Ordinary Course Sales Sample Clauses

Ordinary Course Sales. Until an Event of Default, Borrower may sell Inventory in the ordinary course of business.
Sample 1Sample 2
Ordinary Course Sales. Any sale, transfer or lease --------------------- of inventory by any Borrower or any Subsidiary which is not a Borrower in the ordinary course of business;
Sample 1
Ordinary Course Sales. Until the occurrence of an Event of Default and thereafter until such time as Bank shall notify Borrowers of the revocation of such power and authority, Borrowers, except as may otherwise be required in the Agreement, at their own expense, (i) may operate in the ordinary course of their businesses, respectively, including the taking of such action with respect to such collection as the Bank may reasonably request, or in the absence of such request, as the Borrowers deem advisable.
Sample 1
Ordinary Course Sales. Hefner and Kerr are free to sell any or all Warrants or common sharex xx xhe Coxxxxy acquired on conversion of the Warrants, provided that, subject to section 4.2, in the event of a proposed sale by Hefner or Kerr of any Block, Yorkton Securities or such other investxxxx xealex xx may be designated by the Board from time to time will be afforded the first opportunity to sell such Block. If Yorkton Securities (or any other such designated dealer) cannot sell the Block on a timely basis and at a price acceptable to Hefner or Kerr, as the case may be, Hefner or Kerr will be entitled, xxxxxg in xxxd faith, to conclude a xxxx to a xxxrd party provided that such sale is not to a person, or one or more of a group of persons acting in concert, who is acquiring the Block in connection with a takeover bid other than in the circumstances described in sub-clause 4.2(b). If Hefner or Kerr does not provide Yorkton Securities (or any other sucx xxxxgnatxx xealer) with the first opportunity to sell the Block, he will, as a condition of such sale to a third party, require the third party purchaser to agree to be bound by the terms of this Agreement.
Sample 1
Ordinary Course Sales. Subject to restrictions imposed under applicable securities legislation or other agreements to which XXXX, Xxxxxxx or Xxxxx, as the case may be, may be a party, each of them is free to sell any or all of the shares of Xxxx owned by it or him from time to time by way of ordinary course sales through the facilities of such stock exchange or electronic trading facility as the shares of Xxxx may then trade. However, if any of them proposes to sell in excess of 200,000 shares of Xxxx at any time other than in the manner described above, they will, as a condition of such sale, require the purchaser to agree to be bound by the terms of this Agreement.
Sample 1
Ordinary Course Sales. Until the occurrence of an Event of Default, Borrower may sell and distribute Inventory to consumers in the ordinary course of business.
Sample 1
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Related to Ordinary Course Sales

  • Ordinary Course of Business The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Servicer;

  • OPERATION IN ORDINARY COURSE The Acquiring Fund and the Acquired Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include customary dividends and shareholder purchases and redemptions.

  • Ordinary Course The transactions contemplated by this Agreement and the other Basic Documents to which the Seller is a party are in the ordinary course of the Seller’s business.

  • Business in Ordinary Course (a) Except as may be required to obtain regulatory approvals or as otherwise may be required by any regulatory authority, after the date of this Agreement, Seller shall not, without the prior written consent of Buyer (which consent shall not be unreasonably withheld):

  • Conduct of Business in Ordinary Course Seller has conducted the business and operations of the Station only in the ordinary course and has not:

  • Regular Course of Business Each Seller Company shall (a) operate its business diligently and in good faith, consistent with past management practices; (b) maintain all of its properties in customary repair, order and condition, reasonable wear and tear excepted; (c) maintain (except for expiration due to lapse of time) all leases and Contracts in effect without change except as expressly provided herein; (d) comply with the provisions of all Regulations and Orders applicable to such Seller Company and the conduct of the Business; (e) not cancel, release, waive or compromise any debt, Claim or right in its favor having a value in excess of $5,000 other than in connection with returns of inventory for credit or replacement in the ordinary course of business; (f) not alter the rate or basis of compensation of any of its officers, directors, managers or employees other than in the ordinary course of business consistent with past practice and immaterial in amount or otherwise adopt or modify any Benefit Plan; (g) maintain insurance coverage up to the Closing Date with the coverage and in the amounts set forth in Schedule 2.24 attached hereto; (h) maintain inventory, supplies and spare parts at customary operating levels consistent with current practices, and replace in accordance with past practice any inoperable, worn out or obsolete assets with modern assets of comparable quality; (i) maintain each Seller Company’s books, accounts and records in accordance with past custom and practice as used in the preparation of the Financial Statements; (j) maintain in full force and effect the existence of all Business Intellectual Property rights; (k) use its reasonable best efforts to preserve the goodwill and organization of the Business and its relationships with its customers, suppliers, employees and other Persons having business relations with it; (l) not take or omit to take any action that would require disclosure under Section 2, or that would otherwise result in a breach of any of the representations, warranties or covenants made by Parent or Seller Companies in this Agreement or in any of the agreements contemplated hereby; (m) not sell any of such Seller Company’s assets other than in the ordinary course of business; and (n) not take any action or omit to take any action which act or omission would reasonably be anticipated to have a Material Adverse Effect.

  • Business in the Ordinary Course The Business shall be conducted solely in the ordinary course consistent with past practice.

  • Material Change in Business Seller shall not make any material change in the nature of its business as carried on at the date hereof.

  • No Control of Other Party’s Business Nothing contained in this Agreement shall give Parent, directly or indirectly, the right to control or direct the Company’s or its Subsidiaries’ operations prior to the Effective Time, and nothing contained in this Agreement shall give the Company, directly or indirectly, the right to control or direct Parent’s or its Subsidiaries’ operations prior to the Effective Time. Prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and its Subsidiaries’ respective operations.

  • Independent Activities; Transactions With Affiliates The Directors shall be required to devote such time to the affairs of the Company as may be necessary to manage and operate the Company, and shall be free to serve any other Person or enterprise in any capacity that the Director may deem appropriate in its discretion. Neither this Agreement nor any activity undertaken pursuant hereto shall (i) prevent any Member or Director or their Affiliates, acting on their own behalf, from engaging in whatever activities they choose, whether the same are competitive with the Company or otherwise, and any such activities may be undertaken without having or incurring any obligation to offer any interest in such activities to the Company or any Member, or (ii) require any Member or Director to permit the Company or Director or Member or its Affiliates to participate in any such activities, and as a material part of the consideration for the execution of this Agreement by each Member, each Member hereby waives, relinquishes, and renounces any such right or claim of participation. To the extent permitted by applicable law and subject to the provisions of this Agreement, the Directors are hereby authorized to cause the Company to purchase Property from, sell Property to or otherwise deal with any Member (including any Member who is also a Director), acting on its own behalf, or any Affiliate of any Member; provided that any such purchase, sale or other transaction shall be made on terms and conditions which are no less favorable to the Company than if the sale, purchase or other transaction had been made with an independent third party.

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