Except for Permitted Transfers. Borrower shall not, and shall not allow any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assets.
Appears in 2 contracts
Samples: Loan and Security Agreement (Codiak BioSciences, Inc.), Loan and Security Agreement (Petros Pharmaceuticals, Inc.)
Except for Permitted Transfers. Borrower shall not, and shall not allow any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assets, or permit any of its Subsidiaries to do so.
Appears in 2 contracts
Samples: Loan and Security Agreement (Quatrx Pharmaceuticals Co), Loan and Security Agreement (Quatrx Pharmaceuticals Co)
Except for Permitted Transfers. Borrower shall not, and shall not allow any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assets.. 7.9
Appears in 1 contract
Samples: Loan and Security Agreement (G1 Therapeutics, Inc.)
Except for Permitted Transfers. Borrower shall not, not and shall not allow permit any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assets.
Appears in 1 contract
Except for Permitted Transfers. Borrower shall not, and shall not allow any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in (a) any material portion of its assets, (b) any material portion of the assets of any Project, or (c) any equity interests it holds in any Qualified Subsidiary.
Appears in 1 contract
Except for Permitted Transfers. Borrower shall not, and shall not allow permit any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assetsassets (including Cash).
Appears in 1 contract
Samples: Loan and Security Agreement (Seres Therapeutics, Inc.)
