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

Extraordinary Transactions and Disposal of Assets. Consummate 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 2 contracts

Samples: Loan Agreement (Cartoon Acquisition, Inc.), Loan and Security Agreement (Millbrook Press Inc)

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Extraordinary Transactions and Disposal of Assets. Consummate Enter into any transaction not in the ordinary and usual course of Borrower's business, including the salebut not limited to, leasesell, lease or other disposition otherwise dispose of, movingmove, relocation, relocate 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 and usual course of Borrower's business as currently presently conducted).; incur any debts outside the ordinary and

Appears in 1 contract

Samples: Loan and Security Agreement (Tristar Corp)

Extraordinary Transactions and Disposal of Assets. Consummate 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 material portion 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 1 contract

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)

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Extraordinary Transactions and Disposal of Assets. Consummate 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 and sales of obsolete Equipment in the ordinary course of Borrower's business for prices at or above Borrower's book value for such Equipment).

Appears in 1 contract

Samples: Loan and Security Agreement (Victoria Creations Inc)

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