Sales of Receivables. The Borrower will not, and will not cause or permit any of the Restricted Subsidiaries to, sell with recourse, discount or otherwise sell or dispose of its notes or accounts receivable, except for accounts receivable consisting of assets of an operating unit sold as a going concern in accordance with all other provisions of this Agreement.
Appears in 3 contracts
Samples: Debt Credit Agreement (Star Gas Partners Lp), Intercreditor and Trust Agreement (Star Gas Partners Lp), Intercreditor and Trust Agreement (Star Gas Partners Lp)
Sales of Receivables. The Borrower will not, and will not cause or permit any of the Restricted Subsidiaries to, sell with recourse, discount or otherwise sell or dispose of its notes or accounts receivable, except for accounts receivable consisting of assets of an operating unit sold as a going concern in accordance with all other provisions of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Firearms Training Systems Inc), Credit Agreement (Firearms Training Systems Inc)
Sales of Receivables. The Borrower will not, and will not -------------------- cause or permit any of the Restricted Subsidiaries to, sell with recourse, discount or otherwise sell or dispose of its notes or accounts receivable, except for accounts receivable consisting of assets of an operating unit sold as a going concern in accordance with all other provisions of this Agreement.
Appears in 1 contract
