Common use of No Transfers Clause in Contracts

No Transfers. The Company will not sell or offer to sell or otherwise transfer the Collateral or any interest therein except for (a) sales of inventory and licenses of general intangibles in the ordinary course of business and (b) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices.

Appears in 3 contracts

Samples: Exhibit 10 (Premier Exhibitions, Inc.), Security Agreement (Marcam Corp), Security Agreement (Premier Exhibitions, Inc.)

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No Transfers. The Company will not sell or offer to sell or otherwise transfer the Collateral or any interest therein except for (a) sales of inventory and licenses of general intangibles in the ordinary course of business and business, (b) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices, or (c) transfers of Collateral otherwise permitted by the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Eltrax Systems Inc), Security Agreement (Eltrax Systems Inc)

No Transfers. The Company will not sell or offer to sell or otherwise ------------ transfer the Collateral or any interest therein except for (a) sales and leases of inventory and licenses of general intangibles in the ordinary course of business and (b) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices.

Appears in 2 contracts

Samples: Security Agreement (CMG Information Services Inc), Security Agreement (Cmgi Inc)

No Transfers. The No Company will not sell or offer to sell or otherwise transfer the Collateral or any interest therein except for (ai) sales of inventory and licenses of general intangibles in the ordinary course of business and business, (bii) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices, and (iii) as otherwise permitted by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Rti Capital Corp)

No Transfers. The Company will not sell or offer to sell or ------------ otherwise transfer the Collateral or any interest therein except for (ai) sales of inventory and licenses of general intangibles in the ordinary course of business and (bii) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices.

Appears in 1 contract

Samples: Security Agreement (DSL Net Inc)

No Transfers. The Company will not sell or offer to sell or otherwise transfer the Collateral or any interest therein except for (ai) sales sale and leases of inventory and licenses of general intangibles in the ordinary course of business and (bii) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices.

Appears in 1 contract

Samples: Security Agreement (Eroom Technology Inc)

No Transfers. The Neither Company will not sell or offer to sell or otherwise ------------ transfer the Collateral or any interest therein except for (a) sales and leases of inventory and licenses of general intangibles in the ordinary course of business and (b) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices.

Appears in 1 contract

Samples: Security Agreement (CMG Information Services Inc)

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No Transfers. The Company will not sell or offer to sell or otherwise transfer the Collateral or any interest therein except for (a) sales and leases of inventory and licenses of general intangibles in the ordinary course of business and business; (b) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices; and (c) the disposition of any Collateral which is permitted to be sold or otherwise disposed of pursuant to the terms of the Distribution Agreement.

Appears in 1 contract

Samples: Security Agreement (Marcam Corp)

No Transfers. The Company will not sell or offer to sell or otherwise transfer the Collateral or any interest therein except for (a) sales of inventory and licenses of general intangibles in the ordinary course of business and (b) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practicesbusiness.

Appears in 1 contract

Samples: Term Loan Agreement (Bangor Hydro Electric Co)

No Transfers. The Company None of the Companies will not sell or offer to sell or otherwise transfer the Collateral or any interest therein except for (a) sales and leases of inventory and licenses of general intangibles in the ordinary course of business and (b) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices.

Appears in 1 contract

Samples: Security Agreement (Morgan Group Inc)

No Transfers. The Company will not sell or offer to sell or otherwise transfer the Collateral or any interest therein except for (a) sales of inventory and licenses of general intangibles in the ordinary course of business and business; (b) sales or other dispositions of obsolescent items of equipment in the ordinary course of business consistent with past practices; and (c) sales or other dispositions expressly permitted by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Fargo Electronics Inc)

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