Common use of Sale of Assets Clause in Contracts

Sale of Assets. Sell, transfer or otherwise dispose of any of its assets or properties, other than in the ordinary course of business.

Appears in 21 contracts

Samples: Loan Agreement (Equus Ii Inc), Loan Agreement (Craftmade International Inc), Loan Agreement (Craftmade International Inc)

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Sale of Assets. Sell, transfer lease or otherwise dispose of any of its assets (including, without limitation, pursuant to any sale/leaseback transaction, securitization transaction, or properties, with respect to any equity interest owned by it) other than sales, transfers and dispositions of (y) inventory in the ordinary course of business and (z) used, obsolete, worn out or surplus equipment or property in the ordinary course of business.;

Appears in 8 contracts

Samples: Credit Agreement (Corning Natural Gas Holding Corp), Replacement Credit Agreement (Corning Natural Gas Holding Corp), Credit Agreement (Corning Natural Gas Holding Corp)

Sale of Assets. Sell, transfer Except for sales or otherwise dispose other dispositions of any of its assets or properties, other than inventory in the ordinary course of business, not sell, lease, transfer, or otherwise dispose of in a single transaction, or a series of related transactions, all or a substantial part of the property and assets of Borrower, whether now owned or hereafter acquired, to any person, firm or corporation.

Appears in 7 contracts

Samples: Loan Agreement (Rf Power Products Inc), Note and Security Agreement (Dynamic Health Products Inc), Amended And (C Cor Electronics Inc)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any of its assets or properties, (other than in the ordinary normal course of businessbusiness or as permitted pursuant to Section 7.8) of all or a substantial part of its assets.

Appears in 6 contracts

Samples: Loan Agreement (Miller Industries Inc /Tn/), Loan Agreement (Miller Industries Inc /Tn/), Loan Agreement (Miller Industries Inc /Tn/)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any all or substantially all of its assets or properties, other than inventory sold in the ordinary course of businessbusiness and as necessary to replace obsolete equipment.

Appears in 6 contracts

Samples: Loan Agreement (Karts International Inc), Loan Agreement (Karts International Inc), Loan Agreement (Karts International Inc)

Sale of Assets. Sell, transfer assign, transfer, convey, or otherwise dispose of all or any part of its assets Assets, whether now owned or propertieshereafter acquired, other than in the ordinary course of business.except for:

Appears in 6 contracts

Samples: Credit Agreement (JMP Group LLC), Credit Agreement (JMP Group LLC), Credit Agreement (JMP Group Inc.)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any of its assets or properties, (other than in the ordinary normal course of business) of all or a substantial part of its assets.

Appears in 5 contracts

Samples: Loan Agreement (Pam Transportation Services Inc), Loan Agreement (Pam Transportation Services Inc), Revolving Credit Agreement (Mid America Apartment Communities Inc)

Sale of Assets. Sell, assign, lease, transfer or otherwise dispose of any of its assets their now owned or propertieshereafter acquired respective properties and assets, whether or not pursuant to an order of a federal agency or commission, except for (i) the sale, assignment, lease, transfer or other than disposition of inventory, each in the ordinary course of business, and (ii) the sale or other disposition of properties or assets no longer used or useful in the conduct of their respective businesses.

Appears in 3 contracts

Samples: Term Loan Agreement (Globecomm Systems Inc), Credit Agreement (Globecomm Systems Inc), Term Loan Agreement (Globecomm Systems Inc)

Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any of its assets (other than obsolete or propertiesworn out property), whether now owned or hereafter acquired, other than in the ordinary course of businessbusiness and at fair market value.

Appears in 3 contracts

Samples: Mortgage Loan Warehousing Agreement (Aames Financial Corp/De), Residuals Financing Agreement (Aames Financial Corp/De), Mortgage Loan Warehousing Agreement (Aames Financial Corp/De)

Sale of Assets. Sell, transfer lease, assign, transfer, or otherwise dispose of of, any of its assets now owned or propertieshereafter acquired assets, other than except (1) inventory disposed of in the ordinary course of business, and (2) the sale or other disposition of assets no longer used or useful in the conduct of its business.

Appears in 3 contracts

Samples: Credit Agreement (Orbit International Corp), Revolving Credit Agreement (Cpi Aerostructures Inc), Revolving Credit Agreement (Hi Tech Pharmacal Co Inc)

Sale of Assets. Sell, transfer lease or otherwise dispose of any of its assets or propertiesBorrower’s assets, other than in the ordinary course of business.

Appears in 3 contracts

Samples: Credit Agreement (Highbury Financial Inc), Credit Agreement (Highbury Financial Inc), Form of Credit Agreement (Highbury Financial Inc)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any their respective properties and assets, whether or not pursuant to an order of its assets a federal agency or propertiescommission, other than except for (a) the sale of inventory disposed of in the ordinary course of businessbusiness and (b) the sale or other disposition of properties or assets no longer used or useful in the conduct of their respective businesses.

