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 Agent’s prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, that during the continuance of an Event of Default, the authority granted the Borrower pursuant to this Section 7.3 may be limited or terminated by the Agent at any time in the Agent’s discretion.

Appears in 3 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)

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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 Agent’s 's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, that during the continuance of an Event of Default, the authority granted the Borrower pursuant to this Section 7.3 may be limited or terminated by the Agent at any time in the Agent’s 's discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)

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 Agent’s prior written consent in each instance) as the Borrower Borrowers may reasonably deem to accord with sound business practice, ; provided, however, that during the continuance of an Event of Default, the authority granted the Borrower Borrowers pursuant to this Section 7.3 may be limited or terminated by the Agent at any time in the Agent’s discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Gander Mountain Co)

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 Agent’s 's prior written consent in each instance) as the Borrower Borrowers may reasonably deem to accord with sound business practice, providedPROVIDED, howeverHOWEVER, that during following the continuance occurrence of an Event of Default, the authority granted the Borrower Borrowers pursuant to this Section 7.3 6-3 may be limited or terminated by the Agent at any time in the Agent’s 's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Sports Authority Inc /De/)

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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 Agent’s 's prior written consent in each instance) as the Borrower Borrowers may reasonably deem to accord with sound business practice, provided, however, that during following the continuance occurrence of an Event of Default, the authority granted the Borrower Borrowers pursuant to this Section 7.3 6:6-3 may be limited or terminated by the Agent at any time in the Agent’s 's discretion.

Appears in 1 contract

Samples: Sports Authority Inc /De/

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