Common use of Intercompany Asset Transfers Clause in Contracts

Intercompany Asset Transfers. Promptly upon the occurrence thereof, notice of the transfer of any assets from any Credit Party to any other Consolidated Company that is not a Credit Party in any transaction or series of related transactions where either the book value or the fair market value of such assets is greater than $2,500,000 (excluding sales or other transfers of assets in the ordinary course of business); and

Appears in 2 contracts

Samples: Loan Facility Agreement (Ruby Tuesday Inc), Loan Facility Agreement (Ruby Tuesday Inc)

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Intercompany Asset Transfers. Promptly upon the occurrence thereof, notice of the transfer of any assets from any Credit Party to any other Consolidated Company that is not a Credit Party (in any transaction or series of related transactions where either the book value or the fair market value of such assets is greater than $2,500,000 transactions), excluding (excluding i) sales or other transfers of assets in the ordinary course of business); and, where the Asset Value of such assets is less than $5,000,000, and (ii) sales of accounts receivables or undivided ownership interests therein pursuant to the terms of the Accounts Receivable Facilities.

Appears in 2 contracts

Samples: Credit Agreement (Interface Inc), Credit Agreement (Interface Inc)

Intercompany Asset Transfers. Promptly upon the occurrence thereof, notice of the transfer of any assets from any Credit Party to any other Consolidated Company that is not a Credit Party (in any transaction or series of related transactions where either the book value or the fair market value of such assets is greater than $2,500,000 transactions), excluding (excluding i) sales or other transfers of assets in the ordinary course of business); and, where the Asset Value of such assets is greater than $5,000,000, and (ii) sales - 51 - of accounts receivables or undivided ownership interests therein pursuant to the terms of the Accounts Receivable Facilities.

Appears in 1 contract

Samples: Term Loan Agreement (Interface Inc)

Intercompany Asset Transfers. Promptly upon the occurrence thereof, notice of the transfer of any assets from any Credit Party to any other Consolidated Company that is not a Credit Party in any transaction or series of related transactions transactions, where either the book value or the fair market value of such assets is greater than $2,500,000 (excluding sales or other transfers of assets in the ordinary course of business); and

Appears in 1 contract

Samples: Credit Agreement (Morrison Health Care Inc)

Intercompany Asset Transfers. Promptly upon the occurrence thereof, notice of the transfer of any assets from any Credit Party to any other Consolidated Company that is not a Credit Party (in any transaction or series of related transactions where either the book value or the fair market value of such assets is greater than $2,500,000 (transactions), excluding sales or other transfers of assets in the ordinary course of business), where the Asset Value of such assets is greater than $250,000; and

Appears in 1 contract

Samples: Credit Agreement (Intermet Corp)

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Intercompany Asset Transfers. Promptly upon the occurrence thereof, notice of the transfer of any assets from any Credit Party to any other Consolidated Company that is not a Credit Party (in any transaction or series of related transactions where either the book value or the fair market value of such assets is greater than $2,500,000 transactions), excluding (excluding i) sales or other transfers of assets in the ordinary course of business); and, where the Asset Value of such assets is greater than $5,000,000, and (ii) sales of accounts receivables or undivided ownership interests therein pursuant to the terms of the Accounts Receivable Facilities.

Appears in 1 contract

Samples: Credit Agreement (Interface Inc)

Intercompany Asset Transfers. Promptly upon the occurrence ---------------------------- thereof, notice of the transfer of any assets from any Credit Party to any other Consolidated Company that is not a Credit Party in any transaction or series of related transactions where either the book value or the fair market value of such assets is greater than $2,500,000 (excluding sales or other transfers of assets in the ordinary course of business); and

Appears in 1 contract

Samples: Credit Agreement (Morrison Restaurants Inc/)

Intercompany Asset Transfers. Promptly upon the occurrence ---------------------------- thereof, notice of the transfer of any assets from any Credit Party to any other Consolidated Company that is not a Credit Party in any transaction or series of related transactions transactions, where either the book value or the fair market value of such assets is greater than $2,500,000 1,000,000 (excluding sales or other transfers of assets in the ordinary course of business); and;

Appears in 1 contract

Samples: Credit Agreement (Krystal Company)

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