Common use of Limitation on Sales of Property Clause in Contracts

Limitation on Sales of Property. Neither Buyer nor any ------------------------------- Subsidiary thereof will sell, transfer, lease, exchange, alienate or dispose of any of its assets or properties except: (a) equipment which is worthless or obsolete or which is replaced by equipment of equal suitability and value; (b) inventory (including oil and gas sold as produced and seismic data) which is sold in the ordinary course of business on ordinary trade terms; or (c) other property which is sold for fair consideration not in the aggregate in excess of $500,000 in any Fiscal Year (commencing with Fiscal Year 2000).

Limitation on Sales of Property. Neither Buyer the Company nor any ------------------------------- Subsidiary thereof will sell, transfer, lease, exchange, alienate or dispose of any of its assets or properties except: (a) equipment which is worthless or obsolete or which is replaced by equipment of equal suitability and value; (b) inventory (including oil and gas sold as produced and seismic data) which is sold in the ordinary course of business on ordinary trade terms; or (c) other property which is sold for fair consideration not in the aggregate in excess of $500,000 in any Fiscal Year (commencing with Fiscal Year 20001999).

Limitation on Sales of Property. Neither Buyer the Company nor any ------------------------------- Subsidiary thereof will sell, transfer, lease, exchange, alienate or dispose of any of its assets or properties except: (a) equipment which is worthless or obsolete or which is replaced by equipment of equal suitability and value; (b) inventory (including oil and gas sold as produced and seismic data) which is sold in the ordinary course of business on ordinary trade terms; or or (c) other property which is sold for fair consideration not in the aggregate in excess of $500,000 in any Fiscal Year (commencing with Fiscal Year 20001999).

Limitation on Sales of Property. Neither Buyer the Company nor any ------------------------------- Subsidiary thereof will sell, transfer, lease, exchange, alienate or dispose of any of its assets or properties except: (a) equipment which is worthless or obsolete or which is replaced by equipment of equal suitability and value; (b) inventory (including oil and gas sold as produced and seismic data) which is sold in the ordinary course of business on ordinary trade terms; or (c) other property which is sold for fair consideration not in the aggregate in excess of $500,000 in any Fiscal Year (commencing with Fiscal Year 20001999).