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)
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.)
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.)