Appears in 2 contracts

Samples: P&f Industries Inc, Credit Agreement (P&f Industries Inc)

Sale of Assets. Sell, transfer or otherwise dispose of any of its their respective assets or properties, other than in the ordinary course of business.

Appears in 2 contracts

Samples: Loan Agreement (Calloways Nursery Inc), Loan Agreement (Calloways Nursery Inc)

Sale of Assets. Sell, transfer or otherwise dispose of any of its assets or properties, other than in the ordinary course of businessbusiness and sales of Installment Contracts and related assets by FCC in respect of the Securitization.

Appears in 2 contracts

Samples: Loan Agreement (Us Home Systems Inc), Loan Agreement (Us Home Systems Inc /Tx)

Sale of Assets. Sell, transfer or otherwise dispose of any of its -------------- assets or properties, other than in the ordinary course of business.

Appears in 2 contracts

Samples: Credit Agreement (Data Return Corp), Loan Agreement (Us Home Systems Inc /Tx)

Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any of its assets or propertiesProperties, other than in the ordinary course of business.

Appears in 2 contracts

Samples: Loan Agreement (Internet America Inc), Security Agreement (Micropac Industries Inc)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any its properties and assets, whether or not pursuant to an order of its assets a federal agency or propertiescommission, other than except for (a) the sale of inventory disposed of in the ordinary course of business, and (b) the sale or other disposition of properties or assets no longer used or useful in the conduct of its business.

Appears in 2 contracts

Samples: Credit Agreement (Global Payment Technologies Inc), Credit Agreement (Global Payment Technologies Inc)

Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any of its assets or properties, other than in the ordinary course of business.

Appears in 2 contracts

Samples: Credit Agreement (Accentia Biopharmaceuticals Inc), Confidential Treatment Credit Agreement (Horizon Pharmacies Inc)

Sale of Assets. Sell, transfer lease, or otherwise dispose of all or any -------------- material part of its assets except sales of inventory or properties, other than sales in the ordinary course of business.

Appears in 1 contract

Samples: Securities Purchase Agreement (Grace Development Inc)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any of its assets or properties, (other than in the ordinary normal course of businessbusiness or as allowed by this Agreement) of all, or substantially all, of its assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Adamis Pharmaceuticals Corp)

Sale of Assets. Sell, transfer lease, assign, transfer, or otherwise dispose of of, any material portion of its now owned or hereafter acquired assets or properties, other than in the ordinary course of business.

Appears in 1 contract

Samples: Commercial Loan Agreement (Micronetics Inc)

Sale of Assets. Sell, transfer assign, transfer, lease or otherwise dispose of (A) any portion or all of its assets or properties, the Property (other than a sale of the Property in accordance with the Mortgage Loan Documents provided that the Net Sales Proceeds are distributed to the Company); or (B) any other material assets of the Company (other than ordinary course replacements), in one transaction or a series of businessrelated transactions.

Appears in 1 contract

Samples: Operating Agreement (Bluerock Residential Growth REIT, Inc.)

Sale of Assets. Sell, transfer lease, assign, transfer, or otherwise dispose of any of its assets (other than obsolete or propertiesworn-out property), whether now owned or hereafter acquired, other than in the ordinary course of businessbusiness as presently conducted and at fair market value.

Appears in 1 contract

Samples: Loan Agreement (Transaction Systems Architects Inc)

Sale of Assets. SellConvey, sell, lease, assign, transfer or otherwise dispose of any material portion of its assets property, business or propertiesassets, in any transaction or series of related transactions, other than (a) a Sale of the Company arising pursuant to Section 5.1 or 5.2 or (b) sales of investment assets in the ordinary course of business.

Appears in 1 contract

Samples: Investor Rights Agreement (Republic Companies Group, Inc.)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any all or a substantial part of its assets or propertiesassets, excluding sales of Inventory, other than Eligible Inventory, in the ordinary normal course of business.

Appears in 1 contract

Samples: Loan Agreement (Eastside Distilling, Inc.)

Sale of Assets. Sell, transfer abandon, or otherwise dispose of any of its assets or properties, other than except in the ordinary course of business.

Appears in 1 contract

Samples: Revolving Credit Agreement (Premier Acceptance Corp /Mn/)

Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any of its assets or propertiesassets, other than in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Applied Blockchain, Inc.)

Sale of Assets. Sell, transfer or otherwise dispose of any of its assets or properties, other than (i) in the ordinary course of businessbusiness and (ii) transfers among Borrower and the Obligated Parties.

Appears in 1 contract

Samples: Loan Agreement (Medicalcontrol Inc)

Sale of Assets. Sell, assign, lease, transfer or otherwise dispose of any of its their now owned or hereafter acquired respective properties and assets, whether or not pursuant to an order of a federal agency or commission, except for the sale or other disposition of properties or assets no longer used or properties, other than useful in the ordinary course conduct of businesstheir respective businesses.

