Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.
Appears in 22 contracts
Samples: Credit Agreement (Varco International Inc), Credit Agreement (Atlas Air Inc), Credit Agreement (Mitel Corp)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable; provided that Company and its Subsidiaries may sell or discount overdue accounts receivable in the ordinary course business, but only in connection with the compromise or collection thereof.
Appears in 7 contracts
Samples: Credit Agreement (Decrane Aircraft Holdings Inc), Credit Agreement (Decrane Holdings Co), Credit Agreement (Audio International Inc)
Sale or Discount of Receivables. Company Holdings shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.
Appears in 3 contracts
Samples: Credit Agreement (Atlas Air Worldwide Holdings Inc), Lease Agreement (Atlas Air Worldwide Holdings Inc), Credit Agreement (Optel Inc)
Sale or Discount of Receivables. The Company shall not, and shall not permit any of its Subsidiaries Subsidiary to, directly or indirectly, sell with recourse, recourse or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.
Appears in 3 contracts
Samples: Note Agreement (Gold Kist Inc), Note Agreement (Gold Kist Inc), Note Agreement (Gold Kist Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivablereceivable other than (i) in connection with trade discounts in the ordinary course of business and consistent with past practice, and (ii) in aid of collection.
Appears in 2 contracts
Samples: Credit Agreement (Petco Animal Supplies Inc), Credit Agreement (Petco Animal Supplies Inc)
Sale or Discount of Receivables. Each of Holdings and Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes receivable or accounts receivable.
Appears in 2 contracts
Samples: Credit Agreement (Dominicks Supermarkets Inc), Credit Agreement (Dominicks Supermarkets Inc)
Sale or Discount of Receivables. The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.
Appears in 2 contracts
Samples: Credit Agreement (Wellman North America Inc), Credit Agreement (Smartalk Teleservices Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell Accounts with recourse, or sell Accounts at a discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivableAccounts.
Appears in 2 contracts
Samples: Credit Agreement (Bell Industries Inc /New/), Credit Agreement (Bell Industries Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivablereceivable other than sales for collection of defaulted receivables over 120 days past due.
Appears in 2 contracts
Samples: Credit Agreement (FWT Inc), Credit Agreement (LTM Holdings Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable unless Company or such Subsidiary, as the case may be, receives fair value for such notes or accounts receivable, as determined in good faith by the board of directors of Company, and such notes or accounts receivable are sold without recourse in the ordinary course of business of Company or such Subsidiary.
Appears in 1 contract
Samples: Credit Agreement (Libbey Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivablereceivable other than such notes or accounts receivable sold for purposes of collection and for which reserves have been established under GAAP.
Appears in 1 contract
Samples: Credit Agreement (Price Communications Wireless Inc)
Sale or Discount of Receivables. Other than as permitted pursuant to subsection 7.1(vii) with respect to Company's Foreign Subsidiaries, Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.
Appears in 1 contract
Samples: Credit Agreement (Wavetek U S Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable, except in connection with the sale of all or substantially all of any line of business of the Company or its Subsidiaries, including Vision.
Appears in 1 contract
Sale or Discount of Receivables. The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable, except for past due accounts sold to collection agencies.
Appears in 1 contract
Samples: Credit Agreement (Oakley Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.
Appears in 1 contract
Samples: Credit Agreement (Pantry Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.
Appears in 1 contract
Samples: Credit Agreement (Urs Corp /New/)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable, except in connection with the sale of all or substantially all of any line of business of Company or its Subsidiaries.
Appears in 1 contract
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable, except for past due accounts sold to collection agencies.
Appears in 1 contract
Samples: Credit Agreement (Oakley Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable, other than the sale or discount without recourse of past due accounts receivable arising in the ordinary course of business in connection with the compromise or collection thereof.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Lincoln Electric Holdings Inc)
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivableAccounts.
Appears in 1 contract
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, sell with recourse, or discount (except discounts with the primary obligor of any accounts receivable) or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.
Appears in 1 contract
Sale or Discount of Receivables. The Company shall will not, and shall not nor will it permit any of its Subsidiaries to, directly discount or indirectly, sell with recourse, or discount or otherwise sell for less than the greater of the face value or Fair Market Value thereof, any of its notes receivable or accounts receivable.
Appears in 1 contract
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivablereceivable other than to the Company or any wholly owned Subsidiaries of Company.
Appears in 1 contract
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount discount, or otherwise sell for less than the face value thereof, thereof any of its notes or accounts receivable, other than in the ordinary course of business consistent with its past practices.
Appears in 1 contract
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.receivable other than to the Company or any wholly owned Subsidiaries of Company. 121
Appears in 1 contract
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its domestic notes or domestic accounts receivable.
Appears in 1 contract
Sale or Discount of Receivables. Company shall not, and shall not permit any of its Consolidated Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or notes, accounts receivable, contracts, leases or other receivables, other than pursuant to the Receivables Facilities.
Appears in 1 contract