Common use of Negative Covenants of Guarantor Clause in Contracts

Negative Covenants of Guarantor. 13.1 The Borrower covenants and agrees that at all times from and after the closing date, unless the Bank shall otherwise consent in writing, which consent shall not be unreasonably withheld, it will not, either directly or indirectly, sell, lease, transfer, (except within the Borrower's own organization) or dispose (other than in the normal course of business) of all or a substantial part of its business or assets.

Negative Covenants of Guarantor. 13.1 The Borrower Guarantor covenants and agrees that at all times from and after the closing date, unless the Bank shall otherwise consent in writing, which consent shall not be unreasonably withheld, it will not, either directly or indirectly, sell, lease, transfer, (except within the BorrowerGuarantor's own organization) or dispose (other than in the normal course of business) of all or a substantial part of its business or assets.