Common use of Dispositions of Company Property Clause in Contracts

Dispositions of Company Property. Except as described in the Filed Company SEC Documents or in Section 3.01(u) of the Company Disclosure Letter, since December 31, 1995, neither the Company nor any Company Subsidiary has sold or disposed of or ceased to hold or own any personal property, real property, any interest or rights with respect to real property (including exploration or production rights), any interest in a joint venture or other assets or properties of the Company or any Company Subsidiary ("Company Property"), other than sales and dispositions of raw materials, obsolete equipment, mine output and other inventories, and any interests or rights with respect to real property having an individual fair market value of less than $10,000,000 of the Company or any Company Subsidiary, in each case in the ordinary course of business, consistent with past practice. Except as set forth in Section 3.01(u) of the Company Disclosure Letter, no Company Property whose fair market value on the date of this Agreement is greater than $10,000,000 is subject to any pending sale or disposition transaction.