Common use of Prohibition on Sale of Assets Clause in Contracts

Prohibition on Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any of the Project property or assets whether now owned or acquired in the future, except (a) obsolete or worn out property or equipment no longer necessary in the ordinary course of the Project's business, or (b) property disposed of in the ordinary course of the Project's business for adequate consideration.

Appears in 2 contracts

Samples: Reimbursement Agreement (Sterigenics International), Reimbursement Agreement (Sterigenics International)

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Prohibition on Sale of Assets. Sell, lease, assign, ----------------------------- transfer or otherwise dispose of any of the Project property or assets whether now owned or acquired in the future, except (a) obsolete or worn out property or equipment no longer necessary in the ordinary course of the Project's business, or (b) property disposed of in the ordinary course of the Project's business for adequate consideration.

Appears in 1 contract

Samples: Reimbursement Agreement (Provena Foods Inc)

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