Sale of Accounts Receivable Sample Clauses

Sale of Accounts Receivable. Sell or otherwise dispose of any account receivable, including any sale or transfer to any Subsidiary of the Borrower, except that (a) any Subsidiary of the Borrower may sell or transfer any of its accounts receivable to the Borrower, (b) the Borrower or any Subsidiary of the Borrower may sell its accounts receivable in the ordinary course of business consistent with the Borrower's or such Subsidiaries' collection practices as in effect from time to time and not as part of a financing and (c) the Borrower or any Participating Subsidiary may sell or otherwise grant an interest in its Receivables to StoneSub, and StoneSub may sell or otherwise grant an interest in its Receivables to other Persons, in each case pursuant to the Accounts Receivable Financing Program. In addition to the foregoing, the Borrower or any Subsidiary eligible to be a Participating Subsidiary may directly sell interests in Receivables to a financial institution or other Person (whether on a revolving purchase basis or in a one-time transaction); provided, however, that all such sales shall be on terms (considered as a whole) not materially more onerous to the Borrower and the Lenders than those permitted for sales by StoneSub to the Issuer under the Receivables Financings in existence on the Closing Date; and provided further, that any such sales of receivables shall, for all other purposes of this Agreement, and regardless of the treatment thereof by the Borrower on its financial statements, be deemed to be an incurrence by the Borrower of Indebtedness for Money Borrowed in respect of the financing of the receivables involved and not as a sale of such receivables; and provided further, that the aggregate of the Indebtedness for Money Borrowed deemed to have been incurred and at any time outstanding pursuant to this sentence shall reduce on a dollar-for-dollar basis the aggregate principal amount of Indebtedness for Money Borrowed which StoneSub is permitted to have outstanding at any time under Section 5.2.2(p) pursuant to Receivables Financings. Notwithstanding anything in this Section to the contrary, S-CC and its Subsidiaries shall be permitted to dispose of any account receivable to the extent not prohibited by the S-CC Debt Documents.

Sale of Accounts Receivable. Except as permitted in Section 8.07, sell any of its accounts receivable, with or without recourse, except accounts receivable which are in default and uncollectible ("Delinquent Accounts"); provided, however, no more than $500,000.00 in Delinquent Accounts may be sold during any twelve (12) month period.

Sale of Accounts Receivable. The Borrower will not sell, otherwise dispose of or factor at maturity or collection, or permit any of its Subsidiaries to sell or otherwise dispose of, or factor at maturity or collection, any Accounts, except pursuant to the Receivables Purchase Facility to the extent permitted under the Intercreditor Agreement.

Sale of Accounts Receivable. Sell, discount, transfer, assign or otherwise dispose of any of its accounts receivable, notes receivable, installment or conditional sales agreements or any other of its rights to receive income or monies howsoever evidenced or permit Dutterer's so to do except pursuant to the Security Documents.

Sale of Accounts Receivable. Section 11.4(c) is hereby deleted and replaced with the following:

Sale of Accounts Receivable. Subject to the terms of this Agreement, Seller hereby sells, conveys, assigns and transfers to Purchaser, and Purchaser hereby purchases, all right, title and interest of Seller in and to all of Seller's patient and insurance accounts receivable (the "ACCOUNTS RECEIVABLE") (i) arising before the Effective Date and (ii) arising each month after the Effective Date during the term of the Services and Support Agreement.

Sale of Accounts Receivable. From the date hereof through the Closing Date, the Company may sell, transfer or assign on a non-recourse basis its Accounts Receivable solely for the purpose of eliminating, and to the extent necessary to eliminate, any and all Debt of the Company as of the Closing Date. The terms and conditions of any such sale, transfer or assignment on a non-recourse basis of Accounts Receivable shall be subject to and consistent with the terms and conditions set forth in the commitment letter obtained by the Company on or prior to the date hereof, a true, complete and correct copy of which has been previously delivered to, and found reasonably acceptable by, the Purchaser.

Sale of Accounts Receivable. Sell or permit any Subsidiary to sell any of its accounts receivable, with or without recourse except for (1) the sale of accounts receivable of Venture Stores, Inc. in the approximate amount of $129,000 at a sale price of approximately $52,000 and (2) the sale of accounts receivable from Wal-Mart, Inc.; provided, however, that the maximum face amount of sold accounts receivable of Wal-Mart, Inc. which may be outstanding at any time is twelve million dollars ($12,000,000); or 3. New section 8.20 is added to the Loan Agreement which shall read in its entirety as follows:

Sale of Accounts Receivable. No Loan Party party hereto will sell, discount, transfer, assign or otherwise dispose of any of its accounts receivable, notes receivable, installment or conditional sales agreements or any other of its rights to receive income or monies howsoever evidenced or permit any Subsidiary so to do; provided, however, that any Loan Party or any Restricted Subsidiary may Transfer Receivables to the Warehouse Subsidiaries pursuant to the Warehouse Receivables Purchase Agreements or to another Special Purpose Subsidiary in connection with a securitization thereof.