Sell Property Clause Samples
Sell Property. No Borrower will, other than in the ordinary course of its business, sell, convey or suffer to be conveyed, assign, transfer, relinquish possession or otherwise dispose of any of its business properties unless approved in writing by the Bank.
Sell Property. Sell, transfer or otherwise dispose of any asset other than (i) sales of inventory in the ordinary course of business, (ii) grants of licenses entered into in the ordinary course of business in accordance with past practice, (iii) any assets the book value (net of transaction fees) of which does not exceed, in aggregate over the term of the Loan, $500,000, (iv) a sale, transfer or disposition in the ordinary course of any equipment of any Obligor that has become obsolete or is no longer being used, or (v) to any other Obligor.
Sell Property. Sell, transfer or otherwise dispose of any asset other than (i) sales of inventory in the ordinary course of business, (ii) grants of licenses entered into in the ordinary course of business in accordance with past practice (including, for greater certainty, the License), (iii) any assets the book value (net of transaction fees) of which does not exceed, in aggregate over the term of the Loan, $500,000, or (iv) a sale, transfer or disposition in the ordinary course of any equipment of [DELETED – ENTITY NAME AND LOCATION] any Obligor that has become obsolete or is no longer being used, or (v) to any other Obligor.
Sell Property. Sell, transfer, or otherwise dispose of any of its properties or assets, except for properties and assets plugged and abandoned or disposed of in accordance with customary practice in the business, and sales, transfers or other dispositions for fair and equivalent value in the ordinary course of business and consistent with past practice; provided that if the Company shall sell, transfer or dispose of any such assets, the Company will promptly notify Buyer of any such sale, transfer or other disposition; or
Sell Property sell, agree to sell or otherwise dispose of any of the Property subject to a specific mortgage or charge under the Securities.