Common use of Treatment of Accounts Clause in Contracts

Treatment of Accounts. Not grant or extend the time for payment of any Account constituting Collateral, or compromise or settle any Account constituting Collateral for less than the full amount thereof, or release any person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account constituting Collateral in any manner that could reasonably be likely 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. Each 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 any Account.

Treatment of Accounts. Not grant or extend the time for payment of any Account constituting CollateralAccount, or compromise or settle any Account constituting Collateral for less than the full amount thereof, or release any person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account constituting Collateral in any manner that could reasonably be likely 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 businessbusiness or in respect of Accounts with a face value of less than $250,000. Each 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 any Account, but only if the amount of such Account subject to doubt or question, whether as to enforceability or otherwise, exceeds $250,000.

Treatment of Accounts. Not grant or extend the time for payment of any Account constituting CollateralAccount, or compromise or settle any Account constituting Collateral for less than the full amount thereof, or release any person or property, in whole or in part, from payment thereof, or amend, supplement or modify any Account constituting Collateral in any manner that could reasonably be likely 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 businessbusiness or in respect of Accounts with a face value of less than $500,000. Each 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 any Account, but only if the amount of such Account subject to doubt or question, whether as to enforceability or otherwise, exceeds $500,000.