Common use of Discretionary Rights Clause in Contracts

Discretionary Rights. The Advance Rates may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rates or increasing or imposing Reserves may limit or restrict Advances requested by Borrowing Representative.

Appears in 1 contract

Samples: Security Agreement (Quality Gold Holdings, Inc.)

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Discretionary Rights. The Advance Rates may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rates or increasing or imposing Reserves may limit or restrict Advances requested by Borrowing RepresentativeBorrower.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Advanced Lighting Technologies Inc)

Discretionary Rights. The Advance Rates may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Each Borrower consents Borrowers consent to any such increases or decreases and acknowledges acknowledge that decreasing the Advance Rates or increasing or imposing Reserves may limit or restrict Advances requested by Borrowing RepresentativeBorrowers.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)

Discretionary Rights. The Receivables Advance Rates Rate may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Each Borrower consents Borrowers consent to any such increases or decreases and acknowledges acknowledge that decreasing the Receivables Advance Rates or increasing or imposing Reserves Rate may limit or restrict Advances requested by Borrowing RepresentativeBorrowers.

Appears in 1 contract

Samples: Credit and Security Agreement (Canisco Resources Inc)

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Discretionary Rights. The Advance Rates Rate may be increased or decreased by Lender at any time and from time to time in the exercise of its reasonable discretion. Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rates Rate or increasing or imposing Reserves reserves may limit or restrict Advances requested by Borrowing RepresentativeBorrowers. Lender shall give Borrowers five (5) days prior written notice of its intention to decrease the Advance Rate.

Appears in 1 contract

Samples: Security Agreement (Franklin Electronic Publishers Inc)

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