Sales of Receivables; Sale - Leasebacks. Sell, discount or --------------------------------------- otherwise dispose of notes, accounts receivable or other obligations owing to the Borrower, with or without recourse, except for the purpose of collection in the ordinary course of business; or sell any asset pursuant to an arrangement to thereafter lease such asset from the purchaser thereof.
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Samples: Revolving Credit Agreement (Asi Solutions Inc), Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp)
Sales of Receivables; Sale - Leasebacks. Sell, discount or otherwise --------------------------------------- otherwise dispose of notes, accounts receivable or other obligations owing to the Borrower, with or without recourse, except for the purpose of collection in the ordinary course of -45- business; or sell any asset pursuant to an arrangement to thereafter lease such asset from the purchaser thereof.
Appears in 1 contract
Sales of Receivables; Sale - Leasebacks. Sell, discount or otherwise --------------------------------------- otherwise dispose of notes, accounts receivable or other obligations owing to the Borrower, with or without recourse, except for the purpose of collection in the ordinary course of business; or sell any asset pursuant to an arrangement to thereafter lease such asset from the purchaser thereof.
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