Disposal of Property. The Company shall not, and shall not permit any Subsidiary to, sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights (or agree to sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights) (including the Collateral) to any party except in the ordinary course of business (including the disposition of obsolete equipment), except for sales of equipment stored at the Xxxxxxx Property and sales not in excess of $100,000, and provided, further, that Newco shall not be entitled unreasonably to withhold consent hereunder.
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Samples: Secured Loan Agreement (Boston Chicken Inc), Secured Loan Agreement (Boston Chicken Inc)
Disposal of Property. The Company shall not, and shall not permit any -------------------- Subsidiary to, sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights (or agree to sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights) (including the Collateral) to any party except in the ordinary course of business (including the disposition of obsolete equipment), except for sales of equipment stored at the Xxxxxxx Property and sales not in excess of $100,000, and provided, further, that Newco shall not be entitled unreasonably to withhold consent hereunder.
Appears in 2 contracts
Samples: Secured Loan Agreement (Harrys Farmers Market Inc), Secured Loan Agreement (Progressive Food Concepts Inc)
Disposal of Property. The Company shall not, and shall not permit any Subsidiary to, sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights (or agree to sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights) (including the Collateral) to any party except in the ordinary course of business (including the disposition of obsolete equipment), except for sales of equipment stored at the Xxxxxxx Property and sales not in excess of $100,000, and provided, further, that Newco shall not be entitled unreasonably to withhold consent hereunderbusiness.
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Disposal of Property. The Company shall not, and shall not permit any -------------------- Subsidiary to, sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights (or agree to sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights) (including the Collateral) to any party except in the ordinary course of business (including the disposition of obsolete equipment), except for sales of equipment stored at the Xxxxxxx Property and sales not in excess of $100,000, and provided, further, that Newco shall not be entitled unreasonably to withhold consent hereunder.
Appears in 1 contract
