Common use of DISPOSAL OF THE EQUIPMENT Clause in Contracts

DISPOSAL OF THE EQUIPMENT. it will not, and will ensure that no Trading Company will, without the Agent's prior written consent, sell, lease as a lessor, or otherwise dispose of any Equipment provided that obsolete or unusable Equipment having an orderly liquidation value no greater than L500,000 individually and L1,500,000 in the aggregate in any Financial Year, may be disposed of without the Agent's consent, subject to the conditions set forth below. If any of the Equipment is sold, transferred or otherwise disposed of with the Agent's prior written consent or as otherwise permitted hereby then:

DISPOSAL OF THE EQUIPMENT. it will not, and will ensure that no Trading Company will, without the Agent's prior written consent, sell, lease as a lessor, or otherwise dispose of any Equipment provided that obsolete or unusable Equipment having an orderly liquidation value no greater than L500,000 (pound)500,000 individually and L1,500,000 (pound)1,500,000 in the aggregate in any Financial Year, may be disposed of without the Agent's consent, subject to the conditions set forth below. If any of the Equipment is sold, transferred or otherwise disposed of with the Agent's prior written consent or as otherwise permitted hereby then:

DISPOSAL OF THE EQUIPMENT. 16.4.11 it will not, and will ensure that no Trading Company will, without the Agent's ’s prior written consent, sell, lease as a lessor, or otherwise dispose of any Equipment provided that obsolete or unusable Equipment having an orderly liquidation value no greater than L500,000 £500,000 individually and L1,500,000 £1,500,000 in the aggregate in any Financial Year, may be disposed of without the Agent's ’s consent, subject to the conditions set forth below. If any of the Equipment is sold, transferred or otherwise disposed of with the Agent's ’s prior written consent or as otherwise permitted hereby then: