Common use of Sale of Properties Clause in Contracts

Sale of Properties. The Borrower will not, and will not cause or permit any Guarantor or any Restricted Subsidiary to sell, assign, convey or otherwise transfer any Property or any interest in any Property, unless such Property is not material to the ability of the Borrower or any Restricted Subsidiary to generate EBITDA.

Appears in 5 contracts

Samples: Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)

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Sale of Properties. The Borrower will notNone of the Borrower, and will not cause or permit any Guarantor or any Restricted Subsidiary to Affiliate will sell, assign, convey or otherwise transfer any Property or any interest in any Property, unless such Property is not material to the ability of the Borrower or any Restricted Subsidiary Affiliate to generate EBITDA.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Partners L P)

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Sale of Properties. The Borrower will not, and will not cause or permit any Guarantor or any Restricted Subsidiary to sell, assign, convey or otherwise transfer any Property or any interest in any Property, unless such Property is transfer (i) would be permitted pursuant to Section 9.08, or (ii) could not reasonably be expected to result in any material to reduction in the ability EBITDA of the Borrower or any and its Restricted Subsidiary to generate EBITDASubsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Partners L P)

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