Common use of Adjustments and Allowances Clause in Contracts

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower’s Account Debtors as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Agent at any time after the occurrence of an Event of Default in the Agent’s discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)

AutoNDA by SimpleDocs

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower’s 's Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Agent's prior written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Agent Lender at any time after the occurrence of an Event of Default in the Agent’s 's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Designs Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower’s 's Account Debtors as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 2 may be limited or terminated by the Agent Lender at any time after the occurrence occurrence, and during the continuance, of an Event of Default in the Agent’s 's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to the Borrower’s 's Account Debtors as the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower pursuant to this Section 6-3 may be limited or terminated by the Agent at any time after the occurrence of an Event of Default in the Agent’s 's discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Hastings Entertainment Inc)

AutoNDA by SimpleDocs

Adjustments and Allowances. The Each Borrower may grant such allowances or other adjustments to the Borrower’s 's Account Debtors as the that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower Borrowers pursuant to this Section 67-3 10 may be limited or terminated by the Administrative Agent at any time after during the occurrence existence of an Event of Default in the Administrative Agent’s 's reasonable discretion.

Appears in 1 contract

Samples: Claires Stores Inc

Time is Money Join Law Insider Premium to draft better contracts faster.