Transfers of Property. Except as permitted under Section 6.7(a), the Company will not, and will not permit any Restricted Subsidiary to, sell, lease as lessor, transfer or otherwise dispose of any Property (including, without limitation, Restricted Subsidiary Stock) (collectively, "Transfers"), except: (i) Transfers from a Restricted Subsidiary to the Company or to a Wholly-Owned Restricted Subsidiary; (ii) any other Transfer at any time of any Property to a Person, other than an Affiliate, for an Acceptable Consideration, if each of the following conditions would be satisfied with respect to such Transfer: (A) the result of (1) the sum of (aa) the current book value of such Property, plus
Appears in 3 contracts
Sources: Note Purchase Agreement (Credit Acceptance Corporation), Note Purchase Agreement (Credit Acceptance Corporation), Note Purchase Agreement (Credit Acceptance Corporation)
Transfers of Property. Except as permitted under Section 6.7(a)6.7, the Company will not, and will not permit any Restricted Subsidiary to, sell, lease as lessor, transfer or otherwise dispose of any Property (including, without limitation, Restricted Subsidiary Stock) (collectively, "Transfers"), except:
(i) Transfers from a Restricted Subsidiary to the Company or to a Wholly-Owned Restricted Subsidiary;; and
(ii) any other Transfer at any time of any Property to a Person, other than an Affiliate, for an Acceptable Consideration, if each of the following conditions would be satisfied with respect to such Transfer:
(A) the result of
(1) the sum of (aa) the current book value of such Property, plus
Appears in 1 contract
Sources: Note Purchase Agreement (Credit Acceptance Corporation)