Dispositions of Equipment. No Obligor shall sell, lease or otherwise dispose of any Equipment, without the prior written consent of Agent, other than a Permitted Asset Disposition.
Appears in 4 contracts
Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.), Loan and Security Agreement (Hydrofarm Holdings Group, Inc.), Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.)
Dispositions of Equipment. No Obligor shall sell, lease or otherwise dispose of any Equipment, without the prior written consent of Agent, other than (a) a Permitted Asset Disposition; and (b) replacement of Equipment that is worn, damaged or obsolete with Equipment of like function and value, if the replacement Equipment is acquired substantially contemporaneously with such disposition and is free of Liens.
Appears in 3 contracts
Samples: Loan and Security Agreement (Americas Carmart Inc), Loan, Guaranty and Security Agreement (Trident Microsystems Inc), Loan and Security Agreement (Bon Ton Stores Inc)
Dispositions of Equipment. No Obligor shall sell, lease lease, or otherwise dispose of any Equipment, without the prior written consent of Agent, other than (a) a Permitted Asset Disposition; or (b) Equipment that is worn-out, damaged or obsolete.
Appears in 1 contract
Samples: Loan and Security Agreement (Casella Waste Systems Inc)
