Modification of Terms, etc. No Pledgor shall rescind or cancel any indebtedness evidenced by any Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business, or extend or renew any such indebtedness except in the ordinary course of business or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Account or interest therein except in the ordinary course of business without the prior written consent of the Administrative Agent (not to be unreasonably withheld). Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the Accounts.
Appears in 4 contracts
Samples: Control Agreement (BRP (Luxembourg) 4 S.a.r.l.), Control Agreement (BRP (Luxembourg) 4 S.a.r.l.), Control Agreement (Bombardier Recreational Products Inc.)
Modification of Terms, etc. No Pledgor shall rescind or cancel any indebtedness evidenced by any Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of businessbusiness consistent with prudent business practice, or extend or renew any such indebtedness except in the ordinary course of business or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Account or interest therein except in the ordinary course of business business, without the prior written consent of the Administrative Agent (not to be unreasonably withheld)Agent. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the Accounts.
Appears in 3 contracts
Samples: Control Agreement (Bearingpoint Inc), Control Agreement (Bearingpoint Inc), Security Agreement (Bearingpoint Inc)
Modification of Terms, etc. No Pledgor shall rescind or cancel any indebtedness obligations evidenced by any Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business, or extend or renew any such indebtedness obligations except in the ordinary course of business or otherwise in a manner consistent with its reasonable business judgment, or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Account or interest therein except in the ordinary course of business without the prior written consent of the Administrative Agent (not to be unreasonably withheld)Collateral Agent. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the Accounts.
Appears in 2 contracts
Samples: Security Agreement (KCG Holdings, Inc.), Intercreditor Agreement (KCG Holdings, Inc.)
Modification of Terms, etc. No Pledgor shall rescind or cancel any indebtedness obligations evidenced by any Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of businessbusiness consistent with prudent business practice, or extend or renew any such indebtedness obligations except in the ordinary course of business consistent with prudent business practice or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Account or interest therein except in the ordinary course of business consistent with prudent business practice without the prior written consent of the Administrative Agent (not to be unreasonably withheld)Trustee. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the AccountsAccounts except in the ordinary course and consistent with prudent business practices.
Appears in 1 contract
Samples: Security Agreement (Us Lec Corp)