Common use of Sale of Accounts Clause in Contracts

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 21 contracts

Samples: Credit Agreement (New Age Beverages Corp), Credit Agreement (Barry R G Corp /Oh/), Credit Agreement (Barry R G Corp /Oh/)

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Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except that the Borrower or any Subsidiary may sell or otherwise grant an interest in its accounts receivable to other Persons, in each case pursuant to an Accounts Receivable Financing Program.

Appears in 8 contracts

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo), Credit Agreement (Ralcorp Holdings Inc /Mo), Credit Agreement (Ralcorp Holdings Inc /Mo)

Sale of Accounts. The Borrower will not, nor and will it not permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except to the extent permitted by Section 6.12.4.

Appears in 6 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivableAccounts, with or without recourse; provided that the foregoing shall not limit or restrict compromises of doubtful or disputed accounts in the ordinary course of business of Borrower and the Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Shaw Group Inc), Credit Agreement (Shaw Group Inc), Credit Agreement (Shaw Group Inc)

Sale of Accounts. The Borrower will not, nor will it permit any ---------------- Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 5 contracts

Samples: Credit Agreement (Transit Group Inc), Credit Agreement (Transit Group Inc), Credit Agreement (Qad Inc)

Sale of Accounts. The Borrower Borrowers will not, nor will it they permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable (other than defaulted accounts receivable), with or without recourserecourse except to the extent permitted by Section 6.11(d).

Appears in 5 contracts

Samples: Credit Agreement (Arcbest Corp /De/), Credit Agreement (Arcbest Corp /De/), Credit Agreement (Arcbest Corp /De/)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse in excess of $500,000 in the aggregate during any Fiscal Year.

Appears in 3 contracts

Samples: Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse except in the ordinary course of business on terms and conditions customary in the Borrower's or such Subsidiary's industry.

Appears in 3 contracts

Samples: Credit Agreement (Tri State Outdoor Media Group Inc), Credit Agreement (Tri State Outdoor Media Group Inc), Credit Agreement (Northland Cable Television Inc)

Sale of Accounts. The No Borrower will notwill, nor will it the Company permit any other Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse except to the extent permitted by Section 6.12.4.

Appears in 3 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Dental Co)

Sale of Accounts. The Domestic Borrower will not, nor and will not it permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 3 contracts

Samples: Credit Agreement (Park Ohio Industries Inc/Oh), Credit Agreement (Park Ohio Holdings Corp), Credit Agreement (Park Ohio Holdings Corp)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, other than in the ordinary course of business.

Appears in 3 contracts

Samples: Credit Agreement (Nuveen John Company), 364 Day Credit Agreement (Nuveen Investments Inc), Credit Agreement (Nuveen Investments Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 3 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any of its notes receivable or accounts receivable, with or without recourse, except as permitted under Section 6.03(a)(vii).

Appears in 3 contracts

Samples: Loan Agreement (Efunds Corp), Credit Agreement (Efunds Corp), Credit Agreement (Efunds Corp)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse except to the extent permitted by Section 6.12(iii).

Appears in 3 contracts

Samples: Credit Agreement (Central Newspapers Inc), Credit Agreement (Roadway Express Inc), Credit Agreement (Roadway Corp)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, other than as a Permitted Receivables Financing.

Appears in 3 contracts

Samples: Credit Agreement (Sei Investments Co), Credit Agreement (Sei Investments Co), Credit Agreement (Sei Investments Co)

Sale of Accounts. The Borrower will not, nor will it permit Parent or any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 2 contracts

Samples: Credit Agreement (Clark/Bardes Holdings Inc), Credit Agreement (Clark/Bardes Holdings Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except the Borrower or any Subsidiary may assign accounts receivable (previously expensed by the Borrower as bad debts) for collection, with or without recourse.

Appears in 2 contracts

Samples: Credit Agreement (Petco Animal Supplies Inc), Credit Agreement (Petco Animal Supplies Inc)

Sale of Accounts. The Except in the ordinary course of business for collection, each Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 2 contracts

Samples: Credit Agreement (MPW Industrial Services Group Inc), Credit Agreement (MPW Industrial Services Group Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except (a) sale or assignment of accounts for collection purposes in the ordinary course of business, and (b) Qualified Receivables Transactions.

