Disposition of Assets or Collateral. Borrower will not sell, lease, transfer, convey, or otherwise dispose of any or all of its assets or Collateral, other than the sale of Equipment in accordance with Lender’s prior written consent under Section 5.4(e) hereof.
Appears in 3 contracts
Samples: Loan and Security Agreement (Greenwood Hall, Inc.), Loan and Security Agreement (Greenwood Hall, Inc.), Loan and Security Agreement (Elio Motors, Inc.)
Disposition of Assets or Collateral. Borrower will not sell, lease, transfer, convey, or otherwise dispose of any or all of its assets or Collateral, other than the sale of Inventory in the ordinary course of business or the sale of Equipment in accordance with Lender’s prior written consent under Section 5.4(e) hereof.
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Sysorex Global), Loan and Security Agreement (XZERES Corp.)
Disposition of Assets or Collateral. Borrower will not sell, lease, transfer, convey, or otherwise dispose of any or all of its assets or Collateral, other than the sale disposition or transfer in the ordinary course of business. In furtherance and not in limitation of the foregoing, Borrower will not sell, lease, transfer, convey, or otherwise dispose of any or all Equipment in accordance with Lenderlisted on Section 5.4(j) to the Borrower’s Disclosure Schedule without the prior written consent under Section 5.4(e) hereofof Lender.
Appears in 2 contracts
Samples: Loan and Security Agreement (1847 Holdings LLC), Loan and Security Agreement (Youngevity International, Inc.)
Disposition of Assets or Collateral. Borrower will not sell, lease, transfer, convey, or otherwise dispose of any or all of its assets or Collateral, other than the sale of Equipment in accordance with Lender’s prior written consent and motor vehicles to the extent expressly permitted under Section 5.4(e) hereof.
Appears in 1 contract
Disposition of Assets or Collateral. Borrower will not sell, lease, transfer, convey, or otherwise dispose of any or all of its assets or Collateral, other than sales in the ordinary course of Borrower’s business or the sale of Equipment in accordance with Lender’s prior written consent under Section 5.4(e) hereof.
Appears in 1 contract
Disposition of Assets or Collateral. Borrower will not sell, lease, transfer, convey, or otherwise dispose of any or all of its assets or Collateral, other than the sale of Inventory in the ordinary course of business or the sale of Equipment in accordance with Lender’s prior written consent under Section 5.4(e) hereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Valence Technology Inc)
