Common use of Limitation on Sales of Property Clause in Contracts

Limitation on Sales of Property. No Restricted Person will sell, transfer, lease, exchange, alienate or dispose of any of its material assets or properties or any material interest therein except, to the extent not otherwise forbidden under the Security Documents:

Appears in 1 contract

Samples: Credit Agreement (Continental Natural Gas Inc)

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Limitation on Sales of Property. No Restricted Person will sell, transfer, lease, exchange, alienate or dispose of any Collateral or any of its material assets or properties or any material interest therein except, to the extent not otherwise forbidden under the Security Documents:

Appears in 1 contract

Samples: Credit Agreement (Genesis Energy Lp)

Limitation on Sales of Property. No Restricted Person will sell, transfer, lease, exchange, alienate or dispose of any Acquired Units except in compliance with Section 2.7(b), or any of its other material assets or properties or any material interest therein therein, or discount, sell, pledge or assign any notes payable to it, accounts receivable or future income, except, to the extent not otherwise forbidden under the Security Documents:, equipment which is worthless or obsolete or which is replaced by equipment of equal suitability and value.

Appears in 1 contract

Samples: Term Loan Agreement (First Reserve Gp Ix Inc)

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Limitation on Sales of Property. No Restricted Person will sell, transfer, lease, exchange, alienate or dispose of any Collateral or any of its material assets or properties or any material interest therein except, to the extent not otherwise forbidden under the Security Documents: (a) equipment which is worthless or obsolete or which is replaced by equipment of equal suitability and value;

Appears in 1 contract

Samples: Credit Agreement (United States Exploration Inc)

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