Merger, Consolidation, Dissolution or Liquidation. (a) Borrower shall not engage in any Asset Sale other than: (i) Inventory sold in the ordinary course of Borrower’s business; (ii) equipment that is replaced by other equipment of comparable or superior quality and value within ninety (90) days of such Asset Sale; (iii) a sale of property in one transaction or a series of transactions with a fair market value of less than One Hundred Thousand Dollars ($100,000) during any six month period; or (iv) Permitted Dispositions.
Merger, Consolidation, Dissolution or Liquidation a. Borrower shall not engage in any Asset Sale other than equipment that is replaced by other equipment of comparable or superior quality and value within ninety (90) days of such Asset Sale.
Merger, Consolidation, Dissolution or Liquidation. (a) No Borrower shall sell, lease, license, transfer or otherwise dispose of any material portion of its Property other than inventory sold to patients/customers in the ordinary course or ordinary operation of such Borrower’s business or pursuant to the XXX Loan Documents, without Lender’s prior written consent.
Merger, Consolidation, Dissolution or Liquidation. (a) The Borrower shall not sell, lease, license, transfer or otherwise dispose of its Property, except for:
Merger, Consolidation, Dissolution or Liquidation. (a) Borrower shall not sell, lease, license, transfer or otherwise dispose of more than 10% of Borrower's aggregate assets during any 12 consecutive month period except in the ordinary course or ordinary operation of Borrower's business and in Securitization Transactions or other non-recourse financing.
Merger, Consolidation, Dissolution or Liquidation a. No Borrower shall engage in any Asset Sale other than (i) the sale of Inventory in the ordinary course of business, (ii) equipment that is replaced by other equipment of comparable or superior quality and value within ninety (90) days of such Asset Sale, (iii) licenses, sublicenses, leases or subleases of Property granted to third parties in the ordinary course of business and not interfering with the business of the Loan Parties; (iv) sales, forgiveness or discounting, on a non-recourse basis and in the ordinary course of business, of past due accounts in connection with the collection or compromise thereof or the settlement of delinquent accounts or in connection with the bankruptcy or reorganization of suppliers or customers; (v) disposition of obsolete equipment; (vi) disposition of cash and cash equivalents; (vii) dispositions to another Borrower; (viii) issuances of capital stock to Parent; and (ix) dispositions resulting from any casualty events, provided the proceeds thereof are applied in accordance with the terms of this Agreement.
Merger, Consolidation, Dissolution or Liquidation. No Grantor may consolidate or merge with or into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions to another corporation, Person or entity unless (a) such Grantor is the surviving corporation or the entity or the Person formed by or surviving any such consolidation or merger (if other than such Grantor) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a corporation, Person or entity organized or existing under the laws of the United States, any state thereof or the District of Columbia; (b) the entity or Person formed by or surviving any such consolidation or merger (if other than such Grantor) or the entity or Person to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made assumes all the obligations of such Grantor under this Agreement; and (c) after giving effect to such sale, assignment, transfer, lease, conveyance or other disposition, no Default shall occur under the Indenture;
Merger, Consolidation, Dissolution or Liquidation. (a) None of the Borrowers shall sell, lease, license, transfer or otherwise dispose of its Property, other than (i) inventory sold in the ordinary course of such Borrower's business, (ii) obsolete equipment office furniture or vehicles, (iii) to another Borrower, (iv) equipment or office furniture or vehicles with a value of less than $5,000 and (v) the sublease of office space, and the sale of a franchise consistent with Borrowers' current business practices.
Merger, Consolidation, Dissolution or Liquidation. (a) Except with prior written approval of Agent or in accordance with Section 10.18 hereof, Borrower shall not sell, lease, license, transfer or otherwise dispose of its Property, other than Inventory, equipment or real estate sold in the ordinary course of Borrower's business.
Merger, Consolidation, Dissolution or Liquidation. (a) The Company shall not sell, lease, license, transfer or otherwise or dispose of its Property other than (i) equipment or inventory sold or disposed of in the ordinary course or ordinary operation of the Company's business or (ii) dispositions of assets for fair market value, the aggregate amount of which dispositions shall not exceed $500,000 in a Fiscal Year, without the Noteholders' prior written consent.
