Common use of Receivables Program Clause in Contracts

Receivables Program. The Borrower shall not take any action to diminish the equity value of the Receivables Subsidiary other than to pay dividends in the ordinary course of business consistent with past practice and will continue to operate the Receivables Subsidiary in the ordinary course of business consistent with past practice.

Appears in 1 contract

Sources: Credit Agreement (Stage Stores Inc)

Receivables Program. The Borrower shall not take any action to diminish the equity value of the Receivables Subsidiary other than to pay dividends in the ordinary course of business consistent with past practice and will continue to operate the Receivables Subsidiary in the ordinary course of business consistent with past practice."

Appears in 1 contract

Sources: Fifth Amendment Agreement (Stage Stores Inc)