Common use of Adjustments and Allowances Clause in Contracts

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 5 contracts

Samples: Loan and Security Agreement (Harvey Electronics Inc), Loan and Security Agreement (Great Train Store Co), Loan and Security Agreement (Garden Botanika Inc)

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Adjustments and Allowances. The Borrower may grant such allowances or -------------------------- other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc), Loan and Security Agreement (National Home Centers Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 6.3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 2 contracts

Samples: Agreement (Crown Books Corp), Loan and Security Agreement (Bakers Footwear Group Inc)

Adjustments and Allowances. The Each Borrower may grant such allowances or other adjustments to the that Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the LenderAgent's prior written consent in each instance) as the that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower Borrowers pursuant to this Section 66:6-3 may be limited or terminated by the Lender Agent at any time in the LenderAgent's discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Phar Mor Inc), Phar Mor Inc

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the LenderAgent's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Lender Agent at any time in the LenderAgent's discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Roberds Inc), Loan and Security Agreement (Sun Television & Appliances Inc)

Adjustments and Allowances. The Each Borrower may grant such allowances or other adjustments to the that Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the LenderAgent's prior written consent in each instance) as the that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower Borrowers pursuant to this Section 6-3 6.3 may be limited or terminated by the Lender Agent at any time in the LenderAgent's discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Drugmax Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 13 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 1 contract

Samples: Agreement (Gadzooks Inc)

Adjustments and Allowances. The Borrower Borrowers may grant such allowances or other adjustments to the Borrower's Borrowers’ Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's ’s prior written consent in each instance) as the Borrower Borrowers may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower Borrowers pursuant to this Section 6-3 may be limited or terminated by the Lender at any time in the Lender's discretion’s discretion after and during an Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (Iparty Corp)

Adjustments and Allowances. The Borrower may grant such allowances -------------------------- or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's ’s Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's ’s prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, ; provided, however, the authority granted the Borrower pursuant to this Section 6-3 6.3 may be limited or terminated by the Lender at any time following the occurrence and during the continuance of an Event of Default in the Lender's ’s discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Redenvelope Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Lender at any time after the occurrence of an Event of Default in the Lender's discretion.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Sun Television & Appliances Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account ReceivableReceivable in a material amount, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 68-3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Harrys Farmers Market Inc)

Adjustments and Allowances. The Borrower may grant such allowances -------------------------- or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which time extension shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 2 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 1 contract

Samples: Number Nine Visual Technology Corp

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 6.3 may be limited or terminated by the Lender at any time in if the Lender's discretionBorrower is In Default. 6.4.

Appears in 1 contract

Samples: Agreement (Golf Galaxy, Inc.)

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Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's ’s Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's ’s prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 6.3 may be limited or terminated by the Lender at any time in the Lender's ’s discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Bakers Footwear Group Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, ; provided, however, the authority granted the Borrower pursuant to this Section 6-3 6.3 may be limited or terminated by the Lender at any time following the occurrence and during the continuance of an Event of Default in the Lender's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluefly Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Lender at any time in the Lender's discretiondiscretion after and during an Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (Iparty Corp)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, providedPROVIDED, howeverHOWEVER, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Paper Warehouse Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 5.3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 1 contract

Samples: Agreement (Gadzooks Inc)

Adjustments and Allowances. The Borrower Borrowers may grant such allowances -------------------------- or other adjustments to the Borrower's Borrowers' Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower Borrowers may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower Borrowers pursuant to this Section 6-3 may be limited or terminated by the Lender at any time in the Lender's discretion. 6.4.

Appears in 1 contract

Samples: Modification Agreement (Video City Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 65-3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Gadzooks Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, providedPROVIDED, howeverHOWEVER, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Lender at any time in the Lender's discretion.

Appears in 1 contract

Samples: Big Entertainment Inc

Adjustments and Allowances. The Each Borrower may grant such allowances or other adjustments to the that Borrower's Account Debtors (exclusive of extending the time for payment of any material Account or material Account Receivable, which shall not be done without first obtaining the Lender's prior written consent in each instance) as the that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower Borrowers pursuant to this Section 6-3 6.3 may be limited or terminated by the Lender at any time in the Lender's discretionthat an Event of Default has occurred.

Appears in 1 contract

Samples: Alloy Inc

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