Common use of Disposition of Assets or Collateral Clause in Contracts

Disposition of Assets or Collateral. Sell, lease, or otherwise transfer or dispose of any or all of the Collateral or other assets of Borrower, other than the sale of Inventory in the ordinary course of business and the retirement of other assets in the normal course of operations.

Appears in 4 contracts

Samples: Loan and Security Agreement (Judge Group Inc), Revolving Loan and Security Agreement (Measurement Specialties Inc), Loan and Security Agreement (Judge Group Inc)

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Disposition of Assets or Collateral. Sell, lease, license, or otherwise transfer or dispose of any or all of the Collateral or other assets of Borrower, Borrower other than (a) the sale or license of Inventory in the ordinary course of business business, and (b) the retirement disposition of other assets used, worn-out or surplus property in the normal ordinary course of operationsbusiness.

Appears in 1 contract

Samples: Loan and Security Agreement (Intelligroup Inc)

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