Compromise of Collateral. Debtor will not adjust, settle, compromise, amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and in the ordinary course of business.
Appears in 3 contracts
Sources: Loan and Security Agreement (Avatar Systems Inc), Loan and Security Agreement (Avatar Systems Inc), Security Agreement (Migratec Inc)
Compromise of Collateral. The Debtor will not adjust, settle, compromise, amend or modify any Collateralof the Collateral constituting Receivables of the Debtor or General Intangibles of the Debtor, except an adjustmentother than adjustments, settlementsettlements, compromisecompromises, amendment or modification amendments and modifications made in good faith and faith, in the ordinary course of businessbusiness and not during the continuance of an Event of Default.
Appears in 1 contract
Compromise of Collateral. Debtor will not adjust, settle, compromise, amend or modify any Collateral, except an adjustment, settlement, compromise, amendment or modification in good faith and in the ordinary course of business. Debtor shall provide to Lender such information concerning (i) any adjustment, settlement, compromise, amendment or modification of any Collateral, and (ii) any claim asserted by any account debtor for credit, allowance, adjustment, dispute, setoff or counterclaim, as Lender may reasonably request from time to time.
Appears in 1 contract
Sources: Loan and Security Agreement (Blue Dolphin Energy Co)