Common use of Dispositions of Properties Clause in Contracts

Dispositions of Properties. The Borrower shall not, and shall not permit any of its Subsidiaries to, sell, convey, assign, lease, sale-leaseback, transfer, abandon or otherwise dispose of, voluntarily or involuntarily (collectively, "Dispose"), any of its ------- Properties, or agree, become or remain liable contingently or otherwise to do any of the foregoing, except that, so long as no Default or Event of Default shall have occurred and be continuing or shall exist at such time or after giving effect to such transaction, the Borrower and its Subsidiaries may Dispose of Property (a) in transactions in the ordinary course of business, (b) that is obsolete, (c) comprising generating assets, provided that the aggregate book -------- value of all generating assets Disposed of pursuant to this Section 6.04(c) from and after the date hereof shall not exceed $500,000,000, and (d) in transactions other than as provided in Section 6.04 (a), (b) and (c), provided that the -------- aggregate book value of all Property Disposed of pursuant to this Section 6.04(d) from and after the date hereof shall not exceed $50,000,000.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Power Co)

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Dispositions of Properties. The Borrower shall not, and shall not permit any of its Subsidiaries to, sell, convey, assign, lease, sale-leaseback, transfer, abandon or otherwise dispose of, voluntarily or involuntarily (collectively, "Dispose"), any of its ------- Properties, or agree, become or remain liable contingently or otherwise to do any of the foregoing, except that, so long as no Default or Event of Default shall have occurred and be continuing or shall exist at such time or after giving effect to such transaction, the Borrower and its Subsidiaries may Dispose of Property (a) in transactions in the ordinary course of business, (b) that is obsolete, (c) comprising generating assets, provided that the aggregate book -------- value of all generating assets Disposed of pursuant to this Section 6.04(c) from and after the date hereof shall not exceed $500,000,000600,000,000, and (d) in transactions other than as provided in Section 6.04 (a), (b) and (c), provided that the -------- aggregate book value of all Property Disposed of pursuant to this Section 6.04(d) from and after the date hereof shall not exceed $50,000,000.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Dispositions of Properties. The Borrower shall not, and shall not permit any of its Subsidiaries to, sell, convey, assign, lease, sale-leaseback, transfer, abandon or otherwise dispose of, voluntarily or involuntarily (collectively, "Dispose"), any of its ------- Properties, or agree, become or remain liable contingently or otherwise to do any of the foregoing, except that, so long as no Default or Event of Default shall have occurred and be continuing or shall exist at such time or after giving effect to such transaction, the Borrower and its Subsidiaries may Dispose of Property (a) in transactions in the ordinary course of business, (b) that is obsolete, (c) comprising generating assets, provided that the aggregate book -------- value of all generating assets Disposed of pursuant to this Section 6.04(c) from and after the date hereof shall not exceed $500,000,0001,100,000,000, and (d) in transactions other than as provided in Section 6.04 (a), (b) and (c), provided -------- that the -------- aggregate book value of all Property Disposed of pursuant to this Section 6.04(d) from and after the date hereof shall not exceed $50,000,000120,000,000.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

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Dispositions of Properties. The Borrower shall not, and shall not permit any of its Subsidiaries to, sell, convey, assign, lease, sale-leaseback, transfer, abandon or otherwise dispose of, voluntarily or involuntarily (collectively, "Dispose"), any of its ------- Properties, or agree, become or remain liable contingently or otherwise to do any of the foregoing, except that, so long as no Default or Event of Default shall have occurred and be continuing or shall exist at such time or after giving effect to such transaction, the Borrower and its Subsidiaries may Dispose of Property (a) in transactions in the ordinary course of business, (b) that is obsolete, (c) comprising generating assets, provided that the aggregate book -------- value of all generating assets Disposed of pursuant to this Section 6.04(c) from and after the date hereof shall not exceed $500,000,0001,100,000,000, (d) comprising water assets, provided that the aggregate book value of all water assets disposed of pursuant to this Section 6.04, (d) from and after the date hereof shall not exceed $500,000,000.00, and (de) in transactions other than as provided in Section 6.04 (a), (b) and ), (c), and (d) provided that the -------- aggregate book value of all Property Disposed of pursuant to this Section 6.04(d6.04 (e) from and after the date hereof shall not exceed $50,000,000120,000,000.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Power Co)

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