Common use of Sales of Receivables; Sale - Leasebacks Clause in Contracts

Sales of Receivables; Sale - Leasebacks. Sell, discount or otherwise dispose of Note, accounts receivable or other obligations owing to the Company, 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;

Appears in 1 contract

Samples: Photomedex Inc

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Sales of Receivables; Sale - Leasebacks. Sell, discount or otherwise dispose of Notenotes, accounts receivable or other obligations owing to the CompanyBorrower or its Domestic Subsidiaries, 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;.”

Appears in 1 contract

Samples: Control Agreement (Nu Horizons Electronics Corp)

Sales of Receivables; Sale - Leasebacks. Sell, discount or otherwise dispose of Notenotes, accounts receivable or other obligations owing to the CompanyBorrowers or their Subsidiaries, 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;.

Appears in 1 contract

Samples: Credit Agreement (Industrial Enterprises of America, Inc.)

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Sales of Receivables; Sale - Leasebacks. (i) Sell, discount or otherwise dispose of Notenotes, accounts receivable or other obligations owing to the CompanyBorrower or any of its Subsidiaries, with or without recourse, except for the purpose of collection in the ordinary course of business; or (B) sell or transfer any asset or property of any Specified Person pursuant to an arrangement to to, and thereafter rent or lease such asset from or property from, the purchaser thereof;.

Appears in 1 contract

Samples: Loan Agreement (Integramed America Inc)

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