Common use of Limitation on Sales of Assets and Subsidiary Stock Clause in Contracts

Limitation on Sales of Assets and Subsidiary Stock. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, consummate any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolida tion or similar transaction (each referred to for the purposes of this definition as an "Asset Disposition"), of:

Appears in 2 contracts

Samples: Letter of Credit And (Contifinancial Corp), Reimbursement Agreement (Contifinancial Corp)

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Limitation on Sales of Assets and Subsidiary Stock. (a) The Company will shall not, and will shall not permit any Restricted restricted Subsidiary to, directly or indirectly, consummate any sale, leasesell, transfer or other disposition otherwise dispose of (collectively, a "disposition") any Capital Stock of any Person that owns, directly or series indirectly, all or a significant portion of related salesthe Tubular Business, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolida tion or similar transaction (each referred to for the purposes of this definition as an "Asset Disposition"), ofunless:

Appears in 2 contracts

Samples: Indenture (United States Steel Corp), United States Steel Corp

Limitation on Sales of Assets and Subsidiary Stock. (a) The Company will shall not, and will shall not permit any Restricted Subsidiary to, directly or indirectly, consummate any salesell, assign, lease, convey, transfer or other disposition otherwise dispose of (whether in one or a series of related salestransactions) any property (including accounts receivable and the Capital Stock of any Subsidiary) or enter into any agreement to do any of the foregoing, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolida tion or similar transaction (each referred to for the purposes of this definition as an "Asset Disposition"), ofexcept:

Appears in 2 contracts

Samples: Indenture (Cii Financial Inc), Cii Financial Inc

Limitation on Sales of Assets and Subsidiary Stock. (a) The Company will shall not, and will shall not permit any Restricted Subsidiary to, directly or indirectly, sell, lease, transfer or otherwise dispose of the Escrowed Property other than in accordance with the Escrow Agreement and the Escrow Security Agreement. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, consummate any saleAsset Disposition of property other than the Escrowed Property, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolida tion or similar transaction (each referred to for the purposes of this definition as an "Asset Disposition"), of:unless

Appears in 1 contract

Samples: Chiles Magellan LLC

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Limitation on Sales of Assets and Subsidiary Stock. The Company Borrower will not, and will not permit any Restricted Subsidiary to, directly or indirectly, consummate any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company Borrower or any Restricted Subsidiary, including any disposition by means of a merger, consolida tion consolidation or similar transaction (each referred to for the purposes of this definition as an "Asset Disposition"), of:

Appears in 1 contract

Samples: Credit Agreement (Contifinancial Corp)

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