Common use of Limitation on Certain Asset Sales Clause in Contracts

Limitation on Certain Asset Sales. The Company shall not, and shall not permit any Restricted Subsidiary to, engage in any Asset Sale unless (i) the consideration received by the Company or such Restricted Subsidiary for such Asset Sale is not less than the fair market value of the assets sold (as determined by the Board of Directors of the Company, whose good faith determination shall be conclusive) and (ii) the consideration received by the Company or the relevant Restricted Subsidiary in respect of such Asset Sale consists of at least 85% cash or cash equivalents.

Appears in 1 contract

Samples: Second Supplemental Indenture (Dvi Inc)

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