Cancellation of Indebtedness. 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 6 contracts
Sources: Term B Loan Credit Agreement (Remy International, Inc.), Term B Loan Credit Agreement (Remy International, Inc.), Credit Agreement (Remy International, Inc.)
Cancellation of Indebtedness. Cancel Borrower shall not 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.
Appears in 6 contracts
Sources: Promissory Note (Neopharm Inc), Credit Agreement (Sweetheart Holdings Inc \De\), Subordination Agreement (Neopharm Inc)
Cancellation of Indebtedness. Cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm’s 's length basis and in the ordinary course of its business consistent with past practices.
Appears in 3 contracts
Sources: Credit Agreement (Remy International, Inc.), Term B Loan Credit Agreement (Fidelity National Financial, Inc.), Financing Agreement (Oglebay Norton Co /Ohio/)
Cancellation of Indebtedness. 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 their business consistent with past practicespractice.
Appears in 2 contracts
Sources: Credit Agreement (Foothills Resources Inc), Dip Credit Agreement (Foothills Resources Inc)
Cancellation of Indebtedness. 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 practicesbasis.
Appears in 2 contracts
Sources: Dip Credit Agreement (Storm Cat Energy CORP), Credit Agreement (Storm Cat Energy CORP)
Cancellation of Indebtedness. 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 practicesbusiness.
Appears in 1 contract
Cancellation of Indebtedness. 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 1 contract
Cancellation of Indebtedness. Cancel any claim or debt owing to itany Borrower or any Subsidiary, except for reasonable consideration negotiated on an arm’s 's length basis and in the ordinary course of its business consistent with past practices.
Appears in 1 contract
Sources: Credit Agreement (Zila Inc)
Cancellation of Indebtedness. Cancel any claim or debt Indebtedness owing to it, except for reasonable adequate consideration negotiated on in an arm’s 's length basis transaction and in the ordinary course of its business business, consistent with past practices.
Appears in 1 contract
Sources: Senior Secured, Super Priority Debtor in Possession Credit Agreement (Rancher Energy Corp.)
Cancellation of Indebtedness. Cancel any claim or debt Indebtedness owing to it, except for reasonable adequate consideration negotiated on in an arm’s length basis transaction and in the ordinary course of its business business, consistent with past practices.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Torrent Energy Corp)
Cancellation of Indebtedness. 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.
Appears in 1 contract
Sources: Credit Agreement (P Com Inc)