Asset Dispositions, etc. The Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to, any material asset (including accounts receivable and capital stock of Principal Subsidiaries) to any Person, except:
Asset Dispositions, etc. The Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, lease, contribute or otherwise convey, or grant options, warrants or other rights with respect to, all or any part of its assets, whether now owned or hereafter acquired (including accounts receivable and Capital Stock of Subsidiaries) to any Person, unless
Asset Dispositions, etc. The Company will not, and will not permit any of its Subsidiaries to, sell, transfer, lease, contribute or otherwise convey, or grant options, warrants or other rights with respect to, all or any substantial part of its assets (including accounts receivable and capital stock of Subsidiaries) to any Person, unless
Asset Dispositions, etc. The Borrower shall, within two Business Days after it receives any Net Proceeds of any Asset Disposition, other than Asset Dispositions constituting either Fiber or Conduit Sales expressly permitted to be consummated in accordance with CLAUSE (E) of SECTION 9.8, proceeds of any Insurance Recovery or proceeds of or resulting from eminent domain, condemnation or similar proceedings (whether the same relate to the Collateral, the Real Estate Assets or other Property) aggregating in excess of $[*] during any period of 12 consecutive months or less (the aggregate amount of all such Net Proceeds or proceeds exceeding $[*] received during any such period are herein called the "EXCESS PROCEEDS AMOUNT"), pay to the Administrative Agent, as a prepayment of the Loans (which prepayment shall be without premium or penalty except as may be provided pursuant to SECTION 4.5), an aggregate amount equal to the Excess Proceeds Amount; PROVIDED, HOWEVER, that (i) no such prepayment will be required if and to the extent that the Excess Proceeds Amount is under binding contract to be re-invested in productive assets used in the ordinary course of the Borrower's or its Subsidiary's (as applicable) business within [*] days of the receipt of such Excess Proceeds Amount and is, in fact, so re-invested within [*] days of the receipt of such Excess Proceeds Amount, (ii) the Excess Proceeds Amount shall be deposited into a cash collateral account held by the Administrative Agent pursuant to an agreement in form and substance satisfactory to the Administrative Agent until such time as such amount (exclusive of any interest accrued thereon) is either re-invested within such [*] day period or applied to the Loans or other Obligations as provided in this SECTION 2.7, and (iii) if, at the time of any such required prepayment, any Eligible Secured Debt is outstanding, then the Excess Proceeds Amount may be paid to the Collateral Agent (as opposed to the Administrative Agent) and distributed pro rata to the Administrative Agent and the holders of the Eligible Secured Debt (or their representatives) for application to the Loans or other Obligations and to such Eligible Secured Debt in accordance with the Collateral Agency Agreement.
Asset Dispositions, etc. Each of the Borrower and each Parent Guarantor will not, and will not permit any of their respective Subsidiaries to, sell, transfer, lease, contribute or otherwise convey, or grant options, warrants or other rights with respect to, all or any part of its assets, whether now owned or hereafter acquired (including accounts receivable and Capital Stock of Subsidiaries) to any Person, unless:
Asset Dispositions, etc. The Borrower will not, and will not permit any Subsidiary to, sell, lease, transfer or otherwise dispose of any assets, including the disposition of the stock of any Subsidiary and including any Sale and Lease-Back Transaction (collectively, a "Disposition"), in one or a series of transactions to any Person other than the Borrower or a Majority-Owned Subsidiary, other than:
Asset Dispositions, etc. Subject to the definition of Change of Control, each of the Borrowers will not, and will not permit any of its respective Subsidiaries to, Dispose of all or any part of its assets, whether now owned or hereafter acquired (including accounts receivable and Capital Securities of Subsidiaries) to any Person, unless
Asset Dispositions, etc. The Borrower will, within two Business Days after any Loan Party receives any Net Proceeds of any Asset Disposition, proceeds of any Insurance Recovery or proceeds of condemnation awards aggregating in excess of $250,000 during any period of 12 consecutive months or less (the amount of such proceeds exceeding $250,000 received during any such period are herein called the "Excess Proceeds Amount"), pay to the Administrative Agent, as a prepayment of the Loans, an aggregate amount equal to the Excess Proceeds Amount; provided, however, that no such prepayment will be required if and to the extent that the Excess Proceeds Amount is fully re-invested in productive assets used in the ordinary course of such Loan Party's business within 60 days of the receipt of such Excess Proceeds Amount or, if and to the extent that such Excess Proceeds Amount has been, prior to the expiration of such 60 day period, deposited into a cash collateral account held by the Administrative Agent pursuant to an agreement in form and substance satisfactory to the Administrative Agent, within 120 days of the receipt of such Excess Proceeds Amount; provided, further, however, that the Excess Proceeds Amount (or portion thereof) not so re-invested within 60 days of the receipt thereof shall be deposited into a cash collateral account held by the Administrative Agent pursuant to an agreement in form and substance satisfactory to the Administrative Agent until such time as such amount is either re-invested within 120 days of the receipt thereof or applied to the Loans or other Obligations as provided in this Section 2.7.
Asset Dispositions, etc. It shall not sell, transfer, lease or otherwise dispose of, or grant options, warrants or other rights with respect to, any of its assets (including any capital stock or Indebtedness of any Person), (each an “Asset Disposition”) except:
Asset Dispositions, etc. Subject to Section 9.5, the Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to all or substantially all of the assets of (a) the Borrower or (b) the Subsidiaries of the Borrower, taken as a whole except sales of assets between or among the Borrower and Subsidiaries of the Borrower.
