Permitted Sales definition

Permitted Sales shall have the meaning given to that term in the definition of Asset Sales.

Permitted Sales means the Transfers permitted in the first and second sentences of Section 3.3(a) and the first sentence of Section 3.4(a).

Permitted Sales sales of any assets permitted pursuant to Section 6.03 of the Credit Agreement.

Examples of Permitted Sales in a sentence

• Use all or any of the proceeds of any Loans other than as set forth in Section 1.3. For the avoidance of doubt, no proceeds of the Loans shall be used to finance any electric charging stations in connection with the Brookfield Master Sale Agreement or the agreements governing Other Permitted Sales.

• The Loan Parties shall in good faith take such actions as shall be necessary to satisfy or discharge all Permitted Sales and Use Tax Obligations as promptly as practicable.

• No Loan Party, except for Permitted Sales, will sell, transfer, assign, pledge, collaterally assign, exchange or otherwise dispose of any the Collateral, including, but not limited to, transfer to any entity with the same or similar name as any Loan Party and organized under the laws of a state other than the state of such Loan Party’s organization on the date hereof.

• Amend, waive, or otherwise modify (a) its charter or by-laws or other Organizational Documents other than in connection with the issuance of Equity Interests by Parent permitted by this Agreement or (b) the Brookfield Master Sale Agreement or any agreements governing Other Permitted Sales in a manner material and adverse to the Agent or the Lenders.

• The Sales and Use Taxes continue to be Permitted Sales and Use Tax Obligations.

More Definitions of Permitted Sales

Permitted Sales means the sale, assignment, conveyance, transfer or other disposition of any of the Company’s clinics established for the provision of assisted reproductive services or the holding company of such clinic in a single transaction or a series of related transactions at arm’s length terms, but which clinic(s) and/or other assets, as applicable, in such Permitted Sale (or series of Permitted Sales, as applicable) do not, individually or in the aggregate, constitute all, or substantially all of the material assets or operations of the Company and its Subsidiaries.

Permitted Sales means the manufacture, sale or other transfer of any NanoString product or service to a Third Party developing or commercializing an LDT, provided that such Third Party (a) is not a commercial entity formed for profit-making purposes; or (b) is included on Schedule 1.1(g).

Permitted Sales means (i) in the case of ITI and Shalom the Transfers permitted in the first sentence of Section 3.3(a), (ii) in the case of Eidelstein, the Transfers permitted in the second sentence of Section 3.3(a), (iii) in the case of Casty, the Transfers permitted in the first sentence of Section 3.4(a) and (iv) in the case of any other Stockholder, Transfers to or among such Stockholder's Affiliates.

Permitted Sales means the Permitted Securities Sale and the Permitted Loan Sale.

Permitted Sales means the sale for fair market value (as determined by the Company) for cash and/or promissory notes of (i) the Real Property, divisions of the Company and/or Subsidiaries listed on Annex XIV and (ii) other properties, assets, stock or businesses to the extent that the aggregate net proceeds from all such sales do not exceed (I) $1,000,000 for all such sales consummated during the period ending on March 31, 1998 and (II) $3,000,000 for all such sales consummated during any subsequent fiscal year, provided that (x) at least 50% of the net proceeds of any such sale shall consist of cash, (y) any promissory note received as consideration shall have a maturity no later than two years from the date of consummation of such sale and (z) the aggregate principal (or face amount) of all promissory notes received by the Company and its Subsidiaries (I) in connection with any such sale, shall not exceed $2,500,000 and (II) in connection with all Permitted Sales, shall not exceed $5,000,000.

Permitted Sales means (i) the Disposition of any furniture, fixture or equipment that is no longer used or useful in the business of the Lead Borrower and its Subsidiaries, to the extent expressly provided for in the Approved Budget; or (ii) the Disposition of Inventory and furniture, fixtures or equipment in connection with Permitted Store Closings.

Permitted Sales has the meaning set forth in Section 4.7.