Treatment of Receivables. Not grant or extend the time for payment of any receivable, or compromise or settle any receivable 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 such Obligor's business.
Appears in 2 contracts
Samples: Credit Agreement (Genicom Corp), Subordinated Guaranty and Security Agreement (Genicom Corp)
Treatment of Receivables. Not grant or extend the time for payment of any receivable, or compromise or settle any receivable 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 such an Obligor's businessbusiness (including the acceptance of certain notes by the Borrower in its sales of polystyrene sheets and films).
Appears in 2 contracts
Samples: Security Agreement (Ivex Packaging Corp /De/), Security Agreement (Ivex Packaging Corp /De/)
Treatment of Receivables. Not grant or extend the time ------------------------ for payment of any receivable, or compromise or settle any receivable 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 such an Obligor's business.
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