Common use of LIMITATION ON SALE OF PROPERTIES Clause in Contracts

LIMITATION ON SALE OF PROPERTIES. No Borrower 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.

LIMITATION ON SALE OF PROPERTIES. No Borrower None of the Borrowers -------------------------------- shall sell, assign, convey, exchange, lease or otherwise dispose of any of its Collateral, properties, rights, assets or business, whether now owned or hereafter acquired, except (a) in the ordinary course of its business, and (b) obsolete or worn out property, or equipment sold in contemplation of the acquisition of replacement equipment of at least equal value or utility.

LIMITATION ON SALE OF PROPERTIES. No Borrower shall not (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 businessbusiness and for a fair consideration, or (ii) sell, assign or discount any Accounts.