Common use of Limitations on Asset Dispositions Clause in Contracts

Limitations on Asset Dispositions. Not make any Asset Disposition (including, without limitation, the sale of any receivables and leasehold interests and any sale-leaseback or similar transaction) except: (a) the sale of inventory in the ordinary course of trading; (b) the sale of obsolete, damaged, worn-out or surplus assets no longer needed in the business of the Borrower or any of its Subsidiaries; (c) any lease or sub-licence of spectrum subject to a Communications Licence provided that such lease or sub-licence is on bona fide arms length terms at the time such agreement is entered into and does not have, and could not reasonably expected to have, a Material Adverse Effect; (d) the transfer of assets to the Borrower or any Subsidiary Guarantor pursuant to Clause 22.4 (Limitations on Mergers and Liquidations); and (e) the sale or discount without recourse of accounts receivable arising in the ordinary course of trading in connection with the compromise or collection thereof.

Limitations on Asset Dispositions. Not make any Asset Disposition (including, without limitation, the sale of any receivables and leasehold interests and any sale-leaseback sale‑leaseback or similar transaction) except: (a) the sale of inventory in the ordinary course of trading; (b) the sale of obsolete, damaged, worn-out worn‑out or surplus assets no longer needed in the business of the Borrower or any of its Subsidiaries; (c) any lease or sub-licence sub‑licence of spectrum subject to a Communications Licence provided that such lease or sub-licence sub‑licence is on bona fide arms length terms at the time such agreement is entered into and does not have, and could not reasonably expected to have, a Material Adverse Effect; (d) the transfer of assets to the Borrower or any Subsidiary Guarantor pursuant to Clause 22.4 (Limitations on Mergers and Liquidations); and (e) the sale or discount without recourse of accounts receivable arising in the ordinary course of trading in connection with the compromise or collection thereof.

Limitations on Asset Dispositions. Not make any Asset Disposition (including, without limitation, the sale of any receivables and leasehold interests and any sale-leaseback sale‑leaseback or similar transaction) except: (a) the sale of inventory in the ordinary course of trading; (b) the sale of obsolete, damaged, worn-out worn‑out or surplus assets no longer needed in the business of the Borrower or any of its Subsidiaries; (c) any lease or sub-licence sub‑licence of spectrum Spectrum subject to a Communications Licence provided that such lease or sub-licence sub‑licence is on bona fide arms arms’ length terms at the time such agreement is entered into and does not have, and could not reasonably expected to have, a Material Adverse Effect; (d) the transfer of assets to the Borrower or any Subsidiary Guarantor pursuant to Clause 22.4 21.4 (Limitations on Mergers and Liquidations); and (e) the sale or discount without recourse of accounts receivable arising in the ordinary course of trading in connection with the compromise or collection thereof.

Limitations on Asset Dispositions. Not make any Asset Disposition (including, without limitation, the sale of any receivables and leasehold interests and any sale-leaseback sale‑leaseback or similar transaction) except: (a) the sale of inventory in the ordinary course of trading; (b) the sale of obsolete, damaged, worn-out worn‑out or surplus assets no longer needed in the business of the Borrower or any of its Subsidiaries; (c) any lease or sub-licence sub‑licence of spectrum subject to a Communications Licence provided that such lease or sub-licence sub‑licence is on bona fide arms arms’ length terms at the time such agreement is entered into and does not have, and could not reasonably expected to have, a Material Adverse Effect; (d) the transfer of assets to the Borrower or any Subsidiary Guarantor pursuant to Clause 22.4 (Limitations on Mergers and Liquidations); and (e) the sale or discount without recourse of accounts receivable arising in the ordinary course of trading in connection with the compromise or collection thereof.