Common use of Modification of Terms, etc Clause in Contracts

Modification of Terms, etc. No Pledgor shall rescind or cancel any obligations evidenced by any Receivable or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business, or extend or renew any such obligations except in the ordinary course of business or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Receivable or interest therein except in the ordinary course of 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 Receivables.

Appears in 4 contracts

Samples: Security Agreement (Gentiva Health Services Inc), Security Agreement (Gentiva Health Services Inc), Credit Agreement (Gentiva Health Services Inc)

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Modification of Terms, etc. No Pledgor shall rescind or cancel any obligations evidenced by any Receivable Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business, or extend or renew any such obligations except in the ordinary course of business or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Receivable Account or interest therein except in the ordinary course of 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 ReceivablesAccounts.

Appears in 3 contracts

Samples: Security Agreement (Atlantic Broadband Management, LLC), Security Agreement (Language Line Holdings, Inc.), Security Agreement (Language Line Costa Rica, LLC)

Modification of Terms, etc. No Pledgor shall rescind or cancel any obligations evidenced by any Receivable Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business, or extend or renew any such obligations except in the ordinary course of business or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Receivable Account or interest therein except in the ordinary course of business business; in each case, 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 Receivables.

Appears in 2 contracts

Samples: Security Agreement (BioScrip, Inc.), Security Agreement (BioScrip, Inc.)

Modification of Terms, etc. No Pledgor shall rescind or cancel any obligations evidenced by any Receivable or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of businessbusiness consistent with prudent business practice, or extend or renew any such 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 Receivable 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 Receivables.

Appears in 2 contracts

Samples: Credit Agreement (Mattress Firm Holding Corp.), Security Agreement (AOL Inc.)

Modification of Terms, etc. No Pledgor shall rescind or cancel any obligations evidenced by any Receivable Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business, or extend or renew any such obligations except in the ordinary course of business or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Receivable Account or interest therein except in the ordinary course of business business; in each case, 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 ReceivablesAccounts.

Appears in 2 contracts

Samples: Security Agreement (Biglari Holdings Inc.), Security Agreement (Biglari Holdings Inc.)

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Modification of Terms, etc. No Except in the ordinary course of business consistent with its collection practices as in effect from time to time, no Pledgor shall rescind or cancel any obligations evidenced by any Receivable Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of businessthereto, or extend or renew any such obligations except in the ordinary course of business or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Receivable Account or interest therein except in the ordinary course of business without the prior written consent of the Administrative Collateral Agent. Each Pledgor shall timely fulfill in all material respects all obligations on its part to be fulfilled under or in connection with the ReceivablesAccounts.

Appears in 1 contract

Samples: Security Agreement (Layne Christensen Co)

Modification of Terms, etc. No Pledgor shall rescind or cancel any obligations evidenced by any Receivable Account or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business, or extend or renew any such obligations except in the ordinary course of business or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Receivable Account or interest therein except in the ordinary course of business 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 ReceivablesAccounts.

Appears in 1 contract

Samples: Security Agreement (Biglari Holdings Inc.)

Modification of Terms, etc. No Pledgor shall rescind or cancel any obligations evidenced by any Receivable or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of businessbusiness consistent with prudent business practice, or extend or renew any such 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 Receivable or interest therein except in the ordinary course of business without the prior written consent of the Administrative Agentconsistent with prudent business practice. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the Receivables.

Appears in 1 contract

Samples: Security Agreement (CMP Susquehanna Radio Holdings Corp.)

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