Common use of Sale or Discount of Receivables Clause in Contracts

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 7 contracts

Samples: Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Itc Deltacom Inc), Credit Agreement (Pinnacle Holdings Inc)

AutoNDA by SimpleDocs

Sale or Discount of Receivables. The Borrower shall not, not and shall not permit the Parent or any Subsidiary of the Borrower to, directly to sell with recourse or indirectly sell, with or without recourse, for discount or otherwiseotherwise sell for less than the face value thereof, any of its notes or accounts receivable.

Appears in 6 contracts

Samples: Credit Agreement (Gold Kist Inc), Credit Agreement (Gold Kist Inc), Credit Agreement (Gold Kist Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Restricted Subsidiary of the Borrower to, directly or indirectly sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 4 contracts

Samples: Credit Agreement (Clear Channel Communications Inc), Credit Agreement (Clear Channel Communications Inc), Credit Agreement (Ccci Capital Trust Iii)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower its Subsidiaries to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 4 contracts

Samples: Credit Agreement (Club Corp International), Security Agreement (Pillowtex Corp), Credit Agreement (Club Corp International)

Sale or Discount of Receivables. The Except for Permitted Discount Receivable Sales, Borrower shall not, and nor shall not it permit the Parent or any Subsidiary of the Borrower its Subsidiaries to, directly or indirectly sellindirectly, sell with or without recourse, for or discount or otherwiseotherwise sell for less than the face value thereof, any of its notes or accounts receivable.

Appears in 3 contracts

Samples: Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary to, discount or sell with recourse, or sell for less than the greater of the Borrower to, directly face or indirectly sell, with or without recourse, for discount or otherwisemarket value thereof, any of their notes receivable or accounts receivable.

Appears in 2 contracts

Samples: Subordinated Loan Agreement (Sierra Well Service Inc), Senior Loan Agreement (Sierra Well Service Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower to, directly to discount or indirectly sell, sell (with or without recourse, for discount or otherwise, ) any of its notes receivable or accounts receivable.

Appears in 2 contracts

Samples: Credit Agreement (Atlas America Inc), Credit Agreement (Resource America Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 2 contracts

Samples: Credit Agreement (Metro Networks Inc), Credit Agreement (Texas Industries Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower this Subsidiaries to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivablereceivable other than in the ordinary course of business consistent with such practices of the Borrower prior to the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Uk Abba Products Inc)

Sale or Discount of Receivables. The Borrower shall not, and ------------------------------- shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivablereceivable other than in the ordinary course of business consistent with such practices of the Borrower prior to the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Doskocil Manufacturing Co Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Power One Inc)

Sale or Discount of Receivables. The Borrower shall not, ------------------------------- and shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivableAccounts other than pursuant to the Securitization.

Appears in 1 contract

Samples: Credit Agreement (Compucom Systems Inc)

Sale or Discount of Receivables. The Borrower Borrowers shall not, and shall not permit the Parent or any Subsidiary of the Borrower their Subsidiaries to, directly or indirectly sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Pacific Gateway Exchange Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower its Restricted Subsidiaries to, directly or indirectly sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Sun Healthcare Group Inc)

Sale or Discount of Receivables. The Borrower shall not, and nor shall not it permit the Parent or any Subsidiary of the Borrower its Subsidiaries (other than Foreign Subsidiaries) to, directly discount or indirectly sell, sell (with or without recourse, for discount or otherwise, ) any of its notes receivable or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

AutoNDA by SimpleDocs

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Restricted Subsidiary of the Borrower to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.,

Appears in 1 contract

Samples: Credit Agreement (Netcom Systems Inc)

Sale or Discount of Receivables. The Borrower shall not, ------------------------------- and shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivablereceivable other than in the ordinary course of business consistent with such practices prior to the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Xircom Inc)

Sale or Discount of Receivables. The Borrower shall will not, and shall will not ------------------------------- permit the Parent or any Subsidiary of the Borrower its Subsidiaries to, directly or indirectly sellindirectly, sell with or without recourse, for or discount or otherwise, otherwise sell any of its notes or accounts receivable.

Appears in 1 contract

Samples: Loan Agreement (Summa Industries)

Sale or Discount of Receivables. The Borrower Borrowers shall not, and shall not permit the Parent or any Subsidiary of the Borrower their Subsidiaries to, directly or indirectly sell, with or without recourse, for discount or otherwise, any notes notes, contracts, or accounts receivablereceivable except as the Lenders may approve in their sole discretion.

Appears in 1 contract

Samples: Credit Agreement (Pacific Gateway Exchange Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Telco Communications Group Inc)

Sale or Discount of Receivables. The Borrower shall not, and ------------------------------- shall not permit the Parent or any Subsidiary of the Borrower its Subsidiaries to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivable.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivableEligible Accounts.

Appears in 1 contract

Samples: Credit Agreement (Pc Service Source Inc)

Sale or Discount of Receivables. The Borrower shall not, and shall not permit the Parent or any Subsidiary of the Borrower its Subsidiaries to, directly or indirectly indirectly, sell, with or without recourse, for discount or otherwise, any notes or accounts receivable, other than sales of overdue accounts in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.