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.
Appears in 6 contracts
Samples: Neopharm Inc, Credit Agreement (Ladish Co Inc), Credit Agreement (Sweetheart Holdings Inc \De\)
Cancellation of Indebtedness. Borrower Borrowers shall not cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's-length basis and or in the ordinary course of its business consistent with past practicesbusiness.
Appears in 2 contracts
Samples: Credit Agreement (Unifab International Inc), Credit Agreement (Unifab International Inc)
Cancellation of Indebtedness. No 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.
Appears in 1 contract
Cancellation of Indebtedness. Borrower shall not cancel any claim or debt owing to it, except for commercially reasonable consideration negotiated on an arm's-length basis and in the ordinary course of its business consistent with past practices(other than settlement of intercompany accounts due from Borrower).
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