Common use of Limitation on Sale of Assets Clause in Contracts

Limitation on Sale of Assets. The Borrower will not, and will not permit any of the Restricted Subsidiaries to, (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower or the Restricted Subsidiaries) or (ii) sell to any Person (other than the Borrower or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stock, except that:

Limitation on Sale of Assets. The Borrower Credit Parties will not, and will not permit any of the their respective Restricted Subsidiaries to, (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower or the Restricted Subsidiaries) or (ii) sell to any Person (other than the Borrower or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stock, except that:

Limitation on Sale of Assets. The Borrower will not, and will not permit any of the Restricted Subsidiaries to, (ix) convey, sell, lease, sell and leaseback, assign, transfer (including any Production Payments and Reserve Sales), contribute, distribute or otherwise dispose (including Liquidating any Hedge Agreement) (each of the foregoing a “Disposition”) of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower or the Restricted Subsidiaries) or (iiy) sell to any Person (other than the Borrower or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stockEquity Interests, except that:

Limitation on Sale of Assets. The Borrower will not, and will not permit any of the Restricted Subsidiaries to, (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower or the Restricted Subsidiaries) or (ii) sell to any Person (other than the Borrower or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stockStock and Stock Equivalents, except that:

Limitation on Sale of Assets. The Borrower will not, and nor will not it permit any of the Restricted Subsidiaries to, : (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower or the Restricted Subsidiaries) or (ii) sell to any Person (other than the Borrower or a Restricted Subsidiary Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stockStock and Stock Equivalents, except that:

Limitation on Sale of Assets. The Borrower Company will not, and will not permit any of the Restricted Subsidiaries to, (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, condemnation of any assets of the Borrower Company or the Restricted Subsidiaries) or (ii) sell to any Person (other than the Borrower Company or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stockStock and Stock Equivalents, except that:

Limitation on Sale of Assets. The Borrower will not, and will not permit any of the Restricted Subsidiaries to, (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, condemnation of any assets of the Borrower or the Restricted Subsidiaries) or (ii) sell to any Person (other than the Borrower Borrower, a Guarantor or a GuarantorRestricted Foreign Subsidiary) any shares owned by it of any Restricted Subsidiary’s capital stock, except that:

Limitation on Sale of Assets. The Each Borrower will not, and will not permit any of the Restricted Subsidiaries to, (ix) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the such Borrower or the Restricted Subsidiaries) or (iiy) sell to any Person (other than the a Borrower or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stockStock and Stock Equivalents, except that:

Limitation on Sale of Assets. The Borrower will not, and will not permit any of the Restricted its Subsidiaries to, (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including including, without limitation, receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower or the Restricted its Subsidiaries) or (ii) issue or sell any shares of a Subsidiary's capital stock to any Person (other than the Borrower or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stock, except that:

Limitation on Sale of Assets. The Each of Holdings and the Borrower will not, and will not permit any of the Restricted Subsidiaries to, (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower or the Restricted Subsidiaries) or (ii) sell to any Person (other than the Borrower or a Guarantor) any shares owned by it or newly issued shares of any Restricted Subsidiary’s capital stock, except that:

Limitation on Sale of Assets. The Borrower will not, not and will not permit any of the Restricted Subsidiaries to, to (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (each, a “Disposition”) (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnationa Recovery Event), of any assets of the Borrower or the Restricted Subsidiaries) or (ii) sell to any 172 LPL – Conformed A&R Credit Agreement Person (other than to the Borrower or a Subsidiary Guarantor) any shares owned by it of any of their respective Restricted Subsidiary’s capital stockSubsidiaries’ Capital Stock, except that:

Limitation on Sale of Assets. The Borrower Neither Holdings, nor the Company will, nor will not, and will not they permit any of the Restricted Subsidiaries to, : (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower Company or the Restricted Subsidiaries) or (ii) sell to 125 any Person (other than the Borrower Company or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stockStock and Stock Equivalents, except that:

Limitation on Sale of Assets. The Borrower will not, not and will not permit any of the Restricted Subsidiaries to, to (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including Capital Stock in a Subsidiary and receivables and leasehold interests), whether now owned or hereafter acquired (each, a “Disposition”) (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnationa Recovery Event), of any assets of the Borrower or the Restricted Subsidiaries) or (ii) sell to any Person (other than to the Borrower or a Guarantor) any shares owned by it of any of their respective Restricted Subsidiary’s capital stockSubsidiaries’ Capital Stock, except thatexcept:

Limitation on Sale of Assets. The Borrower Neither Holdings, nor the Company will, nor will not, and will not they permit any of the Restricted Subsidiaries to, : (i) convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including receivables and leasehold interests), whether now owned or hereafter acquired (other than any such sale, transfer, assignment or other disposition resulting from any casualty or condemnation, of any assets of the Borrower Company or the Restricted Subsidiaries) or (ii) sell to any Person (other than the Borrower Company or a Guarantor) any shares owned by it of any Restricted Subsidiary’s capital stockStock and Stock Equivalents, except that: