Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts and leasehold interests), whether now owned or hereafter acquired, except as expressly permitted by the Operative Documents.
Appears in 4 contracts
Samples: Credit Agreement (Onyx Acceptance Corp), Triple a One Credit Agreement (Onyx Acceptance Corp), Credit Agreement (Onyx Acceptance Corp)
Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts receivables and leasehold interests), whether now owned or hereafter acquiredacquired to any Person, except as expressly permitted by except: (a) the Operative Documentsconveyance, sale, lease, assignment, transfer or other disposition of obsolete or surplus property in the ordinary course of business; and (b) the sale of inventory in the ordinary course of business.
Appears in 2 contracts
Samples: Bridge Loan Agreement (Minim, Inc.), Bridge Loan Agreement (Hitchcock Jeremy P.)
Limitation on Sale of Assets. Convey, sell, leaseassign, transfer, lease or otherwise dispose of, or permit any of its Subsidiaries to convey, sell, assign, transfer transfer, lease or otherwise dispose of, any of the Collateral or any of its property, business or assets (including, without limitation, Contracts and leasehold interests)assets, whether now owned or hereafter acquired, except as expressly permitted by except:
(a) obsolete or worn-out equipment or inventory disposed of in the Operative Documentsordinary course of business; and
(b) the sale of inventory in the ordinary course of business.
Appears in 2 contracts
Samples: Credit Agreement (Computer Learning Centers Inc), Credit Agreement (Computer Learning Centers Inc)
Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts and leasehold interests), whether now owned or hereafter acquired, except as expressly permitted by provided in the Operative Documents.
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Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts and leasehold intereststhe Assets after purchase pursuant to the Asset Purchase Agreement), whether now owned or hereafter acquired, except as expressly permitted by the Operative Documentsfor transactions effected in compliance with subsection 3.2(b) of this Agreement.
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Limitation on Sale of Assets. ConveyOther than in the ordinary course of business, convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any equity interest of such Subsidiary’s equity interest, to any Person other than Holdings, Satellite or any of their respective Subsidiaries, except as expressly permitted by the Operative Documentsin Section 7.4(b).
Appears in 1 contract
Samples: Senior Subordinated Term Loan Agreement (Iridium Communications Inc.)
Limitation on Sale of Assets. Convey, sell, lease, assign, exchange, transfer or otherwise dispose of (a "Disposition") any of its property, business or assets (including, without limitation, Contracts receivables and leasehold interests), whether now owned or hereafter acquiredacquired to any Person or, except as expressly permitted by in the Operative Documents.case of any Restricted Subsidiary, issue or sell any shares of or other interests in such Restricted Subsidiary's Capital Stock to any Person other than the Borrower, except:
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Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts Receivables and leasehold interests)interests therein) which is valued in excess of $10,000, whether now owned or hereafter acquired, except as expressly permitted by the Operative DocumentsAgreements.
Appears in 1 contract
Samples: Loan and Security Agreement (Essex International Inc /)
Limitation on Sale of Assets. Convey, sell, lease, assign, ---------------------------- transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts receivables and leasehold interests), whether now owned or hereafter acquired, except as expressly permitted by other than (a) the Operative Documentsassignments and transfers contemplated hereby and (b) sales or other dispositions of property with an aggregate book value not exceeding $10,000 in any period of twelve consecutive fiscal months.
Appears in 1 contract
Samples: Receivables Transfer and Servicing Agreement (Waste Management Inc /De/)