Common use of Certain Agreements on Receivables Clause in Contracts

Certain Agreements on Receivables. The Borrower will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof other than, prior to the occurrence of a Default, in the ordinary course of business and in amounts which are not material to the Borrower.

Appears in 1 contract

Sources: Pledge and Security Agreement (Rawlings Sporting Goods Co Inc)

Certain Agreements on Receivables. The Borrower will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof other than, prior to the occurrence of a Default, unless approved by Agent in the ordinary course of business and in amounts which are not material to the Borrower.its reasonable discretion. SECURITY AGREEMENT (HII Technologies)

Appears in 1 contract

Sources: Security Agreement (HII Technologies, Inc.)

Certain Agreements on Receivables. The Borrower will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof other thanthereof, except that, prior to the occurrence of a an Event of Default, Borrower may take such actions in the ordinary course of its reasonable business and in amounts which are not material to the Borrowerjudgment.

Appears in 1 contract

Sources: Pledge and Security Agreement (Elio Motors, Inc.)

Certain Agreements on Receivables. The Borrower will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof other than, prior to the occurrence of a Default, unless approved by Agent in the ordinary course of business and in amounts which are not material to the Borrowerits reasonable discretion.

Appears in 1 contract

Sources: Security Agreement (Lilis Energy, Inc.)