Permitted Asset Sale

Permitted Asset Sale. An Asset Sale, in the case of clauses (i), (ii) and (v) below, in which no less than 75% of the consideration therefor is paid in cash at the closing thereof and in which; (i) whether in any single transaction or series of related transactions, the assets being transferred therein have a Fair Market Value of less than $1,000,000 in the aggregate and together with all other Asset Sales (other than the Permitted Asset Sales set forth in clauses (iv) and (v) below) from the date hereof... having not more than a Fair Market Value of $2,000,000; (ii) the sale or lease of products, services or accounts receivable by the Companies or any Subsidiary in the ordinary course of business and any sale or other disposition of damaged, worn-out, replaced or obsolete assets by the Companies or any Subsidiary in the ordinary course of business, in each case, as approved by the Board of Directors; (iii) a transfer of assets by the Companies or any Subsidiary to a Company or any U.S. Subsidiary. (iv) the sale or transfer of all or a portion of the assets, including the sale of the Equity Interests of Subsidiaries of the Parent, comprising the "Europe/Middle East/Asia (EMEA) Division" of the Parent and its Subsidiaries; (v) the sale or transfer of all or a portion of the assets, including the sale of the Equity Interests of Subsidiaries of the Parent, comprising the Cedara Software Division; (vi) Asset Sales consented to in writing by the Required Holders; and View More

Permitted Asset Sale. A directed sale of assets in connection with a foreclosure of such assets pursuant to the Senior Loan Documentation.