Common use of No Disposition of Assets Clause in Contracts

No Disposition of Assets. Without the prior written consent of Lenders which shall not be unreasonably withheld, Borrower shall not directly or indirectly sell, lease (except any charter of a Pool Vessel or an Acquired Vessel permitted under the Mortgage), transfer, assign, abandon, exchange or otherwise relinquish possession or dispose of any part of the Collateral or any material portion of its other assets (other than Collateral or other assets that are obsolete or worn out, or equipment disposed of, if worn out, and replaced with equipment of the same or better quality and value, in the ordinary course of business).

No Disposition of Assets. Without the prior written consent of Lenders Lender, which shall not be unreasonably withheld, Borrower shall not directly or indirectly sell, lease (except any charter of a Pool Vessel for the Charter and the Storage Agreement or an Acquired Vessel as permitted under Section 1.15 of the Mortgage), transfer, assign, abandon, exchange or otherwise relinquish possession or dispose of any part of the Collateral or any material portion of its other assets (other than Collateral or other assets that are obsolete or worn out, or equipment disposed of, if worn out, and replaced with equipment of the same or better quality and value, in the ordinary course of business).

No Disposition of Assets. Without the prior written consent of Lenders Lender, which shall not be unreasonably withheld, Borrower shall not directly or indirectly sell, lease (except any charter for the Charter of a Pool Vessel Vessel, the COA or an Acquired Vessel as permitted under Section 1.15 of the Mortgage), transfer, assign, abandon, exchange or otherwise relinquish possession or dispose of any part of the Collateral or any material portion of its other assets (other than Collateral or other assets that are obsolete or worn out, or equipment disposed of, if worn out, and replaced with equipment of the same or better quality and value, in the ordinary course of business).

No Disposition of Assets. Without the prior written consent of Lenders (which shall not be unreasonably withheld), Borrower shall not directly or indirectly sell, lease (except any other than a charter of a Pool Vessel or an Acquired Vessel permitted under the Mortgage), transfer, assign, abandon, exchange or otherwise relinquish possession or dispose of any part of the Collateral or any material portion of its other assets (other than Collateral or other assets that are obsolete or worn out, or equipment disposed of, if worn out, and replaced with equipment of the same or better quality and value, in the ordinary course of business).