Sales of Property. During the period of his employment with the Company, Executive shall not sell, assign, convey or otherwise transfer any of the property listed on Schedule A hereto to a competitor of the Company, which for purposes of this subsection (d) only, shall mean such Persons defined as such by resolution of at least 75% of the Company’s independent directors. Notwithstanding anything to the contrary contained herein, at any time after any termination of Executive’s employment with the Company for any reason whatsoever or for no reason, Executive shall not be restricted in any way from using, owning, developing, contributing, financing, selling, transferring or otherwise disposing of, for any purpose or to or with any Person, including but not limited to a Competitor, any of the property listed on Schedule A hereto.
Sales of Property. The Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of its Oil and Gas Properties.
Sales of Property. The Custodian shall settle sold Property upon receipt of Written Instructions that specify:
Sales of Property. In the event Chugach sells any Applicable Property, the transferee shall not be assessed a property tax on the same Applicable Property for the same year.
Sales of Property. Continue to pursue the sale on commercially reasonable terms of property owned by the Borrower or any Subsidiary thereof which is neither material nor necessary to the operations of the business of the Borrower and its Subsidiaries.".
Sales of Property. The Bank shall settle sold Property upon receipt of Written Instructions that specify:
Sales of Property. Following the Agreement Date, Seller will not enter into any agreement, escrow, or other contract to sell any portion of the Real Property which Seller intends to be a Pending Sale without the prior written consent of Buyer, which consent Buyer shall not unreasonably withhold and which shall be deemed to have been given if Buyer does not reject a proposed sale within five (5) days of the date Seller gives Buyer written notice of the proposed sale accompanied by a complete copy of the proposed sales contract and/or escrow. Only those sales approved or deemed approved pursuant to this Section 8.6(a) will, upon such approval, be deemed to be Pending Sales, subject to the terms and conditions of this Agreement as they relate to Pending Sales. Seller may proceed to close Pending Sales during the period prior to the Closing.
Sales of Property. Except for the obligation of the Borrower to convey a net profits interest to Diversified Dynamics Corporation pursuant to the Diversified Dynamics Note after the Debt evidenced by the Notes is repaid in full and the Lender is no longer obligated to make Advances, the Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of the Subject Properties.
Sales of Property. The Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of its Property if such sale, transfer or disposition (a) transfers or disposes of greater than an undivided ten percent (10%) of the undivided interest of the Borrower in the Property, the undivided interest of Aspect in the Aspect Prospects or the undivided interest of Esenjay in the Esenjay Prospects as of the date of this Agreement, (b) exceeds $250,000.00 per transaction or (c) exceeds $1,000,000.00 in the aggregate for any twelve month period. Nothing in this Section shall be construed that the Lender is obligated to release its Liens on any of Property sold.
Sales of Property. The Borrower will not, and will not permit any Subsidiary thereof to, sell, lease, assign, transfer or otherwise dispose of any of its Property, except for (i) sales of inventory and other dispositions of assets in the ordinary course of business, (ii) dispositions of obsolete or retired assets not used or useful in such Person’s business, (iii) dispositions of Property by the Borrower to a Subsidiary thereof or by a Subsidiary of the Borrower to the Borrower or another Subsidiary thereof and (iv) dispositions of all or substantially all of the assets of or equity interests in a Subsidiary of the Borrower, so long as the net income of such Subsidiary for the twelve-month period ending with the calendar month immediately preceding the month in which such disposition occurs, when combined with the net income (for the same period) of any Subsidiaries of the Borrower merged or consolidated as permitted by Section 6.13(ii)(b) and the net income (for the same period) of any other Subsidiaries of the Borrower whose assets or the equity interests in which are disposed of as permitted by this clause (iv) during the twelve-month period ending with the month in which such disposition occurs, does not exceed the amount equal to 10% of Puget Energy’s consolidated net income as would be shown in its consolidated financial statements for the twelve-month period ending with the calendar month immediately preceding the month in which such disposition occurs.
