Common use of Limitation on Sales of Property Clause in Contracts

Limitation on Sales of Property. Borrower will not sell, transfer, lease, exchange, alienate or dispose of any of its assets except as follows (and the following exceptions shall be subject to any limitations contained in the Security Documents):

Appears in 3 contracts

Samples: Credit Agreement (St Lawrence Seaway Corp), Credit Agreement (Carbon Energy Corp), Credit Agreement (Kodiak Oil & Gas Corp)

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Limitation on Sales of Property. Borrower will not sell, transfer, lease, exchange, alienate or dispose of any of its assets the oil and Gas Interests of Borrower or any rights or interests relating thereto except as follows (and the following exceptions shall be subject to any limitations contained in the Security Documents):

Appears in 1 contract

Samples: Credit Agreement (Pyr Energy Corp)

Limitation on Sales of Property. Borrower will not sell, transfer, lease, exchange, alienate or dispose of any of its assets Borrowing Base Properties except as follows (and the following exceptions shall be subject to any limitations contained in the Security Documents):

Appears in 1 contract

Samples: Credit Agreement (Basin Exploration Inc)

Limitation on Sales of Property. Borrower will not (and will not permit any of the other Obligated Persons to) sell, transfer, lease, exchange, alienate or dispose of any of its the assets of Borrower (or such other Obligated Person) except as follows (and the following exceptions shall be subject to any limitations contained in the Security Documents):

Appears in 1 contract

Samples: Credit Agreement (Columbus Energy Corp)

Limitation on Sales of Property. No Borrower will not sell, transfer, lease, exchange, alienate or dispose of any of its assets except as follows (and the following exceptions shall be subject to any limitations contained in the Security Documents):

Appears in 1 contract

Samples: Credit Agreement (Hawker Energy, Inc.)

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Limitation on Sales of Property. Borrower will not sell, transfer, lease, exchange, alienate or dispose of any of its assets the Collateral or any of the Borrowing Base Properties except as follows (and the following exceptions shall be subject to any limitations contained in the Security Documents):): (1) equipment which is replaced by equipment of equal suitability and value, which is salvaged from xxxxx which have been plugged and abandoned by or on behalf of Borrower or which is no longer necessary in connection with Borrower's business;

Appears in 1 contract

Samples: Credit Agreement (Infinity Inc)

Limitation on Sales of Property. Borrower will not sell, ------------------------------- transfer, lease, exchange, alienate or dispose of any of its the assets of Borrower except as follows (and the following exceptions shall be subject to any limitations contained in the Security Documents):

Appears in 1 contract

Samples: Credit Agreement (Pennaco Energy Inc)

Limitation on Sales of Property. Borrower will not sell, transfer, lease, exchange, alienate or dispose of any of its the assets included in the Borrowing Base Properties except as follows (and the following exceptions shall be subject to any limitations contained in the Security Documents):

Appears in 1 contract

Samples: Credit Agreement (Carbon Energy Corp)

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