Common use of Maintenance of Assets Clause in Contracts

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except in the ordinary course of the Borrower’s business.

Appears in 23 contracts

Samples: Credit Agreement, Loan Agreement (Technical Communications Corp), First Amended And (Schmitt Industries Inc)

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Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s 's business or the Borrower’s 's assets except in the ordinary course of the Borrower’s 's business.

Appears in 18 contracts

Samples: Loan Agreement (American Shared Hospital Services), Loan Agreement (Radiant Logistics, Inc), Loan Agreement (California First National Bancorp)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s 's business or the Borrower’s 's assets except inventory sold in the ordinary course of the Borrower’s 's business.

Appears in 8 contracts

Samples: Loan Agreement (Solitron Devices Inc), Loan Agreement (HF Foods Group Inc.), Loan Agreement (Mechanical Technology Inc)

Maintenance of Assets. (a) Not to sell, assign, leasetease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except in the ordinary course of the Borrower’s business.,

Appears in 4 contracts

Samples: Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except in the ordinary course of the Borrower’s business.

Appears in 3 contracts

Samples: Real Estate Loan Agreement, Note and Agreement (Premier Exhibitions, Inc.), Estate Loan Agreement (Diversified Restaurant Holdings, Inc.)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except inventory sold in the ordinary course of the Borrower’s business and except for the disposition of assets no longer used or useful in the Borrower’s business.

Appears in 2 contracts

Samples: Loan Agreement (Servotronics Inc /De/), Loan Agreement (Servotronics Inc /De/)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any material part of the Borrower’s business or the Borrower’s assets except in the ordinary course of the Borrower’s business.

Appears in 2 contracts

Samples: Loan Agreement (Graham Corp), Loan Agreement (Graham Corp)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the any Borrower’s business or the any Borrower’s assets except (i) in the ordinary course of the Borrower’s business, or (ii) to a wholly-owned, direct or indirect subsidiary of Borrowers.

Appears in 2 contracts

Samples: Loan Agreement (Resources Connection Inc), Loan Agreement (Resources Connection Inc)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s 's business or the Borrower’s 's assets except in the ordinary course of the Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (DLH Holdings Corp.)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the any Borrower’s 's business or the any Borrower’s 's assets except in the ordinary course of the Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (Air T Inc)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business assets for less than fair market value, or the Borrower’s assets except in the ordinary course of the Borrower’s businessenter into any agreement to do so.

Appears in 1 contract

Samples: Loan Agreement (Roadhouse Grill Inc)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the any Borrower’s 's business or the any Borrower’s 's assets to an unaffiliated party except in the ordinary course of the Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (California First National Bancorp)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s 's business or the Borrower’s 's assets except (i) in the ordinary course of the Borrower’s business's business or (ii) as permitted under the Sxxxxxx Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Energy 11, L.P.)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s 's business or the Borrower’s 's assets except in the ordinary course of the Borrower’s its business.

Appears in 1 contract

Samples: Loan Agreement (Pebblebrook Hotel Trust)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or any material part of the Borrower’s assets except in the ordinary course of the Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (Move Inc)

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Maintenance of Assets. (a) Not Not, and not permit its subsidiaries, to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s (or such subsidiary’s) business or the Borrower’s assets except in the ordinary course of the Borrower’s business.

Appears in 1 contract

Samples: Business Loan Agreement (Calavo Growers Inc)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except inventory sold in the ordinary course of the Borrower’s business and obsolete or worn-out equipment and equipment and other assets no longer useful in the Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (Lapolla Industries Inc)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except in the ordinary course of the Borrower’s businessbusiness and except for such dispositions as may be necessary in connection with remedial actions taken by the Borrower to remedy certain Plans, as disclosed to the Bank prior to the date of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (California Water Service Group)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except in the ordinary course of the Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except in the ordinary course of the Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (Xeta Technologies Inc)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s business or the Borrower’s assets except in the ordinary course of the Borrower’s business, as in a sale of copiers that are obsolete and have been fully depreciated, nor permit any of its subsidiaries to do so.

Appears in 1 contract

Samples: Business Loan Agreement (TRM Corp)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the any Borrower’s business or the any Borrower’s assets except in the ordinary course of the Borrower’s business.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the Borrower’s 's business or the Borrower’s 's assets except in the ordinary course of the Borrower’s 's business and except for dispositions of assets which are obsolete, worn-out, or no longer used or useful in the Borrower's business.

Appears in 1 contract

Samples: Loan Agreement (Mimedx Group, Inc.)

Maintenance of Assets. (a) Not to sell, assign, lease, transfer or otherwise dispose of any part of the any Borrower’s business or the any Borrower’s assets except in the ordinary course of the such Borrower’s businessbusiness and except for such dispositions as may be necessary in connection with remedial actions taken by the Borrowers to remedy certain Plans, as disclosed to the Bank prior to the date of this Agreement. .

Appears in 1 contract

Samples: Loan Agreement (California Water Service Group)

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