Common use of Limitations on Discounts, Compromises, Extensions of Accounts Clause in Contracts

Limitations on Discounts, Compromises, Extensions of Accounts. Other than in the ordinary course of business as generally conducted by the Borrower, the Borrower will not grant any extension of the time of payment of any of the Accounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partially, any person or entity liable for the payment thereof, or allow any credit or discount whatsoever thereon.

Appears in 3 contracts

Samples: Security Agreement (Intellinetics, Inc.), Security Agreement (Inergetics Inc), Security Agreement (Bridgeline Digital, Inc.)

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Limitations on Discounts, Compromises, Extensions of Accounts. Other than in the ordinary course of business as generally conducted by the BorrowerDebtor over a period of time, the Borrower Debtor will not grant any extension of the time of payment of any of the Accounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partially, any person or entity liable for the payment thereof, or allow any credit or discount whatsoever thereon.

Appears in 2 contracts

Samples: Loan Agreement (Natural Gas Services Group Inc), Modification Agreement (Natural Gas Services Group Inc)

Limitations on Discounts, Compromises, Extensions of Accounts. Other than in the ordinary course of business as generally conducted by the Borrower's business consistent with past practice, the Borrower will not grant any extension of the time of payment of any of the Accounts, Negotiable Collateral, Instruments, General Intangibles, Contracts or Investment Property, or compromise, compound or settle the same for less than the full amount thereof, release, wholly or partially, any person or entity Person liable for the payment thereof, or allow any credit or discount whatsoever thereon.

Appears in 1 contract

Samples: Borrower Security Agreement (Pick Communications Corp)

Limitations on Discounts, Compromises, Extensions of Accounts. Other than in the ordinary course of business as generally conducted by the BorrowerDebtor over a period of time, the Borrower Debtor will not grant any extension of the time of payment of any of the Accounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partially, any person or entity Person liable for the payment thereof, or allow any credit or discount whatsoever thereon.

Appears in 1 contract

Samples: Security Agreement (Baron Energy Inc.)

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Limitations on Discounts, Compromises, Extensions of Accounts. Other than in the ordinary course of business as generally conducted by of the BorrowerDebtor consistent with previous practices, the Borrower Debtor will not (i) grant any extension of the time of for payment of any of the AccountsAccount, (ii) compromise, compound or settle the same any Account for less than the its full amount thereofamount, (iii) release, wholly or partially, any person or entity Person liable for the payment thereofof any Account, or (iv) allow any credit or discount whatsoever thereonof any Account.

Appears in 1 contract

Samples: General Security Agreement (Royal Gold Inc)

Limitations on Discounts, Compromises, Extensions of Accounts. Other than in the ordinary course of business as generally conducted by the Borrowerbusiness, the Borrower Debtor will not grant any extension of the time of payment of any of the Accounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partially, any person or entity liable for the payment thereof, or allow any credit or discount whatsoever thereon.

Appears in 1 contract

Samples: Security Agreement (Siga Technologies Inc)

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