Common use of Further Covenants Clause in Contracts

Further Covenants. (a) Borrower may not grant any credit, discount, allowance or extension, or enter into any agreement for any of the foregoing, except for credits, discounts, allowances or extensions made or given in the ordinary course of Borrower’s business in accordance with Borrower’s historic credit and collection practices and policies without the prior consent of Lender.

Appears in 4 contracts

Samples: Loan and Security Agreement (Bioheart, Inc.), Loan and Security Agreement (NitroSecurity, Inc.), Loan and Security Agreement (Bioheart, Inc.)

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Further Covenants. (a) Borrower may not grant any credit, discount, allowance or extension, or enter into any agreement for any of the foregoingforegoing with Account Debtors, except for credits, discounts, allowances or extensions made or given in the ordinary course of Borrower’s business in accordance with Borrower’s historic credit and collection practices and policies without the prior consent of Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Genocea Biosciences, Inc.), Loan and Security Agreement (Genocea Biosciences, Inc.)

Further Covenants. (a) Borrower may not grant any credit, discount, allowance or extension, or enter into any agreement for any of the foregoing, except for credits, discounts, allowances or extensions made or given in the ordinary course of Borrower’s business in accordance with Borrower’s historic credit and collection practices and policies without the prior consent of LenderLender (which shall include such practices as are customary for companies in the same industry as Borrower).

Appears in 1 contract

Samples: Loan and Security Agreement (Omeros Corp)

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Further Covenants. (a) Borrower may not grant any credit, discount, allowance or extension, or enter into any agreement for any of the foregoing, except for credits, discounts, allowances or extensions made or given in the ordinary course of Borrower’s 's business in accordance with Borrower’s 's historic credit and collection practices and policies without the prior consent of Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Enernoc Inc)

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