Common use of Adverse Transactions Clause in Contracts

Adverse Transactions. (i) Enter or permit any Subsidiary to enter into any transaction which materially and adversely affects the Collateral or such Borrower’s ability to repay Agent or any Lender the Liabilities or (ii) permit or agree to any extension, compromise or settlement or make any change or modification of any kind or nature with respect to any Account, including any of the terms relating thereto, except in accordance with such Borrower’s current credit collection policy as disclosed to Agent and each Lender or in accordance with such Borrower’s past practices in the ordinary course of business;

Appears in 4 contracts

Samples: Loan and Security Agreement (Cmgi Inc), Loan and Security Agreement (Cmgi Inc), Loan and Security Agreement (ModusLink Global Solutions Inc)

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Adverse Transactions. (i) Enter into any transaction, or permit any -------------------- Subsidiary to enter into any transaction transaction, which materially and adversely affects or may materially and adversely affect the Collateral or such Borrower’s 's ability to repay Agent or any Lender the Liabilities or (ii) Obligations or, permit or agree to any material extension, compromise or settlement or make any change or modification of any kind or nature with respect to any Account, including any of the terms relating thereto, except in accordance with such Borrower’s current credit collection policy as disclosed to Agent other than discounts and each Lender or in accordance with such Borrower’s past practices allowances in the ordinary course of business;.

Appears in 2 contracts

Samples: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)

Adverse Transactions. (i) Enter or permit any Subsidiary to enter into any transaction which materially and adversely affects the Collateral or such Borrower’s ability to repay Agent or any Lender the Liabilities or (ii) permit or agree to any extension, compromise or settlement or make any change or modification of any kind or nature with respect to any Account, including any of the terms relating thereto, except in accordance with such Borrower’s current credit collection policy as disclosed to Agent and each Lender or in accordance with such Borrower’s past practices in the ordinary course of businessLender;

Appears in 1 contract

Samples: Loan and Security Agreement (Cmgi Inc)

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Adverse Transactions. (i) Enter or permit any Subsidiary to enter into any transaction which materially and adversely affects the Collateral or such Borrower’s 's ability to repay the Agent or any Lender the Liabilities or (ii) permit or agree to any extension, compromise or settlement or make any change or modification of any kind or nature with respect to any Account, including any of the terms relating thereto, except in accordance with such Borrower’s 's current credit collection policy as disclosed to Agent and each Lender or in accordance with such Borrower’s past practices in the ordinary course of businessLender;

Appears in 1 contract

Samples: Loan and Security Agreement (Cmgi Inc)

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