Sale or Purchase of Assets. Directly or indirectly (a) convey, sell, transfer, lease, or sell and lease back, all or any substantial portion of Borrower’s property, assets or business to any other Person (other than sales in the ordinary course of business provided that full and adequate consideration is received by Borrower), or (b) purchase, lease or otherwise acquire any assets except in the ordinary course of business or as otherwise permitted by Lender or under this Agreement, and except acquisitions of Target Companies as contemplated in this Agreement.
Sale or Purchase of Assets any sale or purchase of material assets (other than inventory and any other working capital assets in the ordinary course of business) having a value in aggregate greater than fifty thousand dollars ($50,000);
Sale or Purchase of Assets. The Company will not, directly or indirectly, (a) purchase, lease, or otherwise acquire any assets except in the ordinary course of business or as otherwise permitted by any provision of this Agreement or (b) sell, lease, transfer, or otherwise dispose of any plant or any manufacturing facility or other assets; PROVIDED, that this Section shall not prohibit any of the actions referenced in clauses (a) or (b) above so long as the taking of such action does not (i) materially and adversely affect the financial condition of the Company and (ii) materially and adversely affect the Collateral of the Lender (as defined in the Security Instruments).
Sale or Purchase of Assets. The Borrowers will not, directly or indirectly, (a) purchase, lease, or otherwise acquire any assets in excess of $ 100,000.00 in any fiscal year, except in the ordinary course of business or as otherwise permitted by any provision of this Agreement, or (b) sell, lease, transfer, or otherwise dispose of any plant or any manufacturing facility or other assets except for (i) assets sold for full and adequate consideration which the Board of Directors or senior management of the applicable Borrower has determined to be worn out, obsolete, or no longer needed or useful in its business, (ii) assets sold in the ordinary course of business provided that the Borrowers receive full and adequate consideration in exchange for such assets sold, and (iii) any other assets sold for full and adequate consideration as long as the aggregate value of such assets does not exceed $ 100,000.00 in any fiscal year.
Sale or Purchase of Assets. Xxxxxx Group and the Companies (indivi dually or collectively) will not, nor will they allow any Subsidiary to, directly or indirectly: (1) purchase, lease or otherwise acquire any assets except in the ordinary course of business or as otherwise permitted by any provision of this Agreement; or (2) sell, lease, transfer or otherwise dispose of any facility (for purposes of this provision, sales of assets associated with the closing of the Truckaway segment shall be excluded in an amount not to exceed Two Million One Hundred Twenty-Five Thousand Dollars ($2,125,000.00); or (3) sell, lease, transfer or otherwise dispose of in any transaction or series of related transactions any of their property or assets (except in the ordinary course of business) without written consent of Bank.
