Document ID: 1006293

Text:
Asset Disposition means the sale, transfer, license, lease or other disposition of any Property (including any disposition of Ownership Interests) by any Loan Party (or the granting of any option or other right to do any of the foregoing), and any issuance of Ownership Interests by either Borrower to any Person or by any Subsidiary of either Borrower to any Person that is not a Borrower or any Whollyowned Subsidiary thereof. The term Asset Disposition shall not include (a) the sale of inventory or any other goods or property in the ordinary course of business, (b) any other transaction permitted pursuant to Section 7.5, (c) the writeoff, discount, sale or other disposition of receivables and similar obligations in the ordinary course of business and not undertaken as part of an accounts receivable financing transaction, (d) the disposition of any Hedge Agreement, (e) the disposition of Investments in cash or Cash Equivalents, (f) the transfer by any Loan Party of its assets to either Borrower or any other Loan Party, (g) the sale, transfer or other disposition of Property held in the TMSA Account, and (h) any sale, transfer or disposition of property for Net Cash Proceeds which, when taken collectively with the Net Cash Proceeds of any other such sale, transfer or disposition of property that were consummated (x) since the beginning of the calendar year in which such sale, transfer or disposition is consummated, do not exceed $1,000,000 and (y) on or after the Closing Date, do not exceed $2,500,000 .

Named Entities:
282
287
Principal
302
307
Principal

Tokenized Text:
Asset
Disposition
means
the
sale
,
transfer
,
license
,
lease
or
other
disposition
of
any
Property
(
including
any
disposition
of
Ownership
Interests
)
by
any
Loan
Party
(
or
the
granting
of
any
option
or
other
right
to
do
any
of
the
foregoing
)
,
and
any
issuance
of
Ownership
Interests
by
either
Borrower
to
any
Person
or
by
any
Subsidiary
of
either
Borrower
to
any
Person
that
is
not
a
Borrower
or
any
Whollyowned
Subsidiary
thereof
.
The
term
Asset
Disposition
shall
not
include
(
a
)
the
sale
of
inventory
or
any
other
goods
or
property
in
the
ordinary
course
of
business
,
(
b
)
any
other
transaction
permitted
pursuant
to
Section
7
.
5
,
(
c
)
the
writeoff
,
discount
,
sale
or
other
disposition
of
receivables
and
similar
obligations
in
the
ordinary
course
of
business
and
not
undertaken
as
part
of
an
accounts
receivable
financing
transaction
,
(
d
)
the
disposition
of
any
Hedge
Agreement
,
(
e
)
the
disposition
of
Investments
in
cash
or
Cash
Equivalents
,
(
f
)
the
transfer
by
any
Loan
Party
of
its
assets
to
either
Borrower
or
any
other
Loan
Party
,
(
g
)
the
sale
,
transfer
or
other
disposition
of
Property
held
in
the
TMSA
Account
,
and
(
h
)
any
sale
,
transfer
or
disposition
of
property
for
Net
Cash
Proceeds
which
,
when
taken
collectively
with
the
Net
Cash
Proceeds
of
any
other
such
sale
,
transfer
or
disposition
of
property
that
were
consummated
(
x
)
since
the
beginning
of
the
calendar
year
in
which
such
sale
,
transfer
or
disposition
is
consummated
,
do
not
exceed
$
1
,
000
,
000
and
(
y
)
on
or
after
the
Closing
Date
,
do
not
exceed
$
2
,
500
,
000
.