Common use of Sale of Accounts Clause in Contracts

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, with an aggregate outstanding principal amount (in the case of notes) and an aggregate outstanding face amount (in the case of accounts receivable) in excess, for all such sales and other dispositions on or after the date hereof of $150,000,000 at any time and from time to time outstanding.

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivableAccounts, with or without recourse, with except for Accounts which are past due in an aggregate outstanding principal amount not exceeding $1,000,000 for each of the Borrower's Fiscal Years placed with a collection agent for collection at a commission not exceeding twenty percent (in 20%) of the case amount of notes) and an aggregate outstanding face amount (in the case of accounts receivable) in excess, for all such sales and other dispositions on notes or after the date hereof of $150,000,000 at any time and from time to time outstandingAccounts recovered.

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, with except for accounts which are past due in an aggregate outstanding principal amount not exceeding $3 million for each of the Company's fiscal years placed with a collection agent for collection at a commission not exceeding twenty percent (in 20%) of the case amount of notes) and an aggregate outstanding face amount (in the case of such notes or accounts receivable) in excess, for all such sales and other dispositions on or after the date hereof of $150,000,000 at any time and from time to time outstandingrecovered.

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivableAccounts, with or without recourse, with except for Accounts which are past due in an aggregate outstanding principal amount not exceeding three hundred thousand dollars (in $300,000) for each of the case Borrower's fiscal years placed with a collection agent for collection at a commission not exceeding forty-five percent (45%) of notes) and an aggregate outstanding face the amount (in the case of accounts receivable) in excess, for all such sales and other dispositions on notes or after the date hereof of $150,000,000 at any time and from time to time outstandingAccounts recovered.

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse, with except for accounts which are past due in an aggregate outstanding principal amount not exceeding $2 million for each of the Company's fiscal years placed with a collection agent for collection at a commission not exceeding twenty percent (in 20%) of the case amount of notes) and an aggregate outstanding face amount (in the case of such notes or accounts receivable) in excess, for all such sales and other dispositions on or after the date hereof of $150,000,000 at any time and from time to time outstandingrecovered.

Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivablereceivable arising in the ordinary course of business on terms customary in the trade and which are due within 120 days after the invoice date, with or without recourse, with in an aggregate outstanding principal amount (that exceeds $150,000,000 in the case of notes) and an aggregate outstanding face amount (in the case of accounts receivable) in excess, for all such sales and other dispositions on or after the date hereof of $150,000,000 at any time and from time to time outstanding.