Common use of Sale or Discount of Receivables Clause in Contracts

Sale or Discount of Receivables. Sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.

Appears in 3 contracts

Samples: Stanley Furniture (Stanley Furniture Co Inc.), Stanley Furniture (Stanley Furniture Co Inc.), Credit Agreement (Regis Corp)

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Sale or Discount of Receivables. Sell with recourserecourse or discount, or discount or otherwise sell for less than the greater of face or market value thereof, any of its notes or accounts receivable.

Appears in 3 contracts

Samples: Loan Agreement (TransCoastal Corp), Loan Agreement (Trek Resources Inc), Loan Agreement (Equity Oil Co)

Sale or Discount of Receivables. Sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivableAccounts including without limitation pursuant to a Receivables Financing.

Appears in 2 contracts

Samples: Credit Agreement (Travel Services International Inc), Credit Agreement (Travel Services International Inc)

Sale or Discount of Receivables. Sell with recourse, recourse or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.

Appears in 2 contracts

Samples: Warrant Purchase Agreement (Ramsay Youth Services Inc), Subordinated Note and Warrant Purchase Agreement (Ramsay Youth Services Inc)

Sale or Discount of Receivables. Sell Except for discounts for prompt payment or to settle immaterial customer disputes in the ordinary course of business, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.

Appears in 2 contracts

Samples: And Investment Agreement (William Blair Mezzanine Capital Partners Ii LLC /Adv), Loan and Investment Agreement (Compudyne Corp)

Sale or Discount of Receivables. Sell Discount or sell with recourse, or discount or otherwise sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivable.

Appears in 2 contracts

Samples: Credit Agreement (PHX Minerals Inc.), Credit Agreement (Panhandle Oil & Gas Inc)

Sale or Discount of Receivables. Sell with recourse, or discount or otherwise sell for less than the face value thereof, or subject to a Lien, any of its notes or accounts receivablereceivable other than receivables which are doubtful in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Note Purchase And (Steak & Shake Co)

Sale or Discount of Receivables. Sell with recourse, or discount (other than to the extent of finance and interest charges included therein) or otherwise sell for less than the face value thereof, any of its notes or accounts receivable, except notes or accounts receivable the collection of which is doubtful in accordance with general accepted accounting principles.

Appears in 1 contract

Samples: Subordinated Note and Warrant Purchase Agreement (Equity Compression Services Corp)

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Sale or Discount of Receivables. Sell with recourse, or discount (other than to the extent of finance and interest charges included therein) or otherwise sell for less than the face value thereof, any of its notes or accounts receivablereceivable except notes or accounts receivable the collection of which is doubtful in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Master Shelf Agreement (Western Gas Resources Inc)

Sale or Discount of Receivables. Sell with recourse, pledge, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.;

Appears in 1 contract

Samples: Credit Agreement (Banta Corp)

Sale or Discount of Receivables. Sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.;

Appears in 1 contract

Samples: Private Shelf Agreement (Regis Corp)

Sale or Discount of Receivables. Sell with recourse, or discount (other than to the extent of finance and interest charges included therein) or otherwise sell for less than the face value thereof, any of its notes or accounts receivable, except notes or accounts receivable of the Company or its Subsidiaries the collection of which is doubtful in accordance with GAAP.

Appears in 1 contract

Samples: Note Agreement (Lee Enterprises, Inc)

Sale or Discount of Receivables. Sell with recourse, recourse or ------------------------------- discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivablereceivable except for the sale of accounts receivable which sales shall not exceed $35,000,000 at any one time outstanding.

Appears in 1 contract

Samples: Credit Agreement (Gold Kist Inc)

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