Common use of Sale or Discount of Receivables Clause in Contracts

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivable.

Appears in 26 contracts

Samples: Credit Agreement (Matador Resources Co), Credit Agreement (National Energy Group Inc), Credit Agreement (Arena Resources Inc)

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Sale or Discount of Receivables. Neither None of the Borrower nor Borrower, any Guarantor or any Restricted Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivable.

Appears in 8 contracts

Samples: Credit Agreement (Buckeye GP Holdings L.P.), Credit Agreement (Buckeye Partners L P), Bridge Loan Agreement (Buckeye Partners L P)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivablereceivable (other than a settlement on an account receivable in the ordinary course of business).

Appears in 7 contracts

Samples: Credit Agreement (Crimson Exploration Inc.), Credit Agreement (Contango Oil & Gas Co), Credit Agreement (Crimson Exploration Inc.)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivablereceivable (excluding any discounts of gate rates provided in the ordinary course of business and settlement of past due amounts in the ordinary course of business and in accordance with prudent commercial practice).

Appears in 7 contracts

Samples: Revolving Credit Agreement (Wca Waste Corp), Credit Agreement (Wca Waste Corp), Credit Agreement (Wca Waste Corp)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivable.

Appears in 5 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will discount or sell (with recourse, or without recourse) sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivable.

Appears in 2 contracts

Samples: Credit Agreement (Atwood Oceanics Inc), Credit Agreement (Atwood Oceanics Inc)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivablereceivable (other than in settlement of any past due accounts in the ordinary course of business and in accordance with prudent commercial practices).

Appears in 2 contracts

Samples: Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary of its Subsidiaries will discount or sell (with or without recourse) any of its notes receivable or accounts receivablereceivable except in connection with Working Capital Loans.

Appears in 1 contract

Samples: Asset Purchase Agreement (Amedisys Inc)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will of its Subsidiaries shall discount or sell (with or without recourse) any of its notes receivable receivables or accounts receivable.

Appears in 1 contract

Samples: Construction and Term Loan Agreement (Rex Stores Corp)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivable, except in the ordinary course of business.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (BRL Universal Equipment Corp)

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Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary of its Restricted Subsidiaries will discount or sell (with or without recourse) any of its notes receivable or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Ocean Energy Inc)

Sale or Discount of Receivables. Neither the US Borrower nor any Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivable, except in the ordinary course of business.

Appears in 1 contract

Samples: Revolving Credit Agreement (Universal Compression Inc)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary of its Subsidiaries will discount or sell (with or without recourse) any of its notes receivable or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Flores & Rucks Inc /De/)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivablereceivable other than settlement of any past due accounts in the ordinary course of business and in accordance with prudent commercial practices.

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

Sale or Discount of Receivables. Neither the Borrower nor any Subsidiary Guarantor will discount or sell (with or without recourse) any of its notes receivable or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (New Stat Healthcare Inc)

Sale or Discount of Receivables. Neither the Parent Company, the Borrower nor any Subsidiary of its Subsidiaries will discount or sell (with or without recourse) any of its notes receivable or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Queen Sand Resources Inc)

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