Common use of Sale of Notes Clause in Contracts

Sale of Notes. No Borrower shall, or shall cause or permit any of its Subsidiaries at any time to, sell, discount or dispose of any note, instrument, account, or other obligation owing to such Borrower or such Subsidiary in an amount that is material to the Borrowers and their respective Subsidiaries taken as a whole, except to either of the Banks.

Appears in 4 contracts

Samples: Revolving Credit Agreement (COURIER Corp), Revolving Credit Agreement (Courier Corp), Revolving Credit Agreement (Courier Corp)

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Sale of Notes. No Borrower shall, or nor shall cause or any Borrower permit any of its Subsidiaries at any time to, sell, discount or dispose of any note, instrument, account, or other obligation owing to such Borrower or such Subsidiary in an amount that is material to the Borrowers and their respective Subsidiaries taken as a whole, except to either of the Banksany Bank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Unifirst Corp)

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