Appears in 2 contracts

Samples: Credit Agreement (Modine Manufacturing Co), Credit Agreement (Modine Manufacturing Co)

Sale of Accounts. The Neither the Borrower will not, nor will it permit any Subsidiary to, will sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 2 contracts

Samples: Credit Agreement (Petroquest Energy Inc), Credit Agreement (Petroquest Energy Inc)

Sale of Accounts. The Except with respect to any Receivables Financings permitted hereunder, the Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (SPX Corp)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary Operator to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Nevada Gold & Casinos Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivableAccounts, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Abx Air Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary of ---------------- its Subsidiaries to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Ennis Business Forms Inc)

Sale of Accounts. The Borrower Borrowers will not, nor will it they permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except that the Borrowers or any of their Subsidiaries may assign accounts receivable (previously expensed by the Borrowers as bad debts) for collection, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Pacific Scientific Co)

Sale of Accounts. The Borrower will not, nor will it permit any ---------------- Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except the Borrower or any Subsidiary may assign accounts receivable (previously expensed by the Borrower as bad debts) for collection, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse except as part of the Proposed Securitization.

Appears in 1 contract

Samples: Credit Agreement (Clark Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except (a) ancillary dispositions to facilitate collection of problem pay receivables in the ordinary course of business, and (b) sale of accounts incident to a sale of a business made in accordance with Section6.13.

Appears in 1 contract

Samples: Credit Agreement (Lone Star Industries Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except pursuant to Section 6.14(iii) or (iv).

Appears in 1 contract

Samples: Credit Agreement (Pronet Inc /De/)

Sale of Accounts. The Borrower will not, nor and will it not permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse except to the extent permitted by Section 6.12.4.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Patterson Companies, Inc.)

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Sale of Accounts. The Borrower will not, nor and will it not permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, other than in the ordinary course of business.

Appears in 1 contract

Samples: Bridge Credit Agreement (Nuveen Investments Inc)

Sale of Accounts. The Borrower will not, nor ---------------- will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except (a) sale or assignment of accounts for collection purposes in the ordinary course of business, and (b) Qualified Receivables Transactions.

Appears in 1 contract

Samples: Credit Agreement (Modine Manufacturing Co)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Clark Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse except to the extent permitted by Section 6.12.4.

Appears in 1 contract

Samples: Bridge Credit Agreement (Patterson Dental Co)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary (except foreign Subsidiaries) to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Bio Rad Laboratories Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse except to the extent permitted by Section 6.13(c).

Appears in 1 contract

Samples: Credit Agreement (Patterson Dental Co)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, other than (i) a sale by the Borrower to a Wholly-Owned Subsidiary or by any Subsidiary to the Borrower or to a Wholly-Owned Subsidiary and (ii) in connection with receivables factoring to the extent permitted by Section 6.11(vi).

Appears in 1 contract

Samples: Credit Agreement (Experience Management LLC)

Sale of Accounts. The Borrower will not, nor will it permit any Restricted Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Jason Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any notes receivable or accounts receivableAccounts Receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Airnet Systems Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes premiums receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (American Country Holdings Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.; provided that the Borrower and its Domestic Subsidiaries may sell or transfer receivables to each other

Appears in 1 contract

Samples: Credit Agreement (Interim Services Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except that the Borrower or any Subsidiary may, in the ordinary course of business, reduce or otherwise compromise or settle accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Administaff Inc \De\)

Sale of Accounts. The No Borrower will notwill, nor will it permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourserecourse other than in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Hc2 Holdings, Inc.)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except that the Borrower or any Subsidiary may sell or otherwise grant an interest in its accounts receivable to other Persons, in each case pursuant to the Accounts Receivable Financing Program.

Appears in 1 contract

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo)

Sale of Accounts. The Borrower will not, nor and will it not permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except to the extent permitted by Section β€Ž6.12.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Sale of Accounts. The Borrower will not, nor and will it not permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, except to the extent permitted by Section β€Ž6.12.4.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse; provided, however, that prior to a Default, Borrower and its Subsidiaries may, in the ordinary course of business, assign delinquent notes receivable and accounts receivable to a collection agency for collection purposes.

Appears in 1 contract

Samples: Credit Agreement (Gulf Island Fabrication Inc)

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any Accounts or notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Luiginos Inc)

Sale of Accounts. The Borrower will not, nor and will not it permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

Appears in 1 contract

Samples: Credit Agreement (Park Ohio Holdings Corp)

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