Liquidation Sales. Tenant shall not conduct or permit to be conducted any auction, bankruptcy sale, liquidation sale, or going out of business sale, in, upon or about the Center, whether said auction or sale be voluntary, involuntary or pursuant to any assignment for the benefit of creditors, or pursuant to any bankruptcy or other insolvency proceeding.
Liquidation Sales. The determination by any Loan Party to employ an agent or other third party or otherwise engage any Person or solicit proposals for the engagement of any Person (i) in connection with the proposed liquidation all or a material portion of its assets, or (ii) to conduct any so-called liquidation or “Going-Out-Of-Business” sales;
Liquidation Sales. 69 Section 6.14. Receivables Agreement Documents...................................... 70 Section 6.15. Merchandise Returns.................................................. 70 Section 6.16. Investments, Loans and Advances...................................... 70 Section 6.17. Lease-Backs.......................................................... 71 Section 6.18. Transactions with Affiliates......................................... 71 Section 6.19. Business............................................................. 71 Section 6.20. ERISA................................................................ 71 Section 6.21. Accounting Changes................................................... 72 Section 6.22.
Liquidation Sales. Subject to compliance with Section 6.04, in the event the Borrower or any Guarantor conducts any liquidation, going out of business or similar Inventory sale with respect to stores comprising greater than five percent (5%) of the gross revenues of the Borrower and the Guarantors for the preceding 12 consecutive months, accept payment for any merchandise sold in connection with such liquidation, going out of business or similar Inventory sale in the form of a Receivable arising under any credit or charge arrangement currently maintained by the Borrower, CPS or NBGL ("GOB Receivables") unless at the time of such inventory sale, the Purchaser (as defined in the Receivables Agreement Documents) is continuing to purchase Credit Card Receivables including GOB Receivables for cash, Seller Notes and Subordinated Notes pursuant to the terms of the Receivables Agreement.
