Common use of Disposals Clause in Contracts

Disposals. The Borrower shall not, either in a single transaction or in a series of transactions, whether related or not or whether voluntary or involuntary, sell, transfer, grant or lease or otherwise dispose of all or a material part of its assets.

Appears in 4 contracts

Sources: Loan Agreement, Credit Facility Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

Disposals. The Borrower shall not, either in enter into a single transaction or in a series of transactions, transactions (whether related or not or not) and whether voluntary or involuntary, involuntary to sell, transferlease, grant or lease transfer or otherwise dispose of all or a material part any asset. This restriction does not apply to any disposal made with the express prior written consent of its assetsthe Lender.

Appears in 4 contracts

Sources: Term Loan Facility Agreement (Harmony Gold Mining Co LTD), Term Loan Facility Agreement (Harmony Gold Mining Co LTD), Term Loan Facility Agreement (Harmony Gold Mining Co LTD)

Disposals. 16.4.1 The Borrower shall not, either not in a single transaction or in a series of transactions, transactions (whether related or not or not) and whether voluntary or involuntary, involuntary sell, transferlease, grant or lease transfer or otherwise dispose of all or a any material part asset without the prior written consent of its assetsthe Lender.

Appears in 3 contracts

Sources: Single Currency Interim Revolving Working Capital Support Facility Agreement, Single Currency Interim Revenue Support Facility Agreement, Single Currency Interim Capital Support Facility Agreement

Disposals. The Borrower shall notnot sell, either in a single transaction lease, transfer or in a otherwise dispose of, by one or more transactions or series of transactions, transactions (whether related or not not), the whole or whether voluntary any part of its interest in the Vessel, the Earnings, the Insurances, the Earnings Accounts or involuntary, sell, transfer, grant or lease or the Intercompany Claims nor otherwise dispose of all or a material any substantial part of its assetsassets without the prior written consent of the Agent (on behalf of the Lenders).

Appears in 2 contracts

Sources: Term Loan Facility Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.)

Disposals. The Borrower shall not, not either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or whether voluntary or involuntaryinvoluntarily, sell, transfer, grant or a lease or otherwise dispose of or all or a material any part of its assetsassets exceeding 10% of Tangible Net Worth (as of the time of disposition) in any transaction or series of transactions. This paragraph shall not apply to: (i) disposals made in the ordinary course of business of the disposing entity: or (ii) disposals of assets in exchange for other assets comparable or superior as to type, value and quality.

Appears in 2 contracts

Sources: Syndicated Loan Agreement (New Fortress Energy LLC), Syndicated Loan Agreement (NFE Financial Holdings LLC)

Disposals. The Borrower shall not, either in not enter into a single transaction or in a series of transactions, transactions (whether related or not or not) and whether voluntary or involuntary, involuntary to sell, transfer, grant or lease transfer or otherwise dispose of all or a material part of its assetsany asset, except for any Permitted Disposal.

Appears in 2 contracts

Sources: Bridge Facility Agreement (Visteon Corp), Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Disposals. The Borrower shall not, either in a single transaction or in a series of transactions, transactions and whether related or not or whether voluntary or involuntarynot, sell, transfer, grant or lease or otherwise dispose of all or a material any part of its assetsassets except as contemplated by the Transaction Documents and the Other Transaction Documents.

Appears in 2 contracts

Sources: All Parties Agreement (Cit Group Inc), All Parties Agreement (Cit Group Inc)

Disposals. The Borrower shall not, must not either in a single transaction or in a series of transactions, transactions and whether related or not or whether voluntary or involuntarynot, sell, transfer, grant or lease or otherwise dispose of all or a any material part of its assets.

Appears in 2 contracts

Sources: Long Term Mezzanine Loan Agreement (Blue Sphere Corp.), Long Term Mezzanine Loan Agreement (Blue Sphere Corp.)

Disposals. The Borrower shall not, either in a single transaction or in a series of transactions, whether related or not or whether voluntary or involuntary, sell, transfer, grant grant, or lease or otherwise dispose of (whether by a single transaction or a number of related transactions and whether at the same time or over a period of time) all or a material any part of its assetsinterest in any Charged Asset.

Appears in 1 contract

Sources: Charge on Receivables (Eagle Geophysical Inc)

Disposals. 16.15.1 The Borrower shall not, not either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or whether voluntary or involuntaryinvoluntarily, sell, transfer, grant or lease or otherwise dispose of all or a material any part of its assets.

Appears in 1 contract

Sources: Senior Facility Agreement

Disposals. The Borrower shall not, either in enter into a single transaction or in a series of transactions, transactions (whether related or not or not) and whether voluntary or involuntary, involuntary to sell, transferlease, grant or lease transfer or otherwise dispose of all or a material part of its assetsany asset.

Appears in 1 contract

Sources: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Disposals. The Borrower shall not, either in whether by a single transaction or in a series number of transactions, whether related or not unrelated transactions and whether at the same time or whether voluntary or involuntaryover a period of time, sell, transfer, grant or lease out or otherwise dispose (in each case, a disposal) its interest in the Underlying Notes under the Underlying Subscription Agreement other than by way of all or a material part of its assetsPermitted Sale.

