Dispositions of Equipment. No Loan Party 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) to the extent otherwise permitted hereby, 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.
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Samples: Loan, Security and Guaranty Agreement (Transport America, Inc.), Loan, Security and Guaranty Agreement (Transport America, Inc.)
Dispositions of Equipment. No Loan Party shall sell, lease or otherwise dispose of any Equipment, without the prior written consent of AgentLender, other than (a) a Permitted Asset Disposition; and (b) to the extent otherwise permitted hereby, 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.
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Samples: Loan and Security Agreement (Craftmade International Inc)
Dispositions of Equipment. No Loan Party 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) to the extent otherwise permitted hereby, replacement of Equipment that is worn, damaged or obsolete with other Equipment of like function and valuefunction, if the replacement Equipment is acquired substantially contemporaneously with within 180 days after such disposition (to the extent the Reinvestment Conditions have been satisfied) and is free of Liens (other than Permitted Liens); and (c) any disposition that is otherwise permitted under Section 10.2.7 hereof.
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Samples: Loan and Security Agreement (Hudson Highland Group Inc)
Dispositions of Equipment. No Loan Party 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) to the extent otherwise permitted hereby, replacement of Equipment that is worn, damaged or obsolete with Equipment of like function and valueobsolete, if the replacement Equipment is acquired substantially contemporaneously with such disposition and is free of Liens.
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