Adjustments and Allowances. The Borrower may grant such allowances or other adjustments to 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 Administrative 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 may be limited or terminated by the Administrative Agent at any time in the Administrative Agent's discretion while any Suspension Event is extant.
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Adjustments and Allowances. The Borrower Borrowers may grant such allowances or other adjustments to the Borrower's Borrowers' Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Administrative Agent's prior written consent in each instance) as the Borrower Borrowers may reasonably deem to accord with sound business practice, provided, howeverhowever (a) the Borrowers shall furnish the Administrative Agent with those reports described in Section 11-4 below, with respect to any such adjustments or allowances and (b) the authority granted the Borrower Borrowers pursuant to this Section may be limited or terminated by the Administrative Agent at any time in the Administrative Agent's discretion while any Suspension Event is extantdiscretion.
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Sources: Loan and Security Agreement (Dynamics Research Corp)
Adjustments and Allowances. The Each Borrower may grant such allowances or other adjustments to the 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 Administrative Agent's prior written consent in each instance) 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 may be limited or terminated by the Administrative Agent at any time in the Administrative Agent's discretion while any Suspension Event is extantdiscretion.
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Adjustments and Allowances. The Borrower Borrowers may grant such allowances or other adjustments to the Borrower's Borrowers' Account Debtors (exclusive of extending the time for payment of any Account or Account Receivable, which shall not be done without first obtaining the Administrative Agent's prior written consent in each instance) as the Borrower Borrowers may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrower Borrowers pursuant to this Section 7-3 may be limited or terminated by the Administrative Agent at any time in the Administrative Agent's discretion while any Suspension Event is extantdiscretion.
Appears in 1 contract
Sources: Loan and Security Agreement (Homeplace of America Inc)