Common use of LIMITATION ON SALE OF PROPERTIES Clause in Contracts

LIMITATION ON SALE OF PROPERTIES. Neither Borrower nor any Guarantor shall 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.

Appears in 3 contracts

Samples: Loan Agreement (Amresco Inc), Credit Agreement (Amresco Inc), Credit Agreement (Amresco Inc)

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LIMITATION ON SALE OF PROPERTIES. Neither No Borrower nor any Guarantor shall 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.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Amresco Inc), Loan Agreement (Amresco Inc)

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