Common use of Sale or Discount of Receivables Clause in Contracts

Sale or Discount of Receivables. Except to minimize losses on bona fide debts previously contracted, discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivable.

Appears in 17 contracts

Samples: Term Loan Agreement (Royale Energy Holdings, Inc.), Credit Agreement (Stratum Holdings, Inc.), Credit Agreement (Cross Border Resources, Inc.)

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Sale or Discount of Receivables. Except to minimize losses on bona fide debts previously contracted, discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivableAccounts.

Appears in 5 contracts

Samples: Loan Agreement (Amsurg Corp), Loan Agreement (Amsurg Corp), Loan Agreement (Amsurg Corp)

Sale or Discount of Receivables. Except to minimize losses on bona fide debts previously contracted, discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivable, or permit any of its Subsidiaries to do so.

Appears in 3 contracts

Samples: Credit Agreement (Swift Energy Co), Possession Credit Agreement (Swift Energy Co), Possession Credit Agreement (Swift Energy Co)

Sale or Discount of Receivables. Except to minimize losses on bona fide debts previously contracted, discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes Note receivable or accounts receivable.

Appears in 2 contracts

Samples: Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Harken Energy Corp)

Sale or Discount of Receivables. Except to minimize losses on bona fide debts previously contracted, discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivableaccounts.

Appears in 2 contracts

Samples: Loan Agreement (Cooker Restaurant Corp /Oh/), Credit Agreement (National Health Realty Inc)

Sale or Discount of Receivables. Except to minimize losses on bona fide debts previously contracted, discount Discount or sell with recourse, or 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 (PHX Minerals Inc.), Credit Agreement (Panhandle Oil & Gas Inc)

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Sale or Discount of Receivables. Except Borrower will not, except to minimize losses on bona fide debts previously contracted, discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivable.

Appears in 1 contract

Samples: Loan Agreement (Gainsco Inc)

Sale or Discount of Receivables. Except to minimize losses on bona fide debts previously contracted, discount or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivablereceivable in excess of $25,000 in the aggregate.

Appears in 1 contract

Samples: Credit Agreement (International PetroReal Oil CORP)

Sale or Discount of Receivables. Except to minimize losses on bona fide debts previously contracted, discount discount, or sell with recourse, or sell for less than the greater of the face or market value thereof, any of its notes receivable or accounts receivable.

Appears in 1 contract

Samples: Loan Agreement (Corrections Corporation of America)

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