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 consistent with prudent business practice, or extend or renew any such indebtedness 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. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the Accounts.
Appears in 4 contracts
Sources: Security Agreement (Department 56 Inc), Security Agreement (Lenox Group Inc), Security Agreement (Lenox Group 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 business consistent with prudent business practicebusiness, or extend or renew any such indebtedness 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 AgentAgent (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
Sources: Security Agreement (BRP (Luxembourg) 4 S.a.r.l.), Canadian Security Agreement (BRP (Luxembourg) 4 S.a.r.l.), u.s. Security 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 business consistent with prudent business practice, or extend or renew any such indebtedness 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 business, without the prior written consent of the Administrative 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
Sources: Security Agreement (Bearingpoint Inc), Security Agreement (Bearingpoint Inc), Credit 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 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. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the Accounts.
Appears in 2 contracts
Sources: Security Agreement (Terremark Worldwide Inc), Security Agreement (Terremark Worldwide 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 consistent with prudent business practicebusiness, or extend or renew any such indebtedness obligations except in the ordinary course of business or otherwise in a manner consistent with prudent its reasonable business practice 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 consistent with prudent business practice without the prior written consent of the Administrative 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
Sources: Security Agreement (KCG Holdings, Inc.), Credit 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 business 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 AgentTrustee. 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
Sources: Security Agreement (Us Lec Corp)
Modification of Terms, etc. No Pledgor shall rescind or cancel any indebtedness evidenced by any Account Receivable or modify any material term thereof or make any adjustment with respect thereto except in the ordinary course of business consistent with prudent business practice, or extend or renew any such indebtedness except in the ordinary course of business consistent with prudent business practice or compromise or settle any material dispute, claim, suit or legal proceeding relating thereto or sell any Account Receivable or interest therein except in the ordinary course of business consistent with prudent business practice without the prior written consent of the Administrative Agent. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the AccountsReceivables.
Appears in 1 contract