Common use of Transfer Assets Clause in Contracts

Transfer Assets. Not, after the date hereof, sell, contract for sale, convey, transfer, assign, lease or sublet, any of its assets (including, but not limited to, the Collateral) except in the ordinary course of business (and then only for full, fair and reasonable consideration) without Lender's prior written consent, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Sources: Term Loan Agreement (Lyles Diversified, Inc.), Term Loan Agreement (Pacific Ethanol, Inc.)