Common use of Limitation on Sale of Assets Clause in Contracts

Limitation on Sale of Assets. The Borrowers shall not convey, sell, lease, assign, transfer or otherwise dispose of (collectively, "Transfer"), all or substantially all of its Property, business or assets (including, without limitation, receivables and leasehold interests) whether now owned or hereafter acquired or allow any Subsidiary to Transfer substantially all of its assets to any Person; provided, that either Borrower may after prior written notice to the Lender allow such action with respect to any Subsidiary which is not a material part of the Borrower's overall business operations.

Limitation on Sale of Assets. The Borrowers No Borrower shall not convey, sell, lease, assign, transfer transfer, or otherwise dispose of (collectively, "“Transfer"”), all or substantially all any portion of its Property, business business, or assets (including, without limitation, receivables and leasehold interests) whether now owned or hereafter acquired or allow any Subsidiary to Transfer substantially any portion all of its assets to any Person; provided, that either Borrower may after prior written notice to the Lender allow such action with respect to any Subsidiary which is not a material part of the Borrower's overall business operations.

Limitation on Sale of Assets. The Borrowers Borrower shall not convey, sell, lease, assign, transfer or otherwise dispose of (collectively, "“Transfer"”), all or substantially all of its Property, business or assets (including, without limitation, receivables and leasehold interests) whether now owned or hereafter acquired or allow any Subsidiary to Transfer substantially all of its assets to any Person; provided, that either the Borrower may after prior written notice to the Lender allow such action with respect to any Subsidiary which is not a material part of the Borrower's ’s overall business operations.

Limitation on Sale of Assets. The Borrowers Borrower shall not convey, sell, ,lease, assign, transfer or otherwise dispose of (collectively, "“Transfer"”), all or substantially all of its Property, business or assets (including, without limitation, receivables and leasehold interests) whether now owned or hereafter acquired or allow any Subsidiary to Transfer substantially all of its assets to any Person; provided, that either the Borrower may after prior written notice to the Lender allow such action with respect to any Subsidiary which is not a material part of the Borrower's ’s overall business operations.

Limitation on Sale of Assets. The Borrowers Borrower shall not convey, sell, lease, assign, transfer or otherwise dispose of (collectively, "Transfer"), all or substantially all of its Property, business or assets (including, without limitation, receivables and leasehold interests) ), whether now owned or hereafter acquired acquired, or allow any Subsidiary Related Party to Transfer substantially all of its assets to any Person; provided, that either the Borrower may after prior written notice to the Lender allow such action with respect to any Subsidiary Related Party which is not a material part of the Borrower's overall business operations.

Limitation on Sale of Assets. The Borrowers Borrower shall not convey, sell, lease, assign, transfer or otherwise dispose of (collectively, "Transfer"), all or substantially all of its Property, business or assets (including, without limitation, receivables and leasehold interests) whether now owned or hereafter acquired or allow any Subsidiary Related Party to Transfer substantially all of its assets to any Person; provided, that either the Borrower may after prior written notice to the Lender allow such action with respect to any Subsidiary Related Party which is not a material part of the Borrower's overall business operations.

Limitation on Sale of Assets. The Borrowers Upon the occurrence of an Event of Default, the Borrower shall not convey, sell, lease, assign, transfer or otherwise dispose of (collectively, "Transfer"), all or substantially all of its Property, business or assets (including, without limitation, receivables and leasehold interests) whether now owned or hereafter acquired or allow any Subsidiary to Transfer substantially all of its assets to any Person; provided, that either the Borrower may after prior written notice to the Lender allow such action with respect to any Subsidiary which is not a material part of the Borrower's overall business operations.