Permitted Asset Dispositions. The Manager (acting on behalf of the Securitization Entities), in accordance with Section 8.16 of the Base Indenture and the Managing Standard, may dispose of property of the Securitization Entities from time to time pursuant to a Permitted Asset Disposition. Upon receipt of any Asset Disposition Proceeds from any Permitted Asset Disposition, the Manager (on behalf of the Securitization Entities), in accordance with Section 5.10(e) of the Base Indenture, shall deposit or cause the deposit of such Asset Disposition Proceeds to the Asset Disposition Proceeds Account. At the election of the Manager (on behalf of the applicable Securitization Entity) and so long as no Rapid Amortization Event shall have occurred and be continuing, the Manager (on behalf of the Securitization Entities) may reinvest such Asset Disposition Proceeds in Eligible Assets within the applicable Asset Disposition Reinvestment Period.
Permitted Asset Dispositions. The Manager (acting on behalf of the Securitization Entities), in accordance with Section 8.16 of the Base Indenture and the Managing Standard, may dispose of property of the Securitization Entities from time to time pursuant to a Permitted Asset Disposition. Upon receipt of any proceeds from any Permitted Asset Disposition, the Manager (on behalf of the Securitization Entities) shall deposit or cause the deposit of such proceeds to a Management Account. Notwithstanding anything in this Agreement or any other Transaction Document to the contrary, at the election of the Manager (on behalf of the applicable Securitization Entity) and so long as no Rapid Amortization Event shall have occurred and be continuing, the Manager (on behalf of the Securitization Entities) may reinvest such proceeds in Eligible Assets within one (1) calendar year following receipt of such proceeds (or, if any Securitization Entity (or the Manager on its behalf) shall have entered into a binding commitment to reinvest such proceeds in Eligible Assets within one (1) calendar year following receipt of such proceeds, within eighteen (18) calendar months following receipt of such proceeds) and/or may utilize such proceeds to pay, or to allocate funds to reimburse the Securitization Entities for amounts previously paid, for investments in Eligible Assets made within the twelve (12) month period prior to the receipt of such proceeds.
Permitted Asset Dispositions. The Manager (acting on behalf of each of the Service Recipients), in accordance with Section 8.16 of the Base Indenture and the Managing Standard, may dispose of property of any of the Service Recipients from time to time pursuant to a Permitted Asset Disposition. Upon receipt of any Asset Disposition Proceeds from any Permitted Asset Disposition, the Manager (on behalf of the applicable Service Recipients), in accordance with Section 5.10(c) of the Base Indenture, shall deposit or cause the deposit of such Asset Disposition Proceeds to the applicable Asset Disposition Proceeds Account. At the election of the Manager (on behalf of the applicable Canadian Securitization Entity) and so long as no Rapid Amortization Event shall have occurred and be continuing, the Manager (on behalf of the Service Recipients) may reinvest such Asset Disposition Proceeds in Eligible Assets within the applicable Asset Disposition Reinvestment Period.
Permitted Asset Dispositions. Borrower or any of its Subsidiaries may consummate transactions involving any of the following:
Permitted Asset Dispositions. 1. Intercompany sale for cash of machinery, equipment and/or inventory by Cequent Performance Products, Inc. to Cequent UK Limited, which such machinery, equipment and/or inventory will be located in Cequent UK Limited’s Juarez, Mexico facility
Permitted Asset Dispositions. The Manager (acting on behalf of the Securitization Entities), in accordance with Section 8.16 of the Base Indenture and the Managing Standard, may dispose of property of the Securitization Entities from time to time. To the extent required by the Base Indenture, upon receipt of any Asset Disposition Proceeds from any Permitted Asset Disposition, the Manager (on behalf of the Securitization Entities), in accordance with Section 5.11(a)(v) of the Base Indenture, shall deposit or cause the deposit of such Asset Disposition Proceeds to the Asset Disposition Proceeds Account. At the election of the Manager (on behalf of the applicable Securitization Entity) and so long as no Rapid Amortization Event shall have occurred and be continuing, the Manager (on behalf of the Securitization Entities) may reinvest such Asset Disposition Proceeds in accordance with the Base Indenture.
Permitted Asset Dispositions. Notwithstanding any provisions to the contrary contained in the Credit Agreement or other Loan Documents, so long as no Default or Event of Default shall have occurred and be continuing, the Administrative Agent and the Lenders hereby consent to the Permitted Asset Dispositions (as defined on the attached Annex II ) free and clear of any liens and encumbrances of the Administrative Agent or any Lender on such assets or equity interests.
Permitted Asset Dispositions. Section 7.1(b) of the Credit Agreement is hereby amended by amending and restating clause (vi) thereof in its entirety as follows:
Permitted Asset Dispositions. Notwithstanding any provision herein contained to the contrary, so long as no Default or Event of Default has occurred and is continuing or would result after giving effect thereto, Borrower may or may cause its Subsidiaries, as applicable, to (i) sell those Material Assets listed on Schedule 6.26 consisting of vacant or unused land or buildings; (ii) sell or sell and lease back those Material Assets designated as "Sale-Lease-Back Properties" on Schedule 6.26; provided, however, that in the case of a sale and lease back of real property at which Collateral is or may be kept, Borrower or such Subsidiary shall have obtained a landlord waiver and consent from the proposed owner of such property, in form and substance satisfactory to Agent, in its sole discretion, prior to consummation of such transaction; (iii) pledge, mortgage or otherwise encumber those Material Assets and incur Indebtedness secured by those Material Assets (other than the Tuning System Patent Licenses) designated as "Pledge Assets" on Schedule 6.26, subject to the following conditions:
Permitted Asset Dispositions. This Table of Contents is for convenience of reference only and does not form a part of the Agreement. ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT ("Agreement") is entered into on the 1st day of May, 1995 (the "Effective Date"), by and between VERNON SAWYER, INC., tax identification number 72- 1071773, a Louisiana corporation domiciled in Morehouse Parish, Louisiana ("Seller"), represented herein by its duly autxxxxxxx Xxxxxdent, Vernon G. Sawyer, VERNON SAWYER TRANSPORTATION, INC., tax identification Numbex 00-0000374, a Louisiana Corporation domiciled in Morehouse Parish, Louisiana ("Parent"), VEXXXX X. XXXXXX, anx XXXXX XXX XARUS SAWYER, in their individual capacities, indixxxxxx xxxidents of Morehouse Parish, Louisiana (xxxxxxxxx, Vernon G. Sawyer and Nancy Saxxxx xxx xx xxxxvidualxx xxxxxxxx xx ax x "Xhareholder" or jointly as the "Shareholders"), and KLLM, IXX., xxx identification number 64-0577750, x Xxxxx xxxxxratiox xxxxxxxxx in Rankin County, Mississippi ("Purchaser"), represented herein by its duly authorized President, Steve Bevilaqua, who declare anx xxxxx xxat:
