With Respect to Accounts. Seller shall not, without the prior written consent of Purchaser in each instance, (a) grant any extension of time for payment of any of the Accounts and/or other Collateral, (b) compromise or settle any of the Accounts and/or other Collateral for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations or the like with respect to any of the Accounts and/or other Collateral.
Appears in 2 contracts
Sources: Accounts Receivable Purchasing Agreement, Accounts Receivable Purchasing Agreement (Probe Manufacturing Inc)
With Respect to Accounts. Seller shall not, without the prior written consent of Purchaser in each instance, other than in the ordinary course of business, provided such act is within common industry standards, (a) grant any extension of time for payment of any of the Accounts and/or other Collateral, (b) compromise or settle any of the Accounts and/or other Collateral for less than the full amount thereof, (c) release in whole or in part any Account Debtor, or (d) grant any credits, discounts, allowances, deductions, return authorizations or the like with respect to any of the Accounts and/or other Collateral.
Appears in 1 contract
Sources: Accounts Receivable Purchasing Agreement (Xplore Technologies Corp)