Common use of Sale of Assets Clause in Contracts

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 47 contracts

Samples: Securities Purchase Agreement (First Choice Healthcare Solutions, Inc.), Securities Purchase Agreement (Growlife, Inc.), Assignment Agreement (Digerati Technologies, Inc.)

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Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition, but otherwise such consent shall not be unreasonably withheld, conditioned, or delayed.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Tego Cyber, Inc.), Securities Purchase Agreement (Tego Cyber, Inc.), Securities Purchase Agreement (Tego Cyber, Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s Holder´s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 4 contracts

Samples: Funding Agreement (Global Equity International Inc), Funding Agreement (Global Equity International Inc), Funding Agreement (Global Equity International Inc)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s 's written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Vet Online Supply Inc)

Sale of Assets. So long as Without the Borrower shall have any obligation under this Noteprior written consent of the Lender, the Borrower shall not, without the Holder’s written consent, not sell, lease lease, assign or otherwise dispose of any significant portion of its assets outside except for (a) sales in the ordinary course of business. Any consent business including sales of Lots and Units as approved by the Lender from time to time, (b) the disposition of any assets may be conditioned on a specified use of the proceeds of dispositionthat are no longer needed or useful in its business, and (c) assets which have been removed and replaced.

Appears in 3 contracts

Samples: Loan Agreement (Comstock Holding Companies, Inc.), Loan Agreement (Comstock Holding Companies, Inc.), Loan Agreement (Comstock Holding Companies, Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent by the Holder to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Infinite Group Inc), Securities Purchase Agreement (Clean Energy Technologies, Inc.), Securities Purchase Agreement (Us Nuclear Corp.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may shall be conditioned on a specified use of the proceeds towards the repayment of dispositionthis Note.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Growlife, Inc.), Securities Purchase Agreement (Mphase Technologies Inc), Securities Purchase Agreement (Canbiola, Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this NoteDebenture, the Borrower shall not, without the Holder’s 's written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 3 contracts

Samples: Mexoro Minerals LTD, Securities Purchase Agreement (Peak Entertainment Holdings Inc), Securities Purchase Agreement (Vital Living Products Inc)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of businessbusiness except pursuant to that asset Revolving Line of Credit Agreement dated October 5, 2010, between the Borrower and the Holder, for which the Borrower will not need to seek approval of the Holder. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 3 contracts

Samples: Extension Agreement (5Barz International, Inc.), Addendum Agreement (5Barz International, Inc.), Addendum Agreement (CelLynx Group, Inc.)

Sale of Assets. So long as the Borrower Company shall have any obligation under this Note, the Borrower Company shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 2 contracts

Samples: Exchange Agreement (Arkados Group, Inc.), Exchange Agreement (Arkados Group, Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, without the written consent of a majority of the Holders of the then-outstanding Secured Notes, the Borrower shall not, without the Holder’s written consent, not sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 2 contracts

Samples: Sentinel Emergency Response Technology, Inc., Sentinel Emergency Response Technology, Inc.

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (TechCare Corp.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside ou tside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Securities Purchase Agreement (TagLikeMe Corp.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, excluding the Merger, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition, but otherwise such consent shall not be unreasonably withheld, conditioned, or delayed.

Appears in 1 contract

Samples: Bruush Oral Care Inc.

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose (collectively, a “Disposition”) of any significant portion of its assets assets, other than to a wholly-owned Subsidiary of the Borrower, outside the ordinary course of businessbusiness unless the proceeds of such Disposition shall be used to repay this Note. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: First Blush Brands, Inc.

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Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of businessbusiness except pursuant to that asset Purchase Agreement dated October 5, 2010, between the Borrower and 5BARz, for which the Borrower will not need to seek approval of the Holder. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Securities Purchase Agreement (CelLynx Group, Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business, or in an arms-length transaction or which intent has been previously disclosed in SEC Documents as such term is defined in the Purchase Agreement. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Note Purchase Agreement (RespireRx Pharmaceuticals Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, without the written consent of a majority of the Holders of the then-outstanding Secured Notes, the Borrower shall not, without the Holder’s written consent, not sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of businessbusiness (including the sale of any or all the inventory units listed on Exhibit A hereto or any other units of inventory sold by the Borrower). Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Sentinel Emergency Response Technology, Inc.

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s 's written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business, provided, however, no consent shall be required when any sale, lease or disposition is done for fair consideration and does not render the Borrower a "Shell" company as defined in Rule 12b-2 under the Securities Exchange Act of 1934. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Exchange Agreement (NewLead Holdings Ltd.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition; provided, however, the Borrower may sell or divest its metal-air battery business so long as it does so in accordance with Section 1.10 hereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Quantumsphere, Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s 's written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of businessbusiness except pursuant to that asset Purchase Agreement dated October 5, 2010, between the Borrower and SBARz, for which the Borrower will not need to seek approval of the Holder. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Securities Purchase Agreement (CelLynx Group, Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition. Notwithstanding the foregoing, the Borrower need not obtain the Holder’s written consent to issue shares of the Borrower’s stock at a price of forty cents ($0.40) or higher.

Appears in 1 contract

Samples: Settlement Agreement (Abakan, Inc)

Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of businessbusiness unless fair consideration is received therefor. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Securities Purchase Agreement (Carolco Pictures, Inc.)

Sale of Assets. So long as the Borrower shall have any obligation under this NoteDebenture, the Borrower shall not, without the Holder’s written consent, sell, lease or otherwise dispose of sell any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Securities Purchase Agreement (Skybridge Wireless Inc)

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