Common use of Extraordinary Transactions and Disposal of Assets Clause in Contracts

Extraordinary Transactions and Disposal of Assets. Enter into any transaction not in the ordinary and usual course of Borrower's business, including the sale, lease, or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Borrower's properties or assets (other than sales of Inventory to buyers in the ordinary course of Borrower's business as currently conducted).

Appears in 3 contracts

Samples: Loan and Security Agreement (Bollinger Industries Inc), Loan and Security Agreement (Bollinger Industries Inc), Loan and Security Agreement (Mednet MPC Corp)

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Extraordinary Transactions and Disposal of Assets. Enter into any transaction not in the ordinary and usual course of Borrower's business, including for the sale, lease, license or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Borrower's properties or assets (other than sales outside of Inventory to buyers in the ordinary course of Borrower's business as currently conducted)business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Array Biopharma Inc), Loan and Security Agreement (Array Biopharma Inc)

Extraordinary Transactions and Disposal of Assets. Enter into any transaction not in the ordinary and usual course of Borrower's business, including the sale, lease, license or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Borrower's properties or assets (assets, other than (i) sales of Inventory to buyers inventory in the ordinary and usual course of Borrower's business as currently conducted)presently conducted and (ii) sales or other dispositions in the ordinary course of business of assets, other than Collateral, that have become worn out or obsolete or that are promptly being replaced.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Mitokor)

Extraordinary Transactions and Disposal of Assets. Enter into any transaction not in the ordinary and usual course of Borrower's business, including including, but not limited to, the sale, lease, or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Borrower's properties or assets (other than sales of Inventory to buyers in the ordinary course of Borrower's business as currently conducted).or

Appears in 1 contract

Samples: Loan and Security Agreement (Phoenix Network Inc)

Extraordinary Transactions and Disposal of Assets. Enter into any transaction not in the ordinary and usual course of Borrower's business, including the sale, lease, license or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Borrower's properties or assets (assets, other than (i) sales of Inventory to buyers inventory in the ordinary and usual course of Borrower's business as currently conducted).presently conducted and (ii) sales or other dispositions in

Appears in 1 contract

Samples: Loan and Security Agreement (Nextcard Inc)

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Extraordinary Transactions and Disposal of Assets. Enter into any transaction not in the ordinary and usual course of Borrower's business, including the sale, lease, license or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Borrower's properties or assets (assets, other than (i) sales of Inventory to buyers inventory in the ordinary and usual course of Borrower's business as currently conducted)presently conducted and (ii) sales or other dispositions in the ordinary course of business of assets that have become worn out or obsolete or that are promptly being replaced.

Appears in 1 contract

Samples: Loan and Security Agreement (NeuroMetrix, Inc.)

Extraordinary Transactions and Disposal of Assets. Enter into any transaction not in the ordinary and usual course of Borrower's business, including the sale, lease, or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Borrower's properties or assets (other than sales of Inventory to buyers in the ordinary course of Borrower's business as currently conductedconducted or the disposition or moving of any tooling in the possession of Borrower's foreign vendors and located outside the United States).

Appears in 1 contract

Samples: Loan and Security Agreement (Salton Maxim Housewares Inc)

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