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 that is a so- called "internal equipment item" that is replaced by Borrower in the ordinary course of business and consistent with past practices with another such item of equal or greater value, and (d) Equipment that is a so-called "demonstration item" in the ordinary course of business and consistent with past practices.

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.

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

• Upon the receipt of any Net Cash Proceeds of any Disposition (other than Ordinary Course Dispositions) by Borrower or any Subsidiary in excess of $1,000,000 in the aggregate in any calendar year, Borrower shall promptly prepay outstanding Term Loans in an amount equal to 100% of such Net Cash Proceeds (excluding the first $1,000,000).

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 Borrower's business as currently conducted, (b) dispositions of cash and cash equivalents consistent with the provisions hereof, and (c) granting of license rights with respect to Borrower's Intellectual Property in connection with licenses or franchises entered into by Borrower in the ordinary course of business.

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 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, 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 U.S. Borrower 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 of such disposition are reasonably promptly applied to the purchase price of such replacement property; (d) licenses of Intellectual Property in the ordinary course of business; (e) dispositions of Cash Equivalents in the ordinary course of business; (f) termination of leased office locations in the ordinary course of business; (g) dispositions of accounts receivable in connection with the collection or compromise thereof; (h) any forgiveness, write-off or write-down of any intercompany obligations owed by a Credit Party;

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 any Equipment or Inventory for fair value and in the ordinary course of Borrower's business as currently conducted.