Sale of Certain Assets. It will not sell, lease, exchange or otherwise dispose of (other than by way of Permitted Encumbrances) any Royalty Assets.
Sale of Certain Assets. At the Closing, Lessor shall sell, transfer, convey, assign and deliver to the Lessee (or its designee), and Lessee shall purchase from Lessor, the following assets:
Sale of Certain Assets. The first sentence of Section 12(r) of the Credit Agreement shall be and it is hereby amended in its entirety to read as follows: Borrower will immediately pay over to the Agent for the ratable benefit of the Lenders as a prepayment of principal on the Notes and a reduction of the Commitments, an amount equal to 100% of the "Release Price" from the sale of Oil and Gas Properties by Borrower or any Guarantor in excess of $10,000,000 (except that during the period beginning on the Sterling Acquisition Closing Date and ending on the next Determination Date, such amount shall be 100% of the "Release Price" from the sale of Oil and Gas Properties by Borrower or any Guarantor in excess of $25,000,000) in the aggregate received from such sales between Borrowing Base redeterminations, which sale has been either (i) made in compliance with the provisions of Section 13(a)(ii) hereof, or (ii) approved in advance by Required Lenders. Provided, however, that in lieu of making any such payment the Borrower may elect to provide, or cause to be provided by a Guarantor, additional Oil and Gas Properties with value and quality satisfactory to all Lenders in their discretion in substitution for the Oil and Gas Properties sold pursuant to the provisions of this Section 12(r).
Sale of Certain Assets. Borrower shall use its best efforts to sell within 36 months after the Closing Date the assets and businesses listed on Schedule 6.13 hereof ("Permitted Dispositions"), the terms and conditions of which shall be subject to Lender's approval. 6.14. LEASES:
Sale of Certain Assets. Notwithstanding the Existing Events of Default, the Borrower may sell (i) the assets described on Schedule B attached hereto to Sygma Network, Inc. so long as such assets are not sold for less than the fair market value thereof and (ii) terminate any leases with respect to trailer equipment leased by Borrower and sell at not less than fair market value any trailer equipment owned by Borrower which is no longer useful in its operations. Any proceeds from such sale shall be paid to the Bank to be applied against the outstanding Revolving Credit Advances. For avoidance of doubt, no event of default shall have occurred under the Loan Documents if the termination of such leases results in a violation of the Capital Expenditure limit set forth in Section 12.4 of the Loan Agreement or the limitation on operating lease payments set forth in Section 12.5 of the Loan Agreement.
Sale of Certain Assets. An amount equal to the net proceeds in excess of $2,000,000 (in any fiscal year) realized from the sale of assets (other than real Property acquired after the date hereof and other than the Covington, Louisiana plant of a Subsidiary of U.S. Borrower which is held for sale as of the date hereof) outside of the ordinary course of business by U.S. Borrower or any of its Subsidiaries shall be applied as a prepayment on the Term Loans within forty-five (45) days after the receipt of such proceeds by U.S. Borrower or its applicable Subsidiary. An amount equal to the net proceeds in excess of $3,000,000 (in any fiscal year) realized from the sale of real Property acquired after the date hereof (other than the Covington, Louisiana plant of a Subsidiary of U.S. Borrower which is held for sale as of the date hereof) by U.S. Borrower or any of its Subsidiaries shall be applied as a prepayment on the Term Loans within forty-five (45) days after the receipt of such proceeds by U.S. Borrower or its applicable Subsidiary. Each such prepayment shall be applied ratably to the Term Notes (based on outstanding principal balances) and shall be applied to scheduled principal installments in inverse order of their maturities.
Sale of Certain Assets. 3.1. CRCP agrees to sell to NYCH all of its right, title and interest in and to all assets installed in or on the Property, including without limitation all in-place main and side track devices appurtenant thereto, track materials, wires, pipes, conduits, poles, guys, structures, buildings, signals and bridges located on the Property, as of the date of execution of this Agreement, and all spare parts and special tools necessary for operation and maintenance of such assets owned by CRCP on the date of execution of this Agreement, and specifically excluding any interest in the real property, including but not limited to those items specified in the attached Exhibit E all of which shall hereinafter be refereed to as the "Assets".'
Sale of Certain Assets. 42 SECTION 5.19. RELEASE OF GUARANTY OF INGRAM MICRO, INC...............42 SECTION 5.20. REAL PROPERXX XXXURANCE................................42 SECTION 5.21. SALES AND USE TAX......................................42
Sale of Certain Assets. Prior to the Closing, the Company shall sell all assets related to the kitchen and lunchroom at its Peabody, Massachusetts office (including, without limitation, the stove, oven, refrigerator and any similar equipment) and terminate all employment agreement(s) with personnel working in any food service capacity.
Sale of Certain Assets. The Borrower shall ensure that the net proceeds of any sale, lease or other transfer of any of the assets of or shares of the following entities shall be deposited with and remain the property of a Loan Party: Brigus Gold, Inc., Linear Gold Holdings Corp., Linear Gold Mexico, S.A de C.V., Linear Gold Mineracao Ltda., Servicios Ixhuatan, S.A. de C.V. and Linear Gold Caribe, S.A.
