Cancellation of Indebtedness. No Credit Party shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's length basis and in the ordinary course of its business consistent with past practices.
Appears in 22 contracts
Sources: Credit Agreement (Inverness Medical Innovations Inc), Credit Agreement (Inverness Medical Innovations Inc), Second Lien Credit Agreement (Black Warrior Wireline Corp)
Cancellation of Indebtedness. No Credit Party shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's arm's-length basis and in the ordinary course of its business consistent with past practicesprudent credit administration.
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Cancellation of Indebtedness. No Credit Party shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's length basis and in the ordinary course of its business consistent with past practicespractices or as expressly permitted by SECTION 6.4(a).
Appears in 1 contract
Sources: Credit Agreement (Radio Unica Corp)
Cancellation of Indebtedness. No Credit Party shall or shall allow any of their Subsidiaries to cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm's arm's-length basis and in the ordinary course of its business consistent with past practices.
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