Common use of Transfer of Assets Clause in Contracts

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Document, Borrower shall not sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the ordinary course of business), or agree to do any of the foregoing at any future time, except that:

Appears in 7 contracts

Samples: Credit and Security Agreement (Ventures National Inc), Revolving Credit and Security Agreement (Millstream Acquisition Corp), Loan and Security Agreement (NationsHealth, Inc.)

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Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Document, Borrower shall not not, nor shall it permit any of its Subsidiaries to, sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment fixed assets or excess equipment fixed assets no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the ordinary course of business), or agree to do any of the foregoing at any future time, except that:

Appears in 6 contracts

Samples: Revolving Credit and Security Agreement (Neogenomics Inc), Revolving Credit and Security Agreement (Neogenomics Inc), Revolving Credit and Security Agreement (Neogenomics Inc)

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Document, Borrower shall not sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the ordinary course of business)assets, or agree to do any of the foregoing at any future timeforegoing, except that:

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (America Service Group Inc /De), Loan and Security Agreement (America Service Group Inc /De), Credit and Security Agreement (America Service Group Inc /De)

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan DocumentDocument to the contrary, Borrower shall not sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets Collateral (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the ordinary course of business), or agree to do any of the foregoing at any future time, except that:.

Appears in 2 contracts

Samples: Credit and Security Agreement (Diamond Resorts Parent, LLC), Credit and Security Agreement (Diamond Resorts Parent, LLC)

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Document, Borrower shall not sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the ordinary course of business), or agree to do any of the foregoing at any future time, except that:

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Occupational Health & Rehabilitation Inc), Credit and Security Agreement (Western Express Holdings, Inc.)

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Bridge Loan Document, Borrower shall not sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the ordinary course of business), or agree to do any of the foregoing at any future time, except that:unless permitted by the terms of the Senior Loan Agreement.

Appears in 2 contracts

Samples: Bridge Loan and Security Agreement (NationsHealth, Inc.), Bridge Loan and Security Agreement (NationsHealth, Inc.)

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Document, Borrower shall not sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the ordinary course of business), or agree to do any of the foregoing at any future time, except that:

Appears in 1 contract

Samples: Credit, Term Loan and Security Agreement (World Health Alternatives Inc)

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Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Document, Borrower shall not not, outside of the ordinary course of business, sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the business, or non-ordinary course of businessbusiness dispositions on arms length terms not to exceed $20,000 in any fiscal year), or agree to do any of the foregoing at any future time, except that:

Appears in 1 contract

Samples: And Security Agreement (Americasdoctor Inc)

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Transaction Document, Borrower shall not not, nor shall it permit any of its Subsidiaries to, sell, lease, transfer, assign assign, spin-off or otherwise dispose of any interest in any properties or assets (other than obsolete equipment fixed assets or excess equipment fixed assets no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory inventory in the ordinary course of business), or agree to do any of the foregoing at any future time, without the written consent of the Holder, except that:

Appears in 1 contract

Samples: Security Agreement (VPR Brands, LP.)

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Document, Borrower shall not sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales of Inventory in the ordinary course of business), or agree to do any of the foregoing at any future time, except that:

Appears in 1 contract

Samples: Credit and Security Agreement (Millstream Acquisition Corp)

Transfer of Assets. Notwithstanding any other provision of this Agreement or any other Loan Document, Borrower shall not sell, lease, transfer, assign or otherwise dispose of any interest in any properties or assets (other than obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business and sales business, Inventory, scrap, or licenses of Inventory General Intangibles in the ordinary course of business), or agree to do any of the foregoing at any future time, except that:

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Boston Biomedica Inc)

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