Common use of Limitations on Asset Dispositions Clause in Contracts

Limitations on Asset Dispositions. Make any Asset Disposition (including, without limitation, the sale of any receivables and leasehold interests and any Sale-and-Leaseback Transaction or similar transaction) except: (i) the sale of inventory in the ordinary course of business; (ii) the sale of obsolete, worn-out or surplus assets no longer used or usable in the business of the Borrower or any of its Subsidiaries (including without limitation dispositions of slot machines); (iii) the transfer of assets to the Borrower or any Guarantor pursuant to Section 5.02(d)(iii); (iv) the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise or collection thereof; (v) the disposition of any Hedge Agreement; (vi) additional Asset Dispositions not otherwise permitted pursuant to this Section in an aggregate amount not to exceed $10,000,000 in any Fiscal Year; and (vii) Asset Dispositions pursuant to any Sale-and-Leaseback Transaction permitted pursuant to Section. 5.02(r).

Appears in 1 contract

Samples: First Lien Credit Agreement (Landrys Restaurants Inc)

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Limitations on Asset Dispositions. Make any Asset Disposition (including, without limitation, the sale of any receivables and leasehold interests and any Sale-and-Leaseback Transaction or similar transaction) except: (i) the sale of inventory in the ordinary course of business; (ii) the sale of obsolete, worn-out or surplus assets no longer used or usable in the business of the Borrower or any of its Subsidiaries (including without limitation dispositions of slot machines); (iii) the transfer of assets to the Borrower or any Guarantor pursuant to Section 5.02(d)(iii); (iv) the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise or collection thereof; (v) the disposition of any Hedge Agreement; (vi) additional Asset Dispositions not otherwise permitted pursuant to this Section in an aggregate amount not to exceed $10,000,000 12,000,000 in any Fiscal Year; and (vii) Asset Dispositions pursuant to any Sale-and-Leaseback Transaction permitted pursuant to Section. Section 5.02(r).

Appears in 1 contract

Samples: Second Lien Credit Agreement (Landrys Restaurants Inc)

Limitations on Asset Dispositions. Make any Asset Disposition (including, without limitation, the sale of any receivables and leasehold interests and any Salesale-and-Leaseback Transaction leaseback or similar transaction) except: (ia) the sale of inventory in the ordinary course of business; (iib) the sale of obsolete, damaged, worn-out or surplus assets no longer used or usable needed in the business of the Borrower or any of its Subsidiaries (including without limitation dispositions of slot machines)Subsidiaries; (iiic) the transfer of assets to the Borrower or any Subsidiary Guarantor pursuant to Section 5.02(d)(iii11.4 (b); (ivd) the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise or collection thereof; (ve) subject to the requirements of Section 9.12, the disposition of any Hedge Hedging Agreement;; and (vif) additional Asset Dispositions not otherwise permitted pursuant to this Section in an aggregate amount not to exceed $10,000,000 in any Fiscal Year; and (vii) Asset Dispositions pursuant to any Sale-and-Leaseback Transaction permitted pursuant to Section. 5.02(r).

Appears in 1 contract

Samples: Credit Agreement (Globalstar, Inc.)

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Limitations on Asset Dispositions. Make any Asset Disposition (including, without limitation, the sale of any receivables and leasehold interests and any Salesale-and-Leaseback Transaction leaseback or similar transaction) except: (ia) the sale of inventory in the ordinary course of business; (iib) the sale of obsolete, damaged, worn-out or surplus assets no longer used or usable needed in the business of the Borrower or any of its Subsidiaries (including without limitation dispositions of slot machines)Subsidiaries; (iiic) the transfer of assets to the Borrower or any Subsidiary Guarantor pursuant to Section 5.02(d)(iii11.4 (b); (ivd) the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise or collection thereof; (ve) subject to the requirements of Section 9.12, the disposition of any Hedge Hedging Agreement; (vif) any lease related to the Communications Licenses; and (g) additional Asset Dispositions not otherwise permitted pursuant to this Section in an aggregate amount not to exceed $10,000,000 in any Fiscal Year; and (vii) Asset Dispositions pursuant to any Sale-and-Leaseback Transaction permitted pursuant to Section. 5.02(r).

Appears in 1 contract

Samples: Credit Agreement (Globalstar, Inc.)

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