Common use of Certain Agreements on Receivables Clause in Contracts

Certain Agreements on Receivables. During the occurrence and continuation of an Event of Default, no Grantor will 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. Prior to the occurrence and continuation of an Event of Default under Article VII(a), (b), (h) and (j) of the Credit Agreement, such Grantor may reduce the amount of Accounts arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of business and as otherwise permitted under the Credit Agreement.

Certain Agreements on Receivables. During the occurrence and continuation of an Event of Default, no Grantor will 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 thereofthereof (other than a Permitted Receivables Related Asset). Prior to the occurrence and continuation of an Event of Default under Article VII(a), (b), (h) and (j) of the Credit AgreementDefault, such Grantor may reduce the amount of Accounts owing on any Receivable arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of business and as otherwise permitted under the Credit Agreement.

Certain Agreements on Receivables. During the occurrence and continuation of an Event of Default, no Grantor will 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, except as permitted by the Credit Agreement. Prior to the occurrence and continuation of an Event of Default under Article VII(a), (b), (h) and (j) of the Credit AgreementDefault, such Grantor may reduce may, in its sole discretion, adjust the amount of Accounts arising from the sale of Inventory or the rendering of services in substantially accordance with its present policies and in the ordinary course of business and as otherwise permitted under the Credit Agreement.

Certain Agreements on Receivables. During After the occurrence and during the continuation of an Event of Default, no Grantor will 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, except as permitted by the LC Credit Agreement. Prior to the occurrence and continuation of an Event of Default under Article VII(a), (b), (h) and (j) of the Credit AgreementDefault, such Grantor may reduce may, in its sole discretion, adjust the amount of Accounts arising from the sale of Inventory or the rendering of services in substantially accordance with its present policies and in the ordinary course of business and as otherwise permitted under the LC Credit Agreement.

Certain Agreements on Receivables. During the occurrence and continuation of an a Payment Event of DefaultDefault or Acceleration Event, no Grantor will 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. Prior ; provided that prior to the occurrence and continuation of an a Payment Event of Default under Article VII(a)or Acceleration Event, (b), (h) and (j) of the Credit Agreement, such any Grantor may reduce the amount of Accounts arising from the sale of Inventory or the rendering of services in accordance with its present then prevailing policies and in the ordinary course of business and as otherwise permitted under the Credit Agreement.

Certain Agreements on Receivables. During Other than in the ordinary course of business as generally conducted by such Grantor on or prior to the date hereof, following the occurrence and continuation during the continuance of an Event of Default, no Grantor will 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. Prior to Following the occurrence and continuation during the continuance of an Event of Default under Article VII(a), (b), (h) and (j) of the Credit AgreementDefault, such Grantor may reduce the amount of Accounts arising from the sale of Inventory or the rendering of services in accordance with its present policies and in the ordinary course of business and as otherwise permitted under the Credit Agreement.