Common use of Asset Transfers Clause in Contracts

Asset Transfers. The Company shall not transfer, sell, convey, use as collateral or otherwise dispose of any of its material assets to any Subsidiary or affiliate except for a cash or cash equivalent consideration and for a proper business purpose, while any of the Notes are outstanding, without written consent from the Purchaser.

Asset Transfers. The Company shall not transfer, sell, convey, use as collateral convey or otherwise dispose of any of its material assets to any Subsidiary or affiliate except for a cash or cash equivalent consideration and or for a proper business purposepurpose or loans, contributions or advances to any of its subsidiaries, while any of the Convertible Notes are outstanding, without written consent from the Purchaser.

Asset Transfers. The Company shall not transfer, sell, convey, use as collateral convey or otherwise dispose of any of its material assets to any Subsidiary or affiliate except for a cash or cash equivalent consideration and for a proper business purpose, while any prior to December 31, 2000 without the consent of the Notes are outstanding, without written consent from the PurchaserSubscriber.

Asset Transfers. The Company shall not transfer, sell, convey, use as collateral convey or ---------------- otherwise dispose of any of its material assets to any Subsidiary or affiliate except for a cash or cash equivalent consideration and for a proper business purpose, while any shares of the Notes Preferred Stock are outstanding, outstanding without written the consent from of the Purchaserholders of 75% of the outstanding Preferred Stock.

Asset Transfers. The Company shall not (i) transfer, sell, convey, use as collateral convey or otherwise dispose of any of its material assets to any Subsidiary or affiliate subsidiary except for a cash or cash equivalent consideration and for a proper business purpose, while any of the Notes are outstanding, without written consent from the Purchaser.business