Cancellation of Indebtedness. No Credit Party shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's length basis and in the ordinary course of its business consistent with past practices.
Cancellation of Indebtedness. No Credit Party shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's-length basis and in the ordinary course of its business consistent with past practices.
Cancellation of Indebtedness. No Borrower shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arms-length basis and in the ordinary course of its business consistent with past practices.
Cancellation of Indebtedness. Cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm’s length basis and in the ordinary course of its business consistent with past practices.
Cancellation of Indebtedness. The Borrower shall not, and shall cause each of its Subsidiaries to not, and not permit any other Borrower Affiliate Party to, cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.
Cancellation of Indebtedness. Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's-length basis and in the ordinary course of its business consistent with past practices.
Cancellation of Indebtedness. No Loan Party shall cancel any material claim or Indebtedness owing to it, except for reasonable consideration and in the ordinary course of its business.
Cancellation of Indebtedness. Borrower shall not, and shall not permit any of its Subsidiaries to, cancel any claim or debt owing to it, except for reasonable consideration and in the ordinary course of business or for sound business reasons.
Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 4 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $90,839.84 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.
Cancellation of Indebtedness. (c) By delivery to the Company of unencumbered Shares having an aggregate Fair Market Value (as defined in paragraph 7 of the Plan) on the date of exercise equal to the purchase price of such Shares;
