Common use of Cancellation of Indebtedness Clause in Contracts

Cancellation of Indebtedness. The Borrower shall not, and shall cause each of its Subsidiaries to not, and not permit any other Borrower Affiliate Party to, cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.

Cancellation of Indebtedness. The Borrower shall not, not (and shall cause each not ---------------------------- permit any of its Subsidiaries to not, and not permit any other Borrower Affiliate Party to, ) cancel any claim or debt Indebtedness owing to it, except for reasonable consideration or and in the ordinary course of its business, or voluntarily prepay any Indebtedness (other than the Obligations).

Cancellation of Indebtedness. The Borrower shall not, and nor shall cause each it permit any of its Restricted Subsidiaries to not, and not permit any other Borrower Affiliate Party to, cancel any claim or debt owing Indebtedness owed to it, any of them except for reasonable consideration or (i) in the ordinary course of businessbusiness consistent with past practice and (ii) in respect of intercompany Indebtedness among the Borrower and the Guarantors. CREDIT AGREEMENT THE PREMCOR REFINING GROUP INC.

Cancellation of Indebtedness. The Except in accordance with the Restructuring Term Sheet, Borrower shall not, and shall cause each of its Material Subsidiaries to not, and not permit any other Borrower Affiliate Party to, cancel any claim or debt owing to it, except for reasonable consideration or negotiated on an arm's-length basis and in the ordinary course of businessits business consistent with past practices.

Cancellation of Indebtedness. The Borrower shall not, and shall cause each not permit any of its Subsidiaries to not, and not permit any other Borrower Affiliate Party to, cancel any claim or debt owing to it, it in excess of $100,000 except for reasonable consideration or negotiated on an arm's-length basis and in the ordinary course of businessits business consistent with past practices.

Cancellation of Indebtedness. The Borrower shall not, and shall cause each of its Material Subsidiaries to not, and not permit any other Borrower Affiliate Party to, cancel any claim or debt owing to it, except for reasonable consideration or negotiated on an arm's-length basis and in the ordinary course of businessits business consistent with past practices.

Cancellation of Indebtedness. The Borrower shall not, and shall cause each of its Subsidiaries to not, and not permit any other Borrower Affiliate Party Subsidiary to, cancel any material claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.

Cancellation of Indebtedness. The Borrower Borrowers shall not, and shall cause each of its Subsidiaries to not, and not permit any other Borrower Affiliate Party of their Subsidiaries to, cancel any claim or debt Indebtedness owing to iteither of them, except for reasonable consideration or and in the ordinary course of its business, or voluntarily prepay any Indebtedness (other than the Obligations as and to the extent permitted hereby).