Restrictions on Sale of Assets. Seller shall not sell, assign, transfer, lease, sublease, pledge or otherwise encumber or dispose of any of its properties or assets, except for the sale of inventory in the Ordinary Course of Business and at regular prices.
Restrictions on Sale of Assets. Seller shall not sell, assign, transfer, lease, sublease, pledge or otherwise encumber or dispose of any of the Assets except for the sale of inventory in the ordinary course of business and at regular prices.
Restrictions on Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any assets (including the capital Stock of any Subsidiary of Xxxxxxx Cable) other than:
Restrictions on Sale of Assets. The Issuer shall not nor shall the Issuer permit any of its Subsidiaries to sell, lease (as lessor) or transfer (as transferor) any property or assets (other than to a Guarantor) except:
Restrictions on Sale of Assets. Seller, Licensee and Shareholder shall not sell, assign, transfer, lease, sublease, pledge or otherwise encumber or dispose of any of the Assets or permit the Partnership to sell, assign, transfer, lease, sublease, pledge or otherwise encumber or dispose of any of the RSA 2 Assets, except for the sale of inventory in the ordinary course of business and at customary prices. Without limiting the generality of the foregoing, Seller, Licensee and Shareholder shall not permit any of the material Proprietary Rights or material RSA 2 Proprietary Rights to lapse or dispose of or otherwise lose the right to use any of the material Proprietary Rights or material RSA 2 Proprietary Rights.
Restrictions on Sale of Assets. Except for sales or transfers contemplated on the date of this Agreement and set forth in SCHEDULE 5.8, the Shareholder shall not permit the Company and the Subsidiaries to, and the Company and the Subsidiaries shall not, sell, assign, transfer, lease, sublease, pledge or otherwise encumber or dispose of any of its properties or assets, except for the provision of services in the Ordinary Course of Business and at regular prices.
Restrictions on Sale of Assets. (a) The Credit Parties shall not make any Asset Disposition.
Restrictions on Sale of Assets. Except pursuant to the Reorganization, sell, lease, assign, transfer or otherwise dispose of any assets (including the Capital Stock of any Subsidiary of the Borrower) other than (a) sales of Inventory in the ordinary course of business, (b) sales or other dispositions in the ordinary course of business of assets or properties that are obsolete or that are no longer used or useful in the conduct of such Obligor's or Subsidiary's business, (c) sales in the ordinary course of business of assets or properties (other than Inventory) used in such Obligor's or Subsidiary's business that are worn out or in need of replacement and that are replaced with assets of reasonably equivalent value or utility or (d) except when any Default or Event of Default exists, disposition of the assets of any Obligor (or 100% of the stock of any Obligor) or any division or business line thereof, so long as the aggregate consideration for such obligations does not exceed One Million Dollars ($1,000,000) in any twelve (12) month period; provided, however, that, in addition to the foregoing, to the extent that any such asset disposition governed by this clause (d) shall include the sale of any Inventory or any Accounts, then, the Borrower shall submit to the Administrative Agent not later than three (3) Business Days prior to such disposition occurring, a pro forma Borrowing Base Certificate reflecting the impact of such disposition on the Borrowing Base and demonstrating the Borrower's compliance with Sections 2.1(b) and 8.3 both before and after giving effect to such disposition as a condition precedent thereto.
Restrictions on Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any assets (including the Capital Stock of any Subsidiary of the Company) other than (a) sales of Inventory in the ordinary course of business, (b) sale- leaseback transactions permitted by SECTION 9.13, (c) sales or other dispositions in the ordinary course of business of assets or properties that are obsolete or that are no longer used or useful in the conduct of such Borrower's or Subsidiary's business, (d) sales of property listed on SCHEDULE 1.1F and (e) sales in the ordinary course of business of assets or properties (other than Inventory) used in such Borrower's or Subsidiary's business that are worn out or in need of replacement and that are replaced with assets of reasonably equivalent value or utility.
Restrictions on Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any assets (including the Capital Stock of any Subsidiary of the Company) other than (a) sales of Inventory in the ordinary course of business, (b) sales, rentals or leases of Rental Machinery, Equipment and vehicles in the ordinary course of business, (c) sales or other dispositions of obsolete or worn equipment and vehicles by a Credit Party other than the sale or other disposition of equipment described in clauses (a) or (b) immediately above, (d) sales or other dispositions of Cash Equivalents, (e) sales or other dispositions for cash and fair value of real estate assets in any fiscal year so long as the aggregate Net Cash Proceeds from such dispositions when combined with all other such dispositions previously made by all the Borrowers in such fiscal year do not exceed $10,000,000 in the aggregate, (f) sales or other dispositions of assets among Borrowers including the sale, transfer or other disposition of assets from one Borrower to another as a result of the dissolution or liquidation of such Borrower, (g) the disposition of property or assets as a result of a Casualty Loss, and (h) other sales, leases, assignments, transfers and other dispositions approved by the Required Lenders, in each case (except for clauses (a), (b), (f) or (g) above), so long as no Event of Default has occurred and is continuing or would occur after giving effect thereto; provided, that in the case of dispositions described in clauses (a) and (b) above if an Event of Default has occurred and is continuing any such dispositions of Collateral described in such clauses shall be made on an arms' length basis for fair market value.
