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, if an Event of Default has occurred and is continuing, 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, the authority granted the Borrower pursuant to this Section 63 may be limited or terminated by the Agent at any time in the Agent's discretion.
Appears in 1 contract
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, if an Event of Default has occurred and is continuing, done without first obtaining the Administrative Agent'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 63 7-3 may be limited or terminated by the Administrative Agent at any time in the Administrative Agent's discretion.
Appears in 1 contract
Samples: Loan and Security Agreement (Homeplace of America 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, if an Event of Default has occurred and is continuing, done without first obtaining the Administrative Agent'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 63 may be limited or terminated by the Administrative Agent at any time in the Administrative Agent's discretiondiscretion while any Suspension Event is extant.
Appears in 1 contract
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, if an Event of Default has occurred and is continuing, done without first obtaining the Administrative Agent'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 63 may be limited or terminated by the Administrative Agent at any time in the Administrative Agent's discretion.
Appears in 1 contract
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, if an Event of Default has occurred and is continuing, 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, the authority granted the Borrower pursuant to this Section 63 may be limited or terminated by the Agent Lender at any time in the Agent's discretion.
Appears in 1 contract