CREDITS AND EXTENSIONS. (a) Granting of Credits and Extensions. Debtor may grant such Credits and such Extensions as are ordinary in the usual course of Debtor's business without the prior consent of Secured Party; provided, however, that any such Extension shall not extend the time for payment beyond thirty (30) days after the original due date as shown on the Invoice evidencing the related Receivable, or as computed based on the information set forth on such Invoice.
Appears in 7 contracts
Sources: Loan and Security Agreement (FFP Marketing Co Inc), Loan and Security Agreement (FFP Partners L P), Loan and Security Agreement (Computone Corporation)
CREDITS AND EXTENSIONS. (a) Granting of Credits and Extensions. Debtor may grant such Credits and such Extensions as are ordinary in the usual course of Debtor's business without the prior consent of Secured Party; provided, however, that any such Extension shall not extend the time for payment beyond thirty (30) days after the original due date as shown on the Invoice evidencing the related Receivable, or as computed based on the information set forth on such Invoice.
Appears in 1 contract
Sources: Loan and Security Agreement (Mercury Air Group Inc)
CREDITS AND EXTENSIONS. (a) Granting of Credits and Extensions. Debtor may grant such Credits and such Extensions as are ordinary in the usual course of Debtor's business without the prior consent of Secured PartyAgent or the Lenders; provided, however, that any such Extension shall not extend the time for payment beyond thirty sixty (3060) days after the original due date as shown on the Invoice evidencing the related Receivable, or as computed based on the information set forth on such Invoice.
Appears in 1 contract
Sources: Loan and Security Agreement (Sigmatron International Inc)