Suspension of Business Operations. No Borrower will sell, lease, assign, transfer or otherwise dispose of (i) the stock of any Subsidiary, (ii) all or a substantial part of its assets, or (iii) any Collateral or any interest therein (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. No Borrower will liquidate, dissolve or suspend its business operations. No Borrower will in any manner transfer any property without prior or present receipt of full and adequate consideration therefor.
Suspension of Business Operations. If the Borrower or any of its Subsidiaries shall, other than in the ordinary course of business (as determined by past practices), suspend all or any part of its operations material to the conduct of the business of the Borrower or such Subsidiary for a period of more than sixty (60) consecutive days, which suspension in the good faith judgment of the Agent would with reasonable likelihood be expected to have a Material Adverse Effect; or
Suspension of Business Operations. 40 ------------------------------------------------------------- Section 7.7 Consolidation and Merger; Asset Acquisitions................... 41 -------------------------------------------- Section 7.8 Sale and Leaseback............................................. 41 ------------------ Section 7.9 Restrictions on Nature of Business............................. 41 ---------------------------------- Section 7.10 Capital Expenditures........................................... 41 -------------------- Section 7.11 Accounting..................................................... 41 ---------- Section 7.12 Discounts, etc................................................. 41 --------------- Section 7.13 Defined Benefit Pension Plans.................................. 41 ----------------------------- Section 7.14 Other Defaults................................................. 41 -------------- Section 7.15 Place of Business; Name........................................ 41 ----------------------- Section 7.16 Organizational Documents....................................... 42 ------------------------ Section 7.17 Salaries....................................................... 42 --------
Suspension of Business Operations. Except as otherwise set forth herein, no Obligor will sell, lease, assign, transfer or otherwise dispose of (i) the stock of any Subsidiary, (ii) all or a substantial part of its assets, or (iii) any Collateral or any interest therein (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 business operations. No Obligor will transfer any part of its ownership interest in any Intellectual Property Rights and will not permit any agreement under which it has licensed Licensed Intellectual Property to lapse, except that any Obligor may transfer such rights or permit such agreements to lapse if it shall have reasonably determined that the applicable Intellectual Property Rights are no longer useful in its business. If any Obligor transfers any Intellectual Property Rights for value, such Obligor will pay over the proceeds to the Lender for application to the Obligations. No Obligor will license any other Person to use any of its Intellectual Property Rights, except that any Obligor may grant licenses in the ordinary course of its business in connection with sales of Inventory or provision of services to its customers.
Suspension of Business Operations. Section 7.6 of the Credit Agreement is amended by deleting the words "Section 7.10" in the second line thereof and inserting in their place the words, "Sections 2.24 and 7.10".
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.
