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 course of the Business, including the sale, lease, license, moving, relocation, transfer or other disposition, whether by sale or otherwise, of any of the assets of the Company or its Subsidiaries except for sales of inventory in the ordinary course of business or except as expressly permitted by this Note.

Appears in 4 contracts

Samples: Subordinated Note (Spy Inc.), Subordinated Note (Spy Inc.), Debt Subordination Agreement (Spy Inc.)

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Extraordinary Transactions and Disposal of Assets. Enter into any transaction not in the ordinary and usual course of the BusinessBorrower's business, including the sale, lease, licenseor other disposition of, moving, relocation, transfer or other dispositiontransfer, whether by sale or otherwise, of any of the Borrower's properties or assets of the Company or its Subsidiaries except for (other than sales of inventory Inventory to buyers in the ordinary course of Borrower's business or except as expressly permitted by this Notecurrently conducted).

Appears in 3 contracts

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

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