Cancellation of Indebtedness. Borrower shall not and shall not permit any Subsidiary of Borrower to cancel any claim or debt owing to it, except for reasonable consideration and in the ordinary course of business.
Appears in 3 contracts
Sources: Loan Agreement (Act Iii Theatres Inc), Loan Agreement (Act Iii Theatres Inc), Term Loan Agreement (Wahlco Environmental Systems Inc)
Cancellation of Indebtedness. Borrower shall not not, and shall not permit any Subsidiary of Borrower to its Subsidiaries to, cancel any claim or debt owing to it, except for reasonable consideration and in the ordinary course of businessbusiness or for sound business reasons.
Appears in 2 contracts
Sources: Loan Agreement (Cablevision Systems Corp), Senior Loan Agreement (Cablevision Systems Corp)
Cancellation of Indebtedness. Borrower shall not and shall not permit any Subsidiary of Borrower to cancel any claim or debt owing to it, except for reasonable consideration and or in the ordinary course of business.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Banyan Strategic Realty Trust), Credit Agreement (Summit Holding Southeast Inc)
Cancellation of Indebtedness. Borrower shall not and not, nor shall not it permit any Subsidiary of Borrower to its Subsidiaries to, cancel any claim or debt owing to it, except for reasonable consideration and in the ordinary course of business, other than settlement of intercompany accounts due from Borrower.
Appears in 1 contract