Common use of Sales, Etc Clause in Contracts

Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any Subsidiary of the Company to sell, lease, transfer or otherwise dispose of, any of its assets, other than the following sales: (i) sales of generating capacity to the Company's wholesale customers, (ii) sales of nuclear fuel, (iii) sales of accounts receivable, (iv) sales in connection with a transaction authorized by subsection (d) of this Section, (v) sales of investments in securities with a maturity of less than one year, or (vi) other sales not exceeding $250,000,000 in the aggregate in any fiscal year of the Company.

Appears in 4 contracts

Samples: Credit Agreement (Florida Progress Corp), Credit Agreement (Florida Progress Corp), Credit Agreement (Progress Energy Inc)

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Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any Subsidiary of the Company to sell, lease, transfer or otherwise dispose of, any of its assets, other than the following sales: (i) sales of generating capacity to the Company's wholesale customers, (ii) sales of nuclear fuel, (iii) sales of accounts receivable, (iv) sales in connection with a transaction authorized by subsection (d) of this Section, (v) sales of investments in securities with a maturity of less than one year, or (vi) other sales not exceeding $250,000,000 150,000,000 in the aggregate in any fiscal year of the Company.

Appears in 2 contracts

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

Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any Subsidiary of the Company to sell, lease, transfer or otherwise dispose of, any of its assets, other than the following sales: (i) sales of generating capacity to the Company's wholesale customerscustomers of the Borrower and the Subsidiaries, (ii) sales of nuclear fuel, (iii) sales of accounts receivable, (iv) sales in connection with a transaction authorized by subsection (d) of this Section, (v) sales of investments in securities with a maturity of less than one year, or (vi) other sales not exceeding $250,000,000 150,000,000 in the aggregate in any fiscal year of the CompanyBorrower.

Appears in 2 contracts

Samples: Credit Agreement (Florida Progress Corp), Cp&l Energy Inc

Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any Subsidiary of the Company to sell, lease, transfer or otherwise dispose of, any of its assets, other than the following sales: (i) sales of generating capacity to the Company's ’s wholesale customers, (ii) sales of nuclear fuel, (iii) sales of accounts receivable, (iv) sales in connection with a transaction authorized by subsection (d) of this Section, (v) sales of investments in securities with a maturity of less than one year, or (vi) other sales not exceeding $250,000,000 in the aggregate in any fiscal year of the Company.

Appears in 2 contracts

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

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Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any Subsidiary of the Company to sell, lease, transfer or otherwise dispose of, any of its assets, other than the following sales: (i) iA sales of generating capacity to the Company's wholesale customers, (ii) iiA sales of nuclear fuel, (iii) iiiA sales of accounts receivable, (iv) ivA sales in connection with a transaction authorized by subsection (d) of this Section, (v) vA sales of investments in securities with a maturity of less than one year, or (vi) viA other sales not exceeding $250,000,000 150,000,000 in the aggregate in any fiscal year of the Company.

Appears in 1 contract

Samples: Revolving Credit Agreement (Progress Energy Inc)

Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any Subsidiary of the Company to sell, lease, transfer or otherwise dispose of, any of its assets, other than the following sales: (i) i sales of generating capacity to the Company's wholesale customers, (ii) ii sales of nuclear fuel, (iii) iii sales of accounts receivable, (iv) iv sales in connection with a transaction authorized by subsection (d) of this Section, (v) v sales of investments in securities with a maturity of less than one year, or (vi) vi other sales not exceeding $250,000,000 150,000,000 in the aggregate in any fiscal year of the Company.

Appears in 1 contract

Samples: Revolving Credit Agreement (Progress Energy Inc)

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