as Issuer THE GUARANTORS NAMED HEREIN and U.S. BANK NATIONAL ASSOCIATION as Trustee, Paying Agent and Note Registrar INDENTURE Dated as of September 23, 2019 5.000% Senior Notes due 2027Indenture • September 23rd, 2019 • Advanced Drainage Systems, Inc. • Plastics foam products • New York
(A)any disposition of cash or Cash Equivalents or Investment Grade Securities or, excess, obsolete, damaged, unnecessary, unsuitable or worn out property, equipment or other assets in the ordinary course of business, or any disposition of property or assets in connection with scheduled turnarounds, maintenance and equipment and facility updates or any disposition of any inventory, immaterial assets or goods (or other assets) held for sale or no longer used in the ordinary course of business or any disposition resulting from the liquidation or dissolution of any Restricted Subsidiary that is dormant or no longer used in the Issuer’s ordinary course of business to the extent made ratably in accordance with the relative equity interest held by, or capital accounts of, the owners thereof;
