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.
Appears in 4 contracts
Samples: Credit Agreement (Green Mountain Coffee Inc), Credit Agreement (Wpi Group Inc), Convertible Note Agreement (Wpi Group Inc)
Cancellation of Indebtedness. No Neither Borrower nor any of its Subsidiaries shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm's-length basis and in the ordinary course of its business consistent with past practicesbusiness.
Appears in 3 contracts
Samples: Credit Agreement (Packaging Dynamics Corp), Credit Agreement (Artra Group Inc), Credit Agreement (Artra Group Inc)
Cancellation of Indebtedness. No Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm’s-length basis and in the ordinary course of its business consistent with past practicesbusiness.
Appears in 3 contracts
Samples: Credit Agreement (Great American Group, Inc.), Credit Agreement (Great American Group, Inc.), Credit Agreement (Great American Group, Inc.)
Cancellation of Indebtedness. No Borrower shall, or shall cause or permit any Subsidiary thereof to, cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm's-length basis and in the ordinary course of its business consistent with past practices.
Appears in 2 contracts
Samples: Credit Agreement (Akorn Inc), Credit Agreement (Akorn Inc)
Cancellation of Indebtedness. No Neither Borrower nor any Subsidiary of Borrower shall cancel any claim or debt owing to it, except for (A) reasonable consideration negotiated on an arms-arms length basis and in the ordinary course of its business consistent with past practicespractices and (B) cancellation of Intercompany Loans permitted to be cancelled in accordance with Section 6.2 hereof.
Appears in 2 contracts
Samples: Credit Agreement (Zenith Electronics Corp), Term Loan Agreement (Zenith Electronics Corp)
Cancellation of Indebtedness. No Borrower shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arms-arm’s length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Cancellation of Indebtedness. No The Borrower shall not 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 practicesbusiness.
Appears in 1 contract
Cancellation of Indebtedness. No Neither Borrower shall, or shall cause or permit any Subsidiary to, cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm's-length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Cancellation of Indebtedness. No Borrower shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arms-arm's length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Cancellation of Indebtedness. No Borrower shall cancel any claim or ---------------------------- debt owing to it, except for reasonable consideration negotiated on an arms-arm's length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Cancellation of Indebtedness. No The Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arms-arm’s length basis and in the ordinary course of its business consistent with past practicespractices and settlement of accounts in the ordinary course of business.
Appears in 1 contract
Samples: Senior Secured Term Loan Agreement (Emisphere Technologies Inc)
Cancellation of Indebtedness. No The Borrower shall will not, and will not permit any of its Subsidiaries to, cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm's-length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Cancellation of Indebtedness. No Borrower shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm's-length basis and in the ordinary course of its business consistent with past practices, or as otherwise approved by the Bankruptcy Court.
Appears in 1 contract
Cancellation of Indebtedness. No Borrower shall not 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.
Appears in 1 contract
Samples: Credit Agreement (Green Mountain Coffee Roasters Inc)
Cancellation of Indebtedness. No Borrower shall, nor shall it permit any of its Subsidiaries to, cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm's-length basis and in the ordinary course of its business consistent with past practicesother than for a claim or debt of any Person listed on Disclosure Schedule 6.1 (c) or as otherwise approved by the Bankruptcy Court.
Appears in 1 contract
Cancellation of Indebtedness. No Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arms-length basis and or in the ordinary course of its business consistent with past practicesbusiness.
Appears in 1 contract
Samples: Loan, Security and Warrant Agreement (Dental Patient Care America Inc)
Cancellation of Indebtedness. No Neither Borrower nor the Guarantors 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.
Appears in 1 contract
Samples: Credit Agreement (Presstek Inc /De/)
Cancellation of Indebtedness. No Neither Borrower nor Guarantor shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm's-length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Samples: Credit Agreement (Ladish Co Inc)
Cancellation of Indebtedness. No Neither Borrower nor the Guarantor 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.
Appears in 1 contract
Samples: Credit Agreement (Presstek Inc /De/)
Cancellation of Indebtedness. No Borrower shall not, nor shall it cause or permit any Subsidiary thereof to, cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm's-length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Cancellation of Indebtedness. No Borrower not shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arms-arm's length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Samples: Note Purchase Agreement (Max & Ermas Restaurants Inc)
Cancellation of Indebtedness. No Borrower shall cancel any claim or ---------------------------- debt owing to it, except (i) for reasonable consideration negotiated on an arms-arm's length basis and in the ordinary course of its business consistent with past practicespractices or (ii) pursuant to an order of the Bankruptcy Court.
Appears in 1 contract
Cancellation of Indebtedness. No Borrower shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm’s-length basis and in the ordinary course of its business consistent with past practicesbusiness.
Appears in 1 contract
Cancellation of Indebtedness. No Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration negotiated on an armsarm’s-length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Samples: Credit Agreement (Solo Cup CO)