Common use of Restrictions on Transfers of Property Clause in Contracts

Restrictions on Transfers of Property. (a) Except as provided in Paragraph (b), and excluding any property which the Awardee must sell to customers in the ordinary course of business, the Awardee shall not sell, lease or transfer any Collateral to any other person or entity (including any subsidiary or affiliate of the Awardee) without the prior written consent of the RUS.

Appears in 7 contracts

Samples: Grant and Security Agreement, Loan Agreement, Grant and Security Agreement

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Restrictions on Transfers of Property. (a) Except as provided in Paragraph (b), and excluding any property which the Awardee Awardees must sell to customers in the ordinary course of business, the Awardee Awardees shall not sell, lease or transfer any Collateral to any other person or entity (including any subsidiary or affiliate of the AwardeeAwardees) without the prior written consent of the RUS.

Appears in 1 contract

Samples: Grant and Security Agreement

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