Common use of Adjustments and Allowances Clause in Contracts

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 Administrative Agent's prior written consent in each instance, which consent shall not be unreasonably delayed or withheld) as that Borrower may reasonably deem to accord with sound business practice, provided, however, the authority granted the Borrowers pursuant to this Section 6-3 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.

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 the time for payment of any material Account or Account Receivable, which shall not be done without first obtaining the Administrative Agent's prior written consent in each instance, which consent shall not be unreasonably delayed or withheld) as that Borrower the Borrowers may reasonably deem to accord with sound business practice, providedPROVIDED, howeverHOWEVER, following the occurrence of any Suspension Event, the authority granted the Borrowers pursuant to this Section 67:7-3 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.