Common use of LIMITATION ON SALE OF PROPERTIES Clause in Contracts

LIMITATION ON SALE OF PROPERTIES. Borrower shall not, and shall not permit its Subsidiaries to, (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business (including the capital stock of its operating Subsidiaries), whether now owned or hereafter acquired, without the consent of the Lenders, except in the ordinary course of business, or (ii) sell, assign or discount any accounts receivable, except in the ordinary course of business (which shall include receivable financing or securitization), in each case without the consent of the Lenders; provided, however, that Borrower may sell its securities to unaffiliated third parties for fair market value and to employees under its existing stock option plan.

LIMITATION ON SALE OF PROPERTIES. Borrower shall not, and shall not permit its Subsidiaries to, (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business (including the capital stock of its operating Subsidiaries), whether now owned or hereafter acquired, without the consent of the LendersLender, except in the ordinary course of business, or (ii) sell, assign or discount any accounts receivable, except in the ordinary course of business (which shall include receivable financing or securitization), in each case without the consent of the LendersLender; provided, however, that Borrower may sell its securities to unaffiliated third parties for fair market value at the current trading price, but not less than the conversion price and to employees under its existing stock option plan.

LIMITATION ON SALE OF PROPERTIES. Borrower shall not, and shall not permit its Subsidiaries to, (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business (including the capital stock of its operating Subsidiaries, including DLI), whether now owned or hereafter acquired, without the consent of the LendersLender, except in the ordinary course of business, or (ii) sell, assign or discount any accounts receivable, except in the ordinary course of business (which shall include receivable financing or securitization), in each case without the consent of the LendersLender; provided, however, that Borrower may sell its securities to unaffiliated third parties for fair market value at the current trading price, but not less than the conversion price and to employees under its existing stock option plan.

LIMITATION ON SALE OF PROPERTIES. Borrower shall not, and shall not permit its Subsidiaries to, (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business (including the capital stock of its operating Subsidiaries), whether now owned or hereafter acquired, without the consent acquired having a market value in excess of the Lenders, except $500,000 in the ordinary course any single transaction or series of businessrelated transactions, or (ii) sell, assign or discount any accounts receivable, receivable except in the ordinary course of business (which shall include receivable financing or securitization), in each case without the consent of the Lenders; provided, however, that Borrower may sell its securities to unaffiliated third parties for fair market value and to employees under its existing stock option plan.

LIMITATION ON SALE OF PROPERTIES. Borrower shall not, and shall not permit its Subsidiaries to, (i) sell, assign, convey, exchange, lease or otherwise dispose of any of its properties, rights, assets or business (including the capital stock of its operating Subsidiaries), whether now owned or hereafter acquired, acquired not constituting more than 20% in any single transaction or series of related transactions without the consent of the Lenders, except in the ordinary course of business, or (ii) sell, assign or discount any accounts receivable, except in the ordinary course of business (which shall include receivable financing or securitization), in each case without the consent of the Lenders; provided, however, that Borrower may sell its securities to unaffiliated third parties for fair market value and to employees under its existing stock option plan.