Ordinary Course Dispositions definition

Ordinary Course Dispositions means, the following:
Ordinary Course Dispositions shall have the meaning set forth in Section 5.2.10.
Ordinary Course Dispositions means Asset Dispositions of (a) ---------------------------- Inventory in the ordinary course of business, (b) Equipment that is substantially worn, damaged, or obsolete in the ordinary course of business, (c) Equipment or Inventory between Borrower and the Guarantors for reasonable and legitimate business purposes, and (d) cash and cash equilavents consistent with the provisions hereof.

Examples of Ordinary Course Dispositions in a sentence

  • Except for Ordinary Course Dispositions, sell, lease, assign, transfer, or otherwise dispose of any properties or assets of any of the Obligors.

  • Anything contained in this Agreement or any other Loan Document to the contrary notwithstanding, except for Ordinary Course Dispositions, no Obligor has any authority, express or implied, to dispose of any item or portion of the Personal Property Collateral or the Real Property Collateral.

  • Furthermore, none of the MLP, the Borrower, any Subsidiary Guarantor or any Restricted Subsidiary shall undertake a fundamental change or make a Disposition (other than Ordinary Course Dispositions) unless the MLP (x) shall be in Pro Forma Compliance or (y) shall have ratios as described in Section 6.11 and Section 6.12 that are improved (or not worse than) such ratios as compared to immediately prior to giving effect to such fundamental change or Disposition.

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More Definitions of Ordinary Course Dispositions

Ordinary Course Dispositions means the sale, exchange, or other disposition, free and clear of Foothill's security interest (other than its security interest in the proceeds of such sale, exchange, or other disposition) of (a) Inventory in the ordinary course of the Obligors' business, and (b) Equipment that is substantially worn, damaged, or obsolete in the ordinary course of the Obligors' business.
Ordinary Course Dispositions means the sale, transfer, assignment, exchange or other disposition by the Partnership, the Operating Partnership or any of their respective Subsidiaries of obsolete, non-functioning or redundant operating assets, including fleet vehicles (including in connection with fleet refreshment or upgrades), tanks used for the storage of propane, underperforming business operations or real estate, which sales, transfers, assignments, exchanges or other dispositions will not exceed in the aggregate $25,000,000 (consideration received by the disposing party) in any fiscal year.
Ordinary Course Dispositions means dispositions consisting of (a) sales or other dispositions of Inventory in the ordinary course of the Obligors' business as currently conducted, (b) sales or other dispositions of Equipment in the ordinary course of the Obligors' business, (c) dispositions of cash and cash equivalents consistent with the provisions hereof, (d) granting of license rights with respect to Obligor Intellectual Property in connection with licenses or franchises entered into by the Obligors in the ordinary course of business, and (e) sales of unimproved land.
Ordinary Course Dispositions means Asset Dispositions of (a) ---------------------------- Inventory in the ordinary course of business, (b) Equipment that is substantially worn, damaged, or obsolete in the ordinary course of business, (c) properties or assets between FRI-MRD and its Subsidiaries or between FRI-MRD's Subsidiaries, other than Prohibited Transfers, (d) cash and cash equivalents consistent with the provisions hereof, and (e) license rights with respect to Borrower Intellectual Property in connection with licenses or franchises entered into by Borrower in the ordinary course of business.
Ordinary Course Dispositions has the meaning assigned to it in the definition ofAsset Sale Mandatory Prepayment Event”.
Ordinary Course Dispositions means, the following: (a) dispositions or the abandonment of obsolete, excess, worn out or surplus furniture, fixtures, equipment or other property, real or personal, tangible or intangible, and property no longer material, used or useful to the business of the Parent Guarantor or any of its Restricted Subsidiaries, whether now owned or hereafter acquired; (b) dispositions of inventory in the ordinary course of business (including, for the avoidance of doubt, any sale, license, lease or other conveyance of capacity on communication networks (including of any fiber or fiber pair) or collocation capacity, in each case, to customers in the ordinary course of business); (c) dispositions of equipment or Real Property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds
Ordinary Course Dispositions means: (a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business; (b) Dispositions of cash, cash equivalents, inventory and other property in the ordinary course of business, including "blow-out" sales of Inventory which at the time of sale is not included in the Borrowing Base; (c) Dispositions of Accounts and notes received from customers to collection agencies in the ordinary course of business or as a result of the insolvency of such customer; provided that at the time of sale such Accounts and notes are not included in the Borrowing Base; (d) Dispositions of property to the extent that such property is exchanged for credit against the purchase price of similar replacement property, or the proceeds of such sale are reasonably promptly applied to the purchase price of such replacement property or where Borrower or any Subsidiary determine in good faith that the failure to replace such equipment will not be detrimental to the business of Borrower or such Subsidiary; and (e) Dispositions of assets or property by any Subsidiary to Borrower or a Wholly-Owned Domestic Subsidiary; provided, however, that no such Disposition shall be for less than the fair market value (as reasonably determined by Borrower) of the property being disposed of.