Common use of Structure; Disposition of Assets Clause in Contracts

Structure; Disposition of Assets. (i) Except for Permitted Acquisitions, merge or consolidate with or otherwise acquire, or be acquired by, any other Person; and (ii) sell, lease or otherwise transfer all or any part of its assets other than, for so long as there exists no Event of Default, (a) the sale of inventory in the ordinary course of such Person’s business, (b) the disposition of obsolete equipment subject to Section 4.02(e) hereof, (c) the sale of motor vehicles in the ordinary course of such Person’s business with the consent of the Administrative Agent and (d) the sale of other assets not in the ordinary course of business in an amount not to exceed $10,000,000 in any Fiscal Year.

Appears in 2 contracts

Samples: Credit Agreement (Inergy L P), Credit Agreement (Inergy L P)

AutoNDA by SimpleDocs

Structure; Disposition of Assets. (i) Except for Permitted AcquisitionsAcquisitions and the IPC Acquisition, merge or consolidate with or otherwise acquire, or be acquired by, any other Person; and (ii) sell, lease or otherwise transfer all or any part of its assets other than, for so long as there exists no Event of Default, (a) the sale of inventory in the ordinary course of such Person’s 's business, (b) the disposition of obsolete equipment subject to Section 4.02(e4.02(f) hereof, (c) the sale of motor vehicles in --------------- the ordinary course of such Person’s 's business with the consent of the Administrative Agent and (d) the sale of other assets not in the ordinary course of business in an amount not to exceed $10,000,000 5,000,000 in any Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (Inergy L P)

AutoNDA by SimpleDocs

Structure; Disposition of Assets. (i) Except for Permitted Acquisitions, merge or consolidate with or otherwise acquire, or be acquired by, any other Person; and (ii) sell, lease or otherwise transfer all or any part of its assets other than, for so long as there exists no Event of Default, (a) the sale of inventory in the ordinary course of such Person’s 's business, (b) the disposition of obsolete equipment subject to Section 4.02(e4.02(d) hereof, hereof and (c) the sale of motor vehicles in the --------------- ordinary course of such Person’s 's business with the consent of the Administrative Agent and (d) the sale of other assets not in the ordinary course of business in an amount not to exceed $10,000,000 in any Fiscal YearAgent.

Appears in 1 contract

Samples: Credit Agreement (Inergy L P)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!