SALES OF ACCOUNTS. The Borrower will not, nor will the Borrower permit any of its Subsidiaries to, sell, with or without recourse, or discount or otherwise sell for less than the face value thereof, any of their notes or accounts receivable except that the Borrower or any of its Subsidiaries may sell, without recourse, accounts receivable of individual account debtors that the Borrower or such Subsidiary reasonably and in good faith believes to be uncollectible or otherwise difficult to collect in the ordinary course of business so long as the aggregate face amount (less applicable reserves) of all such accounts receivable of the Borrower and its Subsidiaries so sold in any fiscal year of the Borrower does not exceed $500,000 (as to the Borrower and its Subsidiaries).
SALES OF ACCOUNTS. At all times during which the Company is not Investment Grade, the Company will not, and will not permit any of its Subsidiaries (other than Unrestricted Subsidiaries and Released Guarantors) to, sell with or without recourse, or discount or otherwise sell for less than the face value thereof, any of their notes or accounts receivable (or any portion thereof), except for compromises made in the ordinary course of business.
SALES OF ACCOUNTS. The Borrower will not, and will not permit any of its Subsidiaries to, enter into any securitization facilities involving any (a) accounts or general intangibles for money due or to become due, (b) chattel paper, instruments or documents creating or evidencing a right to payment of money or (c) other receivables.
SALES OF ACCOUNTS. No Customer will sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.
SALES OF ACCOUNTS. No Loan Party will sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.
SALES OF ACCOUNTS. 87 8.21 Interest Rate Protection........................................87 8.22
SALES OF ACCOUNTS. 67 9.14. NEGATIVE PLEDGES.....................................................................67 10.
SALES OF ACCOUNTS. 75 9.14. SYNTHETIC LEASES...........................................75 10.
SALES OF ACCOUNTS. 72 6.33. Subordination of Intercompany Notes.................................................................... 72 6.32.
SALES OF ACCOUNTS. 73 ARTICLE VII. DEFAULTS.......................................................................................... 73
