Common use of Limitations on Dispositions Clause in Contracts

Limitations on Dispositions. The Company shall not Dispose of any of its Property (including, without limitation, any Collateral), whether now owned or hereinafter acquired except: (a) the sale or Disposition of machinery and equipment no longer used or useful in the business of the Company; (b) the Disposition of obsolete or worn-out Property in the ordinary course of business; (c) the sale of inventory and immaterial assets in the ordinary course of business; or (d) Dispositions of machinery, equipment or other fixed assets to the extent that (A) such assets are exchanged for credit against the purchase price of similar replacement assets that are purchased within 180 days or (B) the proceeds of such disposition are applied to the purchase price of replacement assets within 180 days.

Limitations on Dispositions. The Company shall not Dispose of any of its Property (including, without limitation, any Collateral), whether now owned or hereinafter acquired except: (a) the sale or Disposition of machinery and equipment no longer used or useful in the business of the Company; (b) the Disposition of obsolete or worn-out Property in the ordinary course of business; (c) the sale of inventory and immaterial assets in the ordinary course of business; or (d) Dispositions of machinery, equipment or other fixed assets to the extent that (A) such assets are exchanged for credit against the purchase price of similar replacement assets that are purchased within 180 one hundred eighty (180) days or (B) the proceeds of such disposition are applied to the purchase price of replacement assets within 180 one hundred eighty (180) days.

Limitations on Dispositions. The Company shall not Dispose of any of its Property (including, without limitation, any Collateral), whether now owned or hereinafter acquired except: (a) the sale or Disposition of machinery and equipment no longer used or useful in the business of the Company; (b) the Disposition of obsolete or worn-out Property in the ordinary course of business;, (c) the sale of inventory and immaterial assets in the ordinary course of business; or (d) Dispositions of machinery, equipment or other fixed assets to the extent that (A) such assets are exchanged for credit against the purchase price of similar replacement assets that are purchased within 180 days or (B) the proceeds of such disposition are applied to the purchase price of replacement assets within 180 days.