Common use of Sale or Transfer of Assets; Suspension of Business Operations Clause in Contracts

Sale or Transfer of Assets; Suspension of Business Operations. Except as otherwise permitted in accordance with Section 3.4, the Borrower will not sell, lease, assign, transfer or otherwise dispose of all or a substantial part of its assets (whether in one transaction or in a series of transactions) to any other Person, and will not liquidate, dissolve or suspend its business operations.

Appears in 7 contracts

Samples: Credit Agreement (NCO Group, Inc.), Credit Agreement (NCO Group, Inc.), Credit Agreement (West Corp)

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Sale or Transfer of Assets; Suspension of Business Operations. Except as otherwise permitted in accordance with Section 3.4, the The Borrower will not, and will not permit any of its Subsidiaries to, sell, lease, assign, transfer or otherwise dispose of all or a substantial part of its assets (whether in one transaction or in a series of transactions) to any other Person, other than the sale of Inventory in the ordinary course of business, and will not liquidate, dissolve or suspend its business operations.

Appears in 1 contract

Samples: Credit Agreement (Innovex Inc)

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