account in any manner that could reasonably be expected to materially adversely affect the value thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawbusiness.
Appears in 2 contracts
Samples: Credit Agreement (Advanced Emissions Solutions, Inc.), Credit Agreement (Advanced Emissions Solutions, Inc.)
Treatment of Accounts. Not grant or extend the time for payment of any AccountAccount in excess of $5,000,000, or compromise or settle any such Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a Grantor’s business or as required by law.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Ardent Health Partners, LLC), Abl Credit Agreement (Ardent Health Partners, LLC)
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of an Obligor's business and (ii) maintain at its principal place of business a Grantor’s record of Accounts consistent with customary business or as required by lawpractices.
Appears in 2 contracts
Samples: Security Agreement (Riviera Holdings Corp), Security Agreement (Pantry Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business business, as permitted by the Credit Agreement or as required by law.;
Appears in 2 contracts
Samples: First Lien Credit Agreement (Trinet Group Inc), Second Lien Credit Agreement (Trinet Group Inc)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawbusiness.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Omega Protein Corp), Security and Pledge Agreement (Teradyne, Inc)
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawand (ii) maintain at its principal place of business a record of Accounts consistent with customary business practices.
Appears in 2 contracts
Samples: Security Agreement (Premier, Inc.), Security Agreement (Premier, Inc.)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or adjust, compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawotherwise determined in such Obligor’s reasonable business judgment.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Orbital Atk, Inc.), Security and Pledge Agreement (Orbital Sciences Corp /De/)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account in any manner that could reasonably be likely to adversely affect the value thereof, or allow any credit or discount thereon, other than as normal and customary than, in the case of any of the foregoing, in the ordinary course of a Grantor’s business or as required by lawbusiness.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Inseego Corp.), Security and Pledge Agreement (Inseego Corp.)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawwould not reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Newport Corp), Security and Pledge Agreement (Newport Corp)
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal unless such actions could not reasonable be expected to have a Material Adverse Effect, and (ii) maintain at its principal place of business a record of Accounts consistent with customary in the ordinary course of a Grantor’s business or as required by lawpractices.
Appears in 2 contracts
Samples: Security Agreement (Lionbridge Technologies Inc /De/), Security Agreement (Lionbridge Technologies Inc /De/)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a such Grantor’s business or as required by lawLaws.
Appears in 2 contracts
Samples: Credit Agreement (Ipayment Inc), Security Agreement (Ipayment Inc)
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course prudent conduct of a Grantor’s Credit Party's business or as required by lawand (ii) maintain at its principal place of business a record of Accounts consistent with customary business practices.
Appears in 1 contract
Samples: Security Agreement (American Medical Systems Holdings Inc)
Treatment of Accounts. Not grant or extend the time for payment of any AccountAccount (other than any Account constituting Excluded Property), or compromise or settle any Account (other than any Account constituting Excluded Property) for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawbusiness.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s an Obligor's business or as required by law.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in permitted under the ordinary course of a Grantor’s business or as required by lawCredit Agreement.
Appears in 1 contract
Samples: Revolving Credit Agreement (Delek US Holdings, Inc.)
Treatment of Accounts. Not grant or extend the time for payment of any AccountAccount of such Obligor, or compromise or settle any Account of such Obligor for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case, other than as normal and customary (i) in accordance with such Obligor’s credit policy, or (ii) in the ordinary course of a Grantorsuch Obligor’s business or as required by lawbusiness.
Appears in 1 contract
Samples: Security and Pledge Agreement (Owens & Minor Inc/Va/)
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantorthe Debtor’s business or as required by lawand (ii) maintain at its principal place of business a record of Accounts consistent with customary business practices.
Appears in 1 contract
Samples: Master Financing Agreement (Zap)
Treatment of Accounts. Not grant or extend the time for payment of any AccountAccount of such Grantor, or compromise or settle any such Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a such Grantor’s business or as such Grantor may determine appropriate in the exercise of its commercially reasonable judgment or as required by law.
Appears in 1 contract
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any material Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of an Obligor's business and (ii) maintain at its principal place of business a Grantor’s record of Accounts consistent with customary business or as required by lawpractices.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or adjust, compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawbusiness.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business, as deemed appropriate by such Grantor in its reasonable business judgment, or as required by law.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawthe Obligor's business.
Appears in 1 contract
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a GrantorDebtor’s business or as required by lawand (ii) maintain at its principal place of business a record of Accounts consistent with customary business practices.
Appears in 1 contract
Samples: Master Financing Agreement (Zap)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawLaw.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account in any manner that could reasonably be likely to adversely affect the value thereof, or allow any credit or discount thereon, in each case, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawbusiness.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account in any manner that could reasonably be likely to adversely affect the value thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by law.11 4828-1542-5361_6
Appears in 1 contract
Samples: Credit Agreement (Ashford Inc.)
Treatment of Accounts. Not grant or extend the time for --------------------- payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawan Obligor's business.
Appears in 1 contract
Samples: Security Agreement (Partminer Inc)
Treatment of Accounts. Not grant or extend the time for payment of any AccountAccount of such Grantor, or compromise or settle any such Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a such Grantor’s business, in accordance with customary industry practices as determined by such Grantor in its good faith business judgment or as required by law.
Appears in 1 contract
Samples: Security Agreement (Dermira, Inc.)
Treatment of Accounts. (i) Not grant or extend the time for payment of any material Account, or compromise or settle any material Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawand (ii) maintain at its principal place of business a record of Accounts consistent with customary business practices.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as is normal and customary in the ordinary course of a Grantoran Obligor’s business or as required by lawbusiness.
Appears in 1 contract
Samples: Security and Pledge Agreement (InfrastruX Group, Inc.)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawan Obligor's business.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a Grantor’s 's business or as required by law.
Appears in 1 contract
Samples: Security Agreement (GFI Group Inc.)
Treatment of Accounts. Not Upon an Event of Default, not grant or --------------------- extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawan Obligor's business.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or 's business, as required by lawlaw or as would not reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Security Agreement (Amerigroup Corp)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, ,in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s 's business or as required by law.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary deemed appropriate by such Grantor in the ordinary course of a Grantor’s its reasonable business judgment, or as required by law.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any AccountAccount of such Grantor, or compromise or settle any such Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a such Grantor’s business or as such Grantor may determine appropriate in the exercise of its commercially reasonable judgment or as required by lawLaw.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by law.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s 's business or as required by law.
Appears in 1 contract
Samples: Security Agreement (Loral Space & Communications LTD)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawbusiness.
Appears in 1 contract
Treatment of Accounts. (i) Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of an Obligor's business, and (ii) maintain at its principal place of business a Grantor’s record of Accounts consistent with customary business or as required by lawpractices.
Appears in 1 contract
Samples: Security Agreement (Dean Holding Co)
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by applicable law.
Appears in 1 contract
Samples: Security Agreement (Premiere Global Services, Inc.)
Treatment of Accounts. Not grant or extend the time for payment of any AccountAccount in excess of $100,000, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a the Grantor’s 's business or as required by law.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in the ordinary course of a Grantor’s business or as required by lawsuch Obligor's business.
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account in any manner that could reasonably be likely to materially and adversely affect the value thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a Grantor’s business or as required by law.business;
Appears in 1 contract
Treatment of Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any Person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, in each case other than as normal and customary in the ordinary course of a Grantor’s business, as deemed appropriate by such Grantor in its reasonable business judgment, or as required by law.
Appears in 1 contract