Adjustments and Allowances. A Loan Party may grant such allowances or other adjustments to the such Loan Party’s Account Debtors as the Loan Party, respectively, may reasonably deem to accord with sound business practice, provided, however, the authority granted the Loan Parties pursuant to this Section 6-2 may be limited or terminated by the Lender at any time after the occurrence, and during the continuance, of an Event of Default in the Lender’s discretion.
Appears in 4 contracts
Sources: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc)
Adjustments and Allowances. A Loan Party may grant such allowances or other adjustments to the such Loan Party’s Account Debtors as the Loan Party, respectively, may reasonably deem to accord with sound business practice, provided, however, the authority granted the Loan Parties pursuant to this Section 6-2 may be limited or terminated by the Lender Agent at any time after the occurrence, and during the continuance, of an Event of Default in the LenderAgent’s discretion.
Appears in 2 contracts
Sources: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement
Adjustments and Allowances. A Loan Party may grant such allowances or other adjustments to the such Loan Party’s Account Debtors as the Loan Party, respectively, may reasonably deem to accord with sound business practice, ; provided, however, that the authority granted the Loan Parties pursuant to this Section 6-2 may be limited or terminated by the Lender Agent at any time after the occurrenceincurrence, and during the continuance, continuation of an a Suspension Event of Default in the LenderAgent’s discretion.
Appears in 1 contract
Sources: Secured Superpriority Debtor in Possession Loan, Security and Guaranty Agreement (Aeropostale Inc)