Common use of Administration of Accounts Clause in Contracts

Administration of Accounts. (A) Upon the granting of any discounts, allowances or credits by Borrower that are not shown on the face of the invoice for the Account involved, Borrower shall promptly report such discounts, allowances or credits, as the case may be, to Agent and in no event later than the time of its submission to Agent of the next Schedule of Accounts as provided in SECTION 5.2. Upon and after the occurrence of an Event of Default, Agent shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Agent may deem advisable, and to charge the deficiencies, costs and expenses thereof, including reasonable attorney's fees, to Borrower.

Administration of Accounts. (A) Upon the granting of any discounts, allowances or credits by any Borrower that are not shown on the face of the invoice for the Account involved, each Borrower shall promptly report such discounts, allowances or credits, as the case may be, to Agent Lender and in no event later than the time of its submission to Agent Lender of the next Schedule of Accounts as provided in SECTION Section 5.2. Upon and after the occurrence of an Event of Default, Agent Lender shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Agent Lender may deem advisable, and to charge the deficiencies, costs and expenses thereof, including reasonable attorney's fees, to BorrowerBorrowers. Borrowers shall remain liable for any deficiency.

Administration of Accounts. (A) Upon the granting of any discounts, allowances or credits by Borrower that are not shown on the face of the invoice for the Account involved, Borrower shall promptly report such discounts, allowances or credits, as the case may be, to Agent Lender and in no event later than the time of its submission to Agent Lender of the next Schedule of Accounts as provided in SECTION Section 5.2. Upon and after the occurrence of an Event of Default, Agent Lender shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Agent Lender may deem advisable, and to charge the deficiencies, costs and expenses thereof, including reasonable attorney's fees, to Borrower.

Administration of Accounts. (A) Upon the granting of any discounts, allowances or credits by Borrower that are not shown on the face of the invoice for the Account involved, Borrower shall promptly report such discounts, allowances or credits, as the case may be, to Agent and in no event later than the time of its submission to Agent of the next Schedule of Accounts schedules as provided in SECTION Section 5.2. Upon and after the occurrence of an Event of Default, Agent shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Agent may deem advisable, and to charge the deficiencies, costs and expenses thereof, including reasonable attorney's fees, to Borrower.

Administration of Accounts. (A) Upon the granting of any discounts, allowances or credits by Borrower that are not shown on the face of the invoice for the Account involved, Borrower shall promptly report such discounts, allowances or credits, as the case may be, to Collateral Agent and in no event later than the time of its submission to Collateral Agent of the next Schedule of Accounts as provided in SECTION Section 5.2. Upon and after the occurrence and during the continuation of an Event of Default, Collateral Agent shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Collateral Agent may deem advisable, and to charge the deficiencies, costs and expenses thereof, including reasonable attorney's fees, to Borrower.

Administration of Accounts. (A) Upon the granting of any discounts, allowances or credits by a Borrower that are not shown on the face of the invoice for the Account involved, such Borrower shall promptly report such discounts, allowances or credits, as the case may be, to Agent and in no event later than the time of its submission to Agent of the next Schedule of Accounts as provided in SECTION 5.2. Upon and after the occurrence of an Event of Default, Agent shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Agent may deem advisable, and to charge the deficiencies, costs and expenses thereof, including reasonable attorney's fees, to BorrowerBorrowers.

Administration of Accounts. (A) Upon the granting of any discounts, allowances or credits by Borrower any Credit Party that are not shown on the face of the invoice for the Account involved, Borrower shall promptly report such discounts, allowances or credits, as the case may be, to Agent Lender and in no event later than the time of its submission to Agent Lender of the next Schedule of Accounts as provided in SECTION Section 5.2. Upon and after the occurrence and during the continuation of an Event of Default, Agent Lender shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Agent Lender may deem advisable, and to charge the deficiencies, costs and expenses thereof, including reasonable attorney's fees, to Borrower.