Limitation on Accounts Receivables Facilities. The Issuer and its Restricted Subsidiaries may sell, transfer or otherwise dispose of accounts receivable to a Securitization Subsidiary; provided that (i) the sale, transfer or other disposition is in connection with a Permitted Receivables Financing and (ii) the aggregate consideration received in each such sale, transfer or other disposition is at least equal to the fair market value of the receivables sold.
Appears in 6 contracts
Samples: Supplemental Indenture (Energizer Holdings, Inc.), Supplemental Indenture (Energizer Holdings, Inc.), Supplemental Indenture (Energizer Holdings, Inc.)
Limitation on Accounts Receivables Facilities. The Issuer and its Restricted Subsidiaries may sell, transfer or otherwise dispose of accounts receivable to a Securitization Subsidiary; provided that (i) the sale, transfer or other disposition is in connection with a Permitted Receivables Financing and (ii) the aggregate consideration received in each such sale, transfer or other disposition is at least equal to the fair market value Fair Market Value of the receivables sold.
Appears in 2 contracts
Samples: Indenture (Crocs, Inc.), Supplemental Indenture (Crocs, Inc.)
Limitation on Accounts Receivables Facilities. The Issuer Company and its Restricted Subsidiaries may sell, transfer or otherwise dispose of accounts receivable to a Securitization Subsidiary; provided that (i) the sale, transfer or other disposition is in connection with a Permitted Receivables Financing and (ii) the aggregate consideration received in each such sale, transfer or other disposition is at least equal to the fair market value of the receivables sold.
Appears in 2 contracts
Samples: Supplemental Indenture (Energizer Holdings, Inc.), Indenture (Energizer Holdings, Inc.)
Limitation on Accounts Receivables Facilities. The Issuer Company and its Restricted Subsidiaries may sell, transfer or otherwise dispose of accounts receivable to a Securitization Subsidiary; provided that (i) the sale, transfer or other disposition is in connection with a Permitted Receivables Financing Financing; and (ii) the aggregate consideration received in each such sale, transfer or other disposition is at least equal to the fair market value Fair Market Value of the receivables sold.
Appears in 1 contract
Samples: Indenture (Valaris LTD)
Limitation on Accounts Receivables Facilities. The Issuer Company and its Restricted Subsidiaries may sell, transfer or otherwise dispose of accounts receivable to a Securitization Subsidiary; provided that (i1) the sale, transfer or other disposition is in connection with a Permitted Receivables Financing Financing; and (ii2) the aggregate consideration received in each such sale, transfer or other disposition is at least equal to the fair market value of the receivables sold.
Appears in 1 contract
Samples: Indenture (Chesapeake Corp /Va/)
