Common use of Dispositions of Assets Clause in Contracts

Dispositions of Assets. During the Interim Period, Seller shall not, without the prior consent of Buyer, transfer, farmout, sell, encumber, remove or otherwise dispose of any Assets, except for (a) sales and dispositions of Hydrocarbon production in the ordinary course of business, or (b) sales of equipment for which replacement equipment of at least equal value is obtained.

Dispositions of Assets. During the Interim Period, Seller shall not, without the prior consent of Buyer, transfer, farmout, sell, encumber, remove encumber or otherwise dispose of any Assets, except for (a) sales and dispositions of Hydrocarbon production in the ordinary course of business, or (b) sales of equipment that is no longer necessary in the operation of the Assets or for which replacement equipment of at least equal value is obtained.

Dispositions of Assets. During the Interim Period, no Seller shall notshall, without the prior consent of Buyer, transfer, farmout, sell, encumber, remove encumber or otherwise dispose of its interest in any Assetsof the Assets (or agree to any of the foregoing), except for (a) sales and dispositions of Hydrocarbon production in the ordinary course of business, or (b) sales of equipment that is no longer necessary in the operation of the Assets or for which replacement equipment of at least equal value an equivalent or better quality is obtainedobtained prior to Closing.

Dispositions of Assets. During the Interim Period, Seller shall not, without the prior consent of BuyerBuyer (which consent shall not be unreasonably withheld or delayed), transfer, farmout, sell, encumber, remove encumber or otherwise dispose of any Assets, except for (a) sales and dispositions of Hydrocarbon production in the ordinary course of business, or (b) sales of equipment for which replacement equipment of at least equal value is obtained.