Discount or Sale of Receivables. The Borrower will not, and will not permit any Subsidiary, other than Southern Union Total Energy Services, Inc., to discount or sell with recourse, or sell for less than the face value thereof (including any accrued interest) any of its notes receivable, receivables under leases or other accounts receivable.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Southern Union Co), Term Loan Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)
Discount or Sale of Receivables. The Borrower will ------------------------------- not, and will not permit any Subsidiary, other than Southern Union Total Energy Services, Inc., to discount or sell with recourse, or sell for less than the face value thereof (including any accrued interest) any of its notes receivable, receivables under leases or other accounts receivable.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)