Appears in 1 contract

Sources: Facility Agreement (Ares Strategic Income Fund)

Disposals. The Borrower shall not, either in not enter into a single transaction or in a series of transactions, whether related or not and whether voluntarily or whether voluntary or involuntaryinvoluntarily, to sell, transfer, grant or lease assign, pledge, charter, discount or otherwise dispose of all or a material part any of its assetspresent and future business, undertaking, assets and revenues, including, but not limited to, its title, rights or interests in or to the Vessel or any equipment or any of the Borrower's Security (other than the Permitted Security Interests).

Appears in 1 contract

Sources: Pre Delivery Financing Agreement (Golar LNG LTD)

Disposals. The Borrower shall not, either in not enter into a single transaction or in a series of transactions, transactions (whether related or not or and whether voluntary or involuntary, ) to sell, transferlease, grant or lease transfer or otherwise dispose of all or a material part any of its assets.

Appears in 1 contract

Sources: Facility Agreement (First Solar, Inc.)

Disposals. The Borrower shall not, either in not enter into a single transaction or in a series of transactions, transactions (whether related or not or not) and whether voluntary or involuntary, involuntary to sell, transferlease, grant or lease transfer or otherwise dispose of all or a material part of its assetsany Security Asset.

Appears in 1 contract

Sources: Facility Agreement (Diodes Inc /Del/)

Disposals. The Borrower shall not, not either in a single transaction or in a series of transactions, whether related or not or whether voluntary or involuntarywithout the prior written consent of the Bank, sell, transfer, grant or lease or otherwise dispose of all of, or a material cease to exercise direct control over any part of its present or future assets, of value exceeding 10% of total book value of the Borrower; provided, that the foregoing shall not apply to sales of inventory by the Borrower in the ordinary course of business.

Appears in 1 contract

Sources: Committed Revolving Credit Facility (Century Aluminum Co)

Disposals. The Borrower shall not, either in a single transaction or in a series of transactions, transactions whether related or not or and whether voluntary or involuntary, sell, transfer, grant or lease or otherwise to dispose of all or a material part any asset except disposals: (a) made for market value in the ordinary course of its assetsthe ordinary trading business of the Borrower; or (b) made with the express written consent of the Lender.

Appears in 1 contract

Sources: Loan Agreement (Diversified Opportunities, Inc.)

Disposals. The Borrower shall will not, either in a single transaction or in a series of transactions, transactions whether related or not and whether voluntarily or whether voluntary or involuntaryinvoluntarily, attempt to sell, transfer, grant or lease or otherwise dispose of all or a material any part of its assetsthe Security.

Appears in 1 contract

Sources: Facility Agreement (Advance Nanotech, Inc.)

Disposals. The Borrower shall not, either in will not enter into a single transaction or in a series of transactions, transactions (whether related or not or not) and whether voluntary or involuntary, involuntary to sell, transferlease, grant or lease transfer or otherwise dispose of all or a material part of its assetsany asset.

Appears in 1 contract

Sources: Secured Term Loan Facility (DHT Holdings, Inc.)

Disposals. The Borrower shall not, either in not enter into a single transaction or in a series of transactions, transactions (whether related or not or and whether voluntary or involuntary, sell, transfer, grant or lease or otherwise ) to dispose of all or a material any part of its assetsany asset.

Appears in 1 contract

Sources: Loan Agreement

Disposals. The Borrower shall not, either in not enter into a single transaction or in a series of transactions, transactions (whether related or not or not) and whether voluntary or involuntary, involuntary to sell, transferlease, grant or lease transfer or otherwise dispose of all or a material part the Property without the prior written consent of its assetsthe Lender.

Appears in 1 contract

Sources: Facility Agreement

Disposals. The Borrower shall not, either in not Dispose of all or any part of its business or assets (or agree to do any of the foregoing) whether by a single transaction or in by a series number of transactions, transactions whether related or not, or permit a set-off (other than by operation of law or in respect of an agreement which is not a Major Project Document) or whether voluntary or involuntary, sell, transfer, grant or lease or otherwise dispose combination of all or a material part accounts (in respect of its assetsbook debts), except for any Permitted Disposal.

Appears in 1 contract

Sources: Loan Agreement (Ormat Technologies, Inc.)

Disposals. The Borrower shall not, either in not enter into a single transaction or in a series of transactions, transactions (whether related or not or not) and whether voluntary or involuntary, involuntary to sell, transferlease, grant or lease transfer or otherwise dispose of all or a material part of its assetsany asset otherwise than as contemplated under the Transaction Documents.

Appears in 1 contract

Sources: Facilities Agreement (Exide Corp)

Disposals. The Borrower shall not, either not in a single transaction or in a series of transactions, transactions (whether related or not or and whether voluntary or involuntary, ) sell, transferlease, grant or lease transfer or otherwise dispose of all any Material Asset without the prior written consent of the Lender unless the asset is to be replaced with a similar asset of equal or a material part of its assetshigher value.

Appears in 1 contract

Sources: Loan Agreement