Common use of Clause 18 Clause in Contracts

Clause 18. 4.1 above does not apply to any sale, lease, transfer or other disposal: (a) made in the ordinary course of business of the disposing entity; (b) of assets in exchange for other assets comparable or superior as to type, value and quality; (c) where the higher of the market value or consideration receivable (when aggregated with the higher of the market value or consideration receivable for any other sale, lease, transfer or other disposal, other than any permitted under paragraphs (a) to (b) above or (d) below) does not exceed US$500,000 during the lifetime of the Facility; or (d) the application of cash or money not otherwise prohibited under this Agreement.