Sale or Disposition of Assets. So long as the Company shall have any obligation under this Note, the Company shall not, without the Holder’s written consent, sell, lease, or otherwise dispose of all or substantially all of its assets outside the ordinary course of business unless the proceeds of any disposition of its assets shall be used to repay this Note.
Sale or Disposition of Assets. For the purposes of this Agreement,(a) the sale of as much as fifty percent (50%) of the assets of the Company or any bank controlled by the Company shall constitute the "sale or other disposition of all or substantially all of the assets" of such entity and (b) the sale of as much as twenty-five percent (25%) of the voting power of the equity securities of any bank controlled by the Company shall constitute the "sale or other disposition of all or substantially all of the assets" of the Company.
Sale or Disposition of Assets. Sell, lease or otherwise dispose of any of its Properties or permit any of its Subsidiaries or Affiliates to sell, lease or otherwise dispose of any of their Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person if the sale, lease or disposal of such Properties would have a material adverse effect on the ability of Borrower or Guarantors to repay the Loan, except for the following (excluding any Property which is included in the Collateral or Mortgage Documents): (i) sales of inventory and leases of inventory in the ordinary course of the Borrower’s business for so long as no Event of Default exists hereunder with written notice thereof to the Borrower; (ii) a transfer of Property to the Borrower by a Subsidiary; (iii) dispositions expressly authorized elsewhere in this Agreement; and (iv) any disposition of any assets or retired Property not used or useful in the Borrower’s business.
Sale or Disposition of Assets. Without the prior written consent of Lender, which consent may be withheld in Lender’s sole and absolute discretion, Borrower shall not, directly or indirectly, voluntarily or involuntarily, cause, suffer or permit (a) any sale, conveyance, pledge, mortgage, hypothecation or other transfer of any legal or equitable interest in Borrower, the Property or any Collateral, or (b) any mortgage, pledge, encumbrance or lien (except to the extent of mechanic’s liens diligently contested in accordance with the Loan Documents) to be imposed upon or attached to the Property, the Collateral or any portion thereof (a “Disposition”). No transfer, conveyance, sale, lease or other Disposition shall relieve Borrower from personal liability for its obligations hereunder or under any Loan Document, whether or not the transferee assumes this Agreement.
Sale or Disposition of Assets. The Mortgagors shall not sell, assign, transfer, alienate, encumber, lease, or otherwise dispose of or create any security interest on any of the Assets without consultation with and consent of the Mortgagee, to the extent permissible under Applicable Law. In the event that the Mortgagee consents to, and any Mortgagor proceeds with, such sale, assignment, alienation, encumbrance, lease, or otherwise, the Mortgagors shall assign or create a security interest over all the proceeds of any sale, assignment, transfer, alienation, lease, or disposition of the Assets or any unit therein to the Mortgagee as security for the Obligations;
Sale or Disposition of Assets. Without the prior written consent of Bank (which consent may be withheld in Bank’s sole and absolute discretion) or unless the Loan is simultaneously paid in full, Borrower shall not, directly or indirectly, voluntarily or involuntarily, cause, or permit (a) any sale, transfer or other conveyance of any legal or equitable interest in the Property or any Collateral, except for Leases, Permitted Transfers, sales and transfers of Collateral for fair market value in the ordinary course of business, or as otherwise expressly permitted under the Loan Documents, or (b) any mortgage, pledge, Lien or Encumbrance (except to the extent of mechanic’s liens diligently contested in accordance with the Loan Documents and Permitted Exceptions) to be imposed upon or attached to the Property, the Collateral or any portion thereof (a “Disposition”). No transfer, conveyance, sale, lease or other Disposition shall relieve Borrower from personal liability for its obligations hereunder or under any Loan Document, whether or not the transferee assumes this Agreement.
Sale or Disposition of Assets. Sell, lease, transfer or otherwise ----------------------------- dispose of the assets or properties of the BORROWER, except in the ordinary course of business, or the capital stock of any subsidiary of the Parent, other than a divestiture of assets, capital stock, or other ownership interests of any BORROWER which meets the following conditions (a "Permitted Divestiture"):
Sale or Disposition of Assets. Sell, lease or otherwise dispose of any of its Properties or permit any of its Subsidiaries or Affiliates to sell, lease or otherwise dispose of any of their Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except: (i) sales of Inventory and leases of Machines in the ordinary course of the Borrower's business for so long as no Event of Default exists hereunder with written notice thereof to the Borrower (and, for purposes hereof, dispositions of Machines in auction sales or to other merchants of similar Property consistent with the Borrower's practice prior to the date hereof shall be deemed in the ordinary course of business); (ii) a transfer of Property to the Borrower by a Subsidiary; (iii) dispositions expressly authorized elsewhere in this Agreement; (iv) the sale or assignment of Chattel Paper in a Non-recourse Transaction entered into in the ordinary course of business; and (v) any disposition of any assets or retired property not used or useful in the Borrower's business.
Sale or Disposition of Assets. Debtor will not, without the prior written consent of Secured Party, sell, transfer, lease, license or otherwise dispose of or offer to dispose of any of the Collateral or any interest therein other than the sale of inventory in the ordinary course; DA LWT
Sale or Disposition of Assets. Sell, lease, transfer, or otherwise dispose of all or substantially all of its assets, except that the Corporation may utilize its cash and investments (excluding any cash encumbered under the Pledge Agreement) to engage in business opportunities.
