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 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 (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 disposition or transfer in the ordinary course of business 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 listed on Section 5.4(j) to the sale of Equipment in accordance with LenderBorrower’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. The Borrower will not sell, lease, transfer, convey, or otherwise dispose of any substantially all or all of its assets or Collateral, other than the sale of Inventory Collateral except in the ordinary course of business or the sale of Equipment in accordance with Lender’s prior written consent under Section 5.4(e) hereofits business.
Appears in 2 contracts
Samples: Credit Agreement (Mikron Infrared Inc), Credit Agreement (Mikron Infrared 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 1 contract
Samples: Loan and Security Agreement (Valence Technology 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 Equipment and motor vehicles to the ordinary course of business or the sale of Equipment in accordance with Lender’s prior written consent extent expressly permitted under Section 5.4(e) hereof.
Appears in 1 contract
Disposition of Assets or Collateral. The ----------------------------------- Borrower will not sell, lease, transfer, convey, or otherwise dispose of any or all of its assets or Collateral, other than the sale or lease 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) hereofbusiness.
Appears in 1 contract
Samples: Credit and Security Agreement (Cadapult Graphic Systems 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 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.
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