Adjustments and Allowances. Each Borrower may grant such allowances or other adjustments to that Borrower'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 that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrowers pursuant to this Section 6:6-3 may be limited or terminated by the Agent at any time in the Agent's discretion.
Appears in 2 contracts
Sources: Loan and Security Agreement (Phar Mor Inc), Loan and Security Agreement (Phar Mor Inc)
Adjustments and Allowances. Each Borrower The Borrowers may grant such allowances or other adjustments to that Borrower's the Borrowers' Account Debtors (exclusive of extending as 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 that Borrower Borrowers may reasonably deem to accord with sound business practice and consistent with the Borrowers' past practice, provided, however, the authority granted the Borrowers pursuant to this Section 6:6-3 6.3 may be limited or terminated by the Agent at any time in during the Agent's discretioncontinuation of an Event of Default.
Appears in 2 contracts
Sources: Loan and Security Agreement (Lechters Inc), Loan and Security Agreement (Lechters Inc)
Adjustments and Allowances. Each The Borrower may grant such allowances or other adjustments to that the Borrower's ’s Account Debtors (exclusive of extending as 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 that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrowers Borrower pursuant to this Section 6:66-3 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 2 contracts
Sources: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)
Adjustments and Allowances. Each The Borrower may grant such allowances or other adjustments to that the Borrower'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 that the Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrowers Borrower pursuant to this Section 6:66-3 may be limited or terminated by the Agent at any time in the Agent's discretion.
Appears in 2 contracts
Sources: Loan and Security Agreement (Roberds Inc), Revolving Credit Facility (Sun Television & Appliances Inc)
Adjustments and Allowances. Each The Borrower may grant such allowances or other adjustments to that the Borrower's Account Debtors (exclusive of extending as 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 that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrowers Borrower pursuant to this Section 6:66-3 2 may be limited or terminated by the Agent Lender at any time after the occurrence, and during the continuance, of an Event of Default in the Agent's discretion.
Appears in 1 contract
Adjustments and Allowances. Each The Borrower may grant such allowances or other adjustments to that the Borrower's Account Debtors (exclusive of extending as 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 that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrowers Borrower pursuant to this Section 6:6-3 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 1 contract
Sources: Loan and Security Agreement (Hastings Entertainment Inc)
Adjustments and Allowances. Each Borrower may grant such allowances or other adjustments to that the Borrower'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 that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrowers pursuant to this Section 6:67-3 10 may be limited or terminated by the Administrative Agent at any time during the existence of an Event of Default in the Administrative Agent's reasonable discretion.
Appears in 1 contract