Common use of Restrictions on Sales and Other Dispositions Clause in Contracts

Restrictions on Sales and Other Dispositions. The Borrower will not, nor -------------------------------------------- will it permit any of its Subsidiaries to, convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part of its business or Property, whether now owned or hereafter acquired (including, without limitation, receivables and leasehold interests, but excluding (i) obsolete or worn-out Property, tools or equipment no longer used or useful in its business so long as the amount thereof sold in any single fiscal year by the Borrower and its Subsidiaries shall not have a fair market value in excess of $2,000,000 and (ii) any equipment, programming rights or other Property sold or disposed of in the ordinary course of business and on ordinary business terms).

Appears in 2 contracts

Samples: Credit Agreement (Mediacom LLC), Credit Agreement (Mediacom LLC)

AutoNDA by SimpleDocs

Restrictions on Sales and Other Dispositions. The Borrower will notNone of the Borrowers will, -------------------------------------------- nor -------------------------------------------- will it permit any of its Subsidiaries to, convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part of its business or Property, whether now owned or hereafter acquired (including, without limitation, receivables and leasehold interests, but excluding (i) obsolete or worn-out Property, tools or equipment no longer used or useful in its business so long as the amount thereof sold in any single fiscal year by the Borrower Borrowers and its their Subsidiaries shall not have a fair market value in excess of $2,000,000 500,000 and (ii) any equipment, programming rights or other Property sold or disposed of in the ordinary course of business and on ordinary business terms).. Credit Agreement ---------------- - 88 -

Appears in 2 contracts

Samples: Credit Agreement (Mediacom LLC), Credit Agreement (Mediacom Capital Corp)

Restrictions on Sales and Other Dispositions. The Borrower None of the Borrowers will not, nor -------------------------------------------- will it permit any of its Subsidiaries to, convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part of its business or Property, whether now owned or hereafter acquired (including, without limitation, receivables and leasehold interests, but excluding (i) obsolete or worn-out Property, tools or equipment no longer used or useful in its business so long as the amount thereof sold in any single fiscal year by the Borrower Borrowers and its their Subsidiaries shall not have a fair market value in excess of $2,000,000 10,000,000 and (ii) any equipment, programming rights or other Property sold or disposed of in the ordinary course of business and on ordinary business terms).. Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

Restrictions on Sales and Other Dispositions. The Borrower None of the -------------------------------------------- Borrowers will not, nor -------------------------------------------- will it permit any of its Subsidiaries to, convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part of its business or Property, whether now owned or hereafter acquired (including, without limitation, receivables and leasehold interests, but excluding (i) obsolete or worn-out Property, tools or equipment no longer used or useful in its business so long as the amount thereof sold in any single fiscal year by the Borrower Borrowers and its their Subsidiaries shall not have a fair market value in excess of $2,000,000 5,000,000 and (ii) any equipment, programming rights or other Property sold or disposed of in the ordinary course of business and on ordinary business terms).

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

AutoNDA by SimpleDocs

Restrictions on Sales and Other Dispositions. The Borrower None of the -------------------------------------------- Borrowers will not, nor -------------------------------------------- will it permit any of its Subsidiaries to, convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part of its business or Property, whether now owned or hereafter acquired (including, without limitation, receivables and leasehold interests, but excluding (i) obsolete or worn-out Property, tools or equipment no longer used or useful in its business so long as the amount thereof sold in any single fiscal year by the Borrower Borrowers and its their Subsidiaries shall not have a fair market value in excess of $2,000,000 10,000,000 and (ii) any Credit Agreement ---------------- equipment, programming rights or other Property sold or disposed of in the ordinary course of business and on ordinary business terms).

Appears in 1 contract

Samples: Credit Agreement (Mediacom Broadband Corp)

Restrictions on Sales and Other Dispositions. The Borrower None of the Borrowers will not, -------------------------------------------- nor -------------------------------------------- will it permit any of its Subsidiaries to, convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part of its business or Property, whether now owned or hereafter acquired (including, without limitation, receivables and leasehold interests, but excluding (i) obsolete or worn-out Property, tools or equipment no longer used or useful in its business so long as the amount thereof sold in any single fiscal year by the Borrower Borrowers and its their Subsidiaries shall not have a fair market value in excess of $2,000,000 5,000,000 and (ii) any equipment, programming rights or other Property sold or disposed of in the ordinary course of business and on ordinary business terms).

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!