Common use of Sale or Discount of Receivables Clause in Contracts

Sale or Discount of Receivables. Except for receivables obtained by any Loan Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, and will not permit any Subsidiary to, discount or sell (with or without recourse) to any Person who is not a Loan Party any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any Loan Credit Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, and nor will not it permit any Subsidiary other Credit Party to, discount or sell (enter into an agreement with or without recourse) to any Person who is not a Loan Party to securitize any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any Loan Party the Credit Parties out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will shall not, and will shall not permit any Subsidiary Credit Party to, discount or sell (with or without recourse) to any other Person who that is not a Loan Credit Party any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by any Loan Credit Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the neither Parent, any Borrower nor any other Credit Party will not, and will not permit any Subsidiary to, discount or sell (with or without recourse) to any other Person who that is not a Loan Credit Party any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by the Borrower or any other Loan Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business receivable in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, and will not permit any Subsidiary other Loan Party to, discount or sell (with or without recourse) to any Person who is not a Loan Party any of its notes receivable or accounts receivablereceivable to any Person other than a Loan Party.

Sale or Discount of Receivables. Except for receivables obtained by any Loan Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, and will not permit any Subsidiary Loan Party or any of their respective Subsidiaries to, discount or sell (with or without recourse) to any Person who is not a Loan Party any of its notes receivable or accounts receivable.

Sale or Discount of Receivables. Except for receivables obtained by the Borrower or any other Loan Party out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle 104 collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business receivable in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, and will not permit any Subsidiary other Loan Party to, discount or sell (with or without recourse) to any Person who is not a Loan Party any of its notes receivable or accounts receivablereceivable to any Person other than a Loan Party.