Common use of Disposition of Assets Clause in Contracts

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 14 contracts

Samples: Loan and Security Agreement (Mfri Inc), Financing and Security Agreement (Henry Co), Loan Agreement (Katy Industries Inc)

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Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower its Subsidiaries to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 9 contracts

Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 7 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:(i) sales of Inventory in the ordinary course of business for so long as no Event of Default exists hereunder, (ii) a transfer of Property to Borrower by a Subsidiary of Borrower or (iii) dispositions expressly authorized by this Agreement.

Appears in 5 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Media Sciences International Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Restricted Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 3 contracts

Samples: Loan and Security Agreement (Borden Chemical Inc), Loan and Security Agreement (Kinetek Inc), Loan and Security Agreement (Kinetek Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:(i) sales of Inventory in the ordinary course of business, (ii) a transfer of Property to Borrower by a Subsidiary of Borrower, or (iii) dispositions expressly authorized by this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nations Flooring Inc), Loan and Security Agreement (Nations Flooring Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of or any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 2 contracts

Samples: Loan and Security Agreement (Velocity Express Corp), Loan and Security Agreement (Velocity Express Corp)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower Borrowers to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 2 contracts

Samples: Loan and Security Agreement (Restoration Hardware Inc), Loan and Security Agreement (Restoration Hardware Inc)

Disposition of Assets. Sell, lease or otherwise --------------------- dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 2 contracts

Samples: Loan and Security Agreement (Falcon Products Inc /De/), Loan and Security Agreement (Falcon Products Inc /De/)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:: sales of Inventory in the ordinary course of business;

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

Disposition of Assets. Sell, lease lease, or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease lease, or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:(a) sales of Inventory in the ordinary course of business for so long as no Event of Default exists hereunder, (b) a transfer of Property to Borrower by a Subsidiary of Borrower, or (c) dispositions expressly authorized by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Questron Technology Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any --------------------- of, or permit any Subsidiary of or any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 1 contract

Samples: Loan and Security Agreement (Velocity Express Corp)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower their respective Subsidiaries to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property (other than Excluded Property) as part of a sale and leaseback transaction, to or in favor of any Person, except for:for dispositions expressly authorized by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalon Community Services Inc)

Disposition of Assets. Sell, lease or otherwise dispose of --------------------- any of, or permit any Subsidiary of any Borrower their respective Subsidiaries to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property (other than Excluded Property) as part of a sale and leaseback transaction, to or in favor of any Person, except for:for dispositions expressly authorized by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalon Community Services Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 1 contract

Samples: Petition Credit Agreement (Falcon Products Inc /De/)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any either Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor favour of any Person, except for:

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Lamina Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower Loan Party to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and sale-and-leaseback transaction, to or in favor of any Person, except for:

Appears in 1 contract

Samples: Loan and Security Agreement (Ani Pharmaceuticals Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, --------------------- or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except forsales of Inventory in the ordinary course of business and except, so long as no Default or Event of Default has occurred and is continuing:

Appears in 1 contract

Samples: Loan and Security Agreement (Borden Chemicals & Plastics Limited Partnership /De/)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except forexcept:

Appears in 1 contract

Samples: Credit Agreement (Drypers Corp)

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Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease lease, transfer or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 1 contract

Samples: And Security Agreement (Weirton Steel Corp)

Disposition of Assets. Sell, lease or otherwise dispose of any --------------------- of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 1 contract

Samples: Loan and Security Agreement (Falcon Products Inc /De/)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:(i) sales of Inventory in the ordinary course of business for so long as no Event of Default exists hereunder, (ii) a transfer of Property to any Borrower by a Subsidiary of such Borrower or (iii) dispositions expressly authorized by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose any of any of, its PropertiesProperty, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:in each case, for so long as no Event of Default has occurred and is continuing hereunder: (i) a transfer of Property to Borrower by a Subsidiary of Borrower or (ii) dispositions expressly authorized by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Union Drilling Inc)

Disposition of Assets. Sell, lease lease, or otherwise dispose of any of, or permit any Subsidiary of any Borrower the Obligors to sell, lease lease, or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:(a) sales of Inventory to buyers in the ordinary course of business or, (b) a transfer of Property to Borrower by a Subsidiary of Borrower or by any Borrower to any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Questron Technology Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Restricted Subsidiary of any Borrower Loan Party to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and sale-and-leaseback transaction, to or in favor of any Person, except for:

Appears in 1 contract

Samples: Loan, Security and Guaranty Agreement (Quest Resource Holding Corp)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:(i) sales of Inventory in the ordinary course of business for so long as no Event of Default exists hereunder, or (ii) dispositions expressly authorized by Section 6.4.2 of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (First Aviation Services Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Restricted Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:

Appears in 1 contract

Samples: Loan and Security Agreement (Truserv Corp)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transactionthe Collateral, to or in favor of any Person, except for:(i) sales of Inventory in the ordinary course of business for so long as no Event of Default exists hereunder, or (iii) dispositions expressly authorized by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Fresh Foods Inc)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and sale-and-leaseback transaction, to or in favor of any Person, except for:

Appears in 1 contract

Samples: Loan and Security Agreement (Cambium Learning Group, Inc.)

Disposition of Assets. Sell, lease or otherwise dispose of any of, or permit any Subsidiary of any either Borrower to sell, lease or otherwise dispose of any of, its Properties, including any disposition of Property as part of a sale and leaseback transaction, to or in favor of any Person, except for:(i) sales of Inventory in the ordinary course of business for so long as there has been no acceleration of the Obligations; or (ii) dispositions expressly authorized by and referenced in this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Open Plan Systems Inc)

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