Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion of its assets, real or personal, other than such transactions in the normal and ordinary course of business for value received; or
(b) discontinue, liquidate, or change in any material respect any substantial part of its operations or business(es).
Transfer of Assets; Liquidation. 48 6.8. Acquisitions and Investments.....................................................................48 6.9.
Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion of its assets, real or personal, including any sale/leaseback or similar transaction, other than such transactions in the normal and ordinary course of business for value received; provided, however, that in the absence of an Event of Default, Borrower and its Subsidiaries may sell real property, so long as the purchase price is not less than the greater of (i) its appraised value or (ii) the amount of all indebtedness secured by such real property; or
(b) discontinue, liquidate, or change in any material respect any substantial part of its operations or business(es), except as a result of an intercompany merger permitted pursuant to Paragraph 6.8(iii) hereof.
Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion of its assets, real or personal, other than such transactions in the normal and ordinary course of business for value received; provided, however, that the Borrower and any Subsidiary may sell, lease, transfer and otherwise dispose of assets outside the ordinary course of its business so long as (i) no Default or Event of Default exists immediately prior to or following any such action and (ii) the aggregate fair market value of such assets sold, leased, transferred or otherwise disposed of does not exceed in the aggregate $12,000,000; or
(b) discontinue, liquidate, or change in any material respect any substantial part of its operations or business(es); provided, however, that the Borrower and Subsidiaries may take such actions so long as (A) no Default or Event of Default exists immediately prior to or following any such action and (B) each such action is in respect of an operation or business producing annual sales (in the fiscal year most recently preceding such action) in an amount which when aggregated with all other actions under this subsection (b) does not exceed $8,500,000.
Transfer of Assets; Liquidation. Paragraph 6.7 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:
Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of any assets; provided, however, Borrowers may (i) dispose of assets in the ordinary course of business provided that the disposition does not constitute a Sale of Material Assets, (ii) convert Permitted Investments into cash and cash into Permitted Investments, (iii) transfer assets to the Lessor pursuant to the Lease Financing Facility and (iv) transfer assets to and merge with or into another Borrower. Borrowers may request from time to time the right to consummate a sale or other disposition of assets and Lenders shall have the absolute discretion to withhold consent to any proposed disposition of assets.
(b) Discontinue, liquidate, or change in any material respect any substantial part of its operations or business, except if one or more other Borrowers are the successor to substantially all such operations or business.
Transfer of Assets; Liquidation. Sell, lease, transfer or otherwise ------------------------------- dispose of any part or amount of its assets, real or personal, or discontinue or liquidate any substantial part of its operations or business, other than (a) any such transaction in the normal and ordinary course of business for value received, and (b) a sale of one of the three Systems, provided that both, prior to, and after giving effect to such sale, no Event of Default, or event which with the notice or passage of time would become an Event an Default, exists. In connection with such sale, Borrower shall prepay that portion of principal necessary to remain in compliance with the covenants set forth in Sections 5.13 and 5.14 hereof. The Commitment shall be permanently reduced by the amount of any principal payment made pursuant to this Section 6.7(b).
Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion of its assets, real or personal, other than to another Borrower or such transactions in the normal and ordinary course of business for value received and other than the sale of assets no longer used or usable in the business of such Borrower or a Sale of Material Assets with respect to which Borrowers have complied with Paragraph 2.8(c) hereof, it being understood that Borrowers from time to time in the normal and ordinary course of business may sell or lease or otherwise dispose of ("Transfer") bulk quantities of inventory and Transfer their customer lists and license their intellectual property; or
(b) Discontinue, liquidate, or change in any material respect any substantial part of its operations or business(es).
Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion of its assets, real or personal, including any sale/leaseback or similar transaction, other than such transactions in the normal and ordinary course of business for value received provided, however, that in the absence of an Event of Default or Default hereunder, Borrower and its Subsidiaries may consummate the sale of the Xxxxxx Building, in Charlotte, North Carolina, and the subsequent lease thereof by the Companies as described in the Registration Statement; or
(b) discontinue, liquidate, or change in any material respect any substantial part of its operations or business(es), except as a result of an intercompany merger permitted pursuant to Paragraph 6.8(iii) hereof.
Transfer of Assets; Liquidation. (a) Sell, lease, transfer, or otherwise dispose of all or any portion of its assets, real or personal, including pursuant to a sale and leaseback, lease and leaseback, or similar arrangement, EXCEPT (i) such transactions in the normal and ordinary course of business for value received; PROVIDED THAT, the aggregate value of assets transferred in all such transactions does not exceed $15,000,000 in any calendar year; (ii) sales, assignments, exchanges, leases, or other dispositions of property between and among the Companies (other than GRCGP); (iii) the transfer, sale, or disposition of non-wireless assets to Operations, so long as the transfer, sale, or disposition of assets for fair market value and for which at least 85% of the consideration is received in cash or cash equivalents; and (iv) the sale or transfer of the stock of Xxxxxx Wireline Company and its Subsidiaries to the extent required to consummate the Wireline Spinoff; and THIRD AMENDED AND 63 RESTATED CREDIT AGREEMENT
(b) discontinue, liquidate, or change in any material respect any part of its operations or business(es).
