Common use of LIMITATION ON SALE OF PROPERTIES Clause in Contracts

LIMITATION ON SALE OF PROPERTIES. (a) Borrower shall not, and shall not permit its Subsidiaries (if any) to (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business, whether now owned or hereafter acquired, except in the ordinary course of its business and for a fair consideration, or (ii) sell, assign or discount any accounts receivable except in the ordinary course of business or to secure bank or commercial working capital loans in the ordinary course of business.

LIMITATION ON SALE OF PROPERTIES. (a) Borrower shall not, and shall not permit its Subsidiaries (if any) to to, (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or businessbusiness (including the capital stock of its operating Subsidiaries), whether now owned or hereafter acquired, without the consent of the Lender, except in the ordinary course of its business and for a fair considerationbusiness, or (ii) sell, assign or discount any accounts receivable receivable, except in the ordinary course of business (which shall include receivable financing or to secure bank or commercial working capital loans in the ordinary course of businesssecuritization).

LIMITATION ON SALE OF PROPERTIES. (a) Borrower Borrowers shall not, and shall not permit its Subsidiaries (if any) any of the other Companies to (ia) sell, assign, convey, exchange, lease lease, or otherwise dispose of any of its properties, rights, assets assets, or business, whether now owned or hereafter acquired, except in the ordinary course of its business and for a fair consideration, or (iib) sell, assign assign, or discount any accounts receivable except in the ordinary course of business or to secure bank or commercial working capital loans in the ordinary course of businessreceivable.

LIMITATION ON SALE OF PROPERTIES. (a) Borrower shall not, note and shall not permit its Subsidiaries (Subsidiaries, if any) , to (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business, whether now owned or hereafter acquired, except in the ordinary course of its business and for a fair consideration, ; or (ii) sell, assign or discount any accounts receivable except in for the ordinary course of business or to secure bank or commercial working capital loans in the ordinary course of business.

LIMITATION ON SALE OF PROPERTIES. (a) Borrower shall not, and shall not permit any of its Subsidiaries (if any) to (ia) sell, assign, convey, exchange, lease lease, or otherwise dispose of any of its properties, rights, assets or business, whether now owned or hereafter acquired, except in excess of $500,000 in the aggregate in any fiscal year outside the ordinary course of its business and for a fair considerationbusiness, or (iib) sell, assign assign, or discount any accounts receivable except in the ordinary course of business or to secure bank or commercial working capital loans in the ordinary course of businessReceivables.

LIMITATION ON SALE OF PROPERTIES. (a) Borrower shall not, and shall not permit its Subsidiaries (if any) , to (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business, whether now owned or hereafter acquired, except in the ordinary course of its business and for a fair consideration, or (ii) sell, assign or discount any accounts receivable except in the ordinary course of business or to secure bank or commercial working capital loans in the ordinary course of businessloans.

LIMITATION ON SALE OF PROPERTIES. (a) Borrower shall not, and shall not permit its Subsidiaries (if any) any of the other Companies to (ia) sell, assign, convey, exchange, lease lease, or otherwise dispose of any of its properties, rights, assets assets, or business, whether now owned or hereafter acquired, including, without limitation, the capital stock of any Subsidiary, except in the ordinary course of its business and for a fair consideration, or (iib) sell, assign assign, or discount any accounts receivable except in the ordinary course of business or to secure bank or commercial working capital loans in the ordinary course of businessreceivable.

LIMITATION ON SALE OF PROPERTIES. (a) Borrower or Parent shall not, and shall not permit its Subsidiaries (if any) to (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business, whether now owned or hereafter acquired, except in the ordinary course of its business and for a fair consideration, or (ii) sell, assign or discount any accounts receivable except in the ordinary course of business or to secure bank or commercial working capital loans in the ordinary course of business.

LIMITATION ON SALE OF PROPERTIES. (a) Borrower shall not, and shall not permit its Subsidiaries (if any) to (i) sell, assign, convey, exchange, lease lease, or otherwise dispose of any all or substantially all of its properties, rights, assets assets, or business, whether now owned or hereafter acquired, except in the ordinary course of its business and for a fair consideration, or (ii) sell, assign or discount any accounts receivable except in the ordinary course of business or to secure bank or commercial working capital loans in the ordinary course of business.