Appears in 1 contract

Samples: Credit Agreement (Coactive Marketing Group Inc)

Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any of its assets or propertiesthe Companies’ assets, other than except for (a) the sale of inventory in the ordinary course of businessthe Companies’ business consistent with the Companies’ past practices and (b) disposition of used, worn out, obsolete or surplus property of the Companies.

Appears in 1 contract

Samples: Term Loan Agreement (Syntax-Brillian Corp)

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Sale of Assets. Sell, lease, transfer or otherwise dispose of all or any substantial part of its assets, including the assets of any of its assets or propertiessubsidiaries, other than in the ordinary normal course of business.

Appears in 1 contract

Samples: Loan Agreement (Beverly Hills Bancorp Inc)

Sale of Assets. Sell, Sell transfer or otherwise dispose of any of ---------------- its assets or properties, other than in the ordinary course of business.

Appears in 1 contract

Samples: Rampart Capital Corp

Sale of Assets. Sell, lease, transfer or otherwise dispose of all or any material part of its assets, including the assets of any of its assets or propertiessubsidiaries, other than in the ordinary normal course of business.

Appears in 1 contract

Samples: Loan Agreement (Vineyard National Bancorp)

Sale of Assets. Sell, lease, assign, transfer or otherwise -------------- dispose of any part of its assets or properties, other than tangible or intangible, to any Person except the sale of Inventory in the ordinary course of businessbusiness and the replacement of its Equipment due to repair or obsolescence.

Appears in 1 contract

Samples: Security Agreement (Audio Communications Network Inc)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any of its assets or properties, (other -------------- than in the ordinary normal course of business) all or a substantial part of its assets.

Appears in 1 contract

Samples: Reimbursement Agreement (Grand Prix Association of Long Beach Inc)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any of its assets or properties, (other than in the ordinary normal course of business) of all or part of its assets.

Appears in 1 contract

Samples: Revolving Loan Agreement (Kempharm, Inc)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any of its assets or properties, (other than in the ordinary normal course of business) of all or a substantial part of its assets. 6.3.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mid America Apartment Communities Inc)

Sale of Assets. Sell, transfer lease, assign, transfer, or otherwise dispose of any of, of its now owned or hereafter acquired assets or properties(including, without limitation, shares of stock, accounts, and leasehold interests), other than in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Zoned Properties, Inc.)

Sale of Assets. Sell, transfer transfer, lease or otherwise dispose of any of its assets all or properties, other than (except in the ordinary course of businessbusiness as now conducted) any material part of its assets.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Maui Land & Pineapple Co Inc)

Sale of Assets. Sell, transfer or otherwise dispose of any of its assets or properties, whether now owned or hereafter acquired, other than in the ordinary course of business or obsolete or worn out property or property no longer useful in the conduct of Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (Desert Capital Reit Inc)

Sale of Assets. Sell, lease, transfer or otherwise dispose of any of its assets or properties, other than inventory sold in the ordinary course of businessbusiness and as necessary to replace obsolete equipment.

Appears in 1 contract

Samples: Subordination Agreement (Red Oak Hereford Farms Inc)

Sale of Assets. Sell, transfer or otherwise dispose of any of -------------- its assets or properties, other than in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Panja Inc)

Sale of Assets. Sell, transfer Transfer or otherwise dispose of any of its assets or properties, other than Collateral except in the ordinary and usual course of business.

Appears in 1 contract

Samples: Loan and Security Agreement (FONU2 Inc.)

Sale of Assets. Sell, transfer Sell or otherwise dispose of lease all or any material portion of its assets or properties, business other than in the ordinary course of business.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (Scotland Bancorp Inc)

Sale of Assets. Sell, transfer lease or otherwise dispose of any of its assets or propertiesassets, other than except in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Snacks Co)

Sale of Assets. Sell, transfer lease or otherwise dispose of any material part of its assets or properties, other than in outside the ordinary course of business.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Rocky Shoes & Boots Inc)

Sale of Assets. Sell, lease, assign, transfer or otherwise dispose of any of its assets or properties, other than in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Rush William M Rusty)

Sale of Assets. Sell, offer to sell, lease, convey, or otherwise transfer or otherwise dispose of any material portion of its assets property or propertiesassets, other than or any interest therein, except in the ordinary course of business.;

Appears in 1 contract

Samples: Loan and Security Agreement (Forward Air Corp)

Sale of Assets. Sell, transfer lease, or otherwise dispose of all or any substantial part of its assets or propertiesproperty, other than except for (a) sales of Inventory in the ordinary course of business, (b) sales, leases or other dispositions of machinery and equipment that is obsolete, unusable or not needed in its business, or (c) as otherwise permitted herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Geographics Inc)

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