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

Extraordinary Transactions and Disposal of Assets. The Borrower will not 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.

Appears in 3 contracts

Samples: Loan Agreement (Goldspring Inc), Loan Agreement (Goldspring Inc), Loan Agreement (Goldspring Inc)

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Extraordinary Transactions and Disposal of Assets. The Borrower will not enter into any transaction not in the ordinary and usual course of Borrower’s 's business, including the sale, lease, or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Borrower’s 's properties or assetsassets without lenders reasonable consent.

Appears in 3 contracts

Samples: Loan Agreement (Freedom Environmental Services, Inc.), Loan Agreement (Freedom Environmental Services, Inc.), Loan Agreement (Freedom Environmental Services, Inc.)

Extraordinary Transactions and Disposal of Assets. The Borrower will shall not 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 assetsassets (other than sales of Inventory to buyers in the ordinary course of Borrower’s business as currently conducted) except as permitted by this Agreement or the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Orange 21 Inc.)

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Extraordinary Transactions and Disposal of Assets. The Borrower will shall not enter into any transaction not in the ordinary and usual course of Borrower’s '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 's properties or assetsassets (other than sales of Inventory to buyers in the ordinary course of Borrower's business as currently conducted) except as permitted by this Agreement or the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Mendocino Brewing Co Inc)

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