Common use of No Sale of Assets Clause in Contracts

No Sale of Assets. Without the prior written consent of Lessor, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) above. Any sale of Lessee’s assets in violation of this Section 14.03, shall be voidable at the sole option of Lessor. Any consent to a sale of Lessee’s assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of Lessee’s assets.

Appears in 3 contracts

Samples: Master Lease Agreement (Synalloy Corp), Master Lease Agreement (Synalloy Corp), Master Lease Agreement (Synalloy Corp)

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No Sale of Assets. Without the prior written consent of Lessor, which consent shall not be unreasonably withheld, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) aboveassets. Any sale of Lessee’s assets in violation of this Section 14.03, shall be voidable at the sole option of Lessor. Any consent to a sale of Lessee’s assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of Lessee’s assets.

Appears in 1 contract

Samples: Lease Agreement (API Technologies Corp.)

No Sale of Assets. Without Subject to Lessee’s rights under Section 14.02(b) and (c), without the prior written consent of Lessor, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) aboveassets. Any sale of Lessee’s assets in violation of this Section 14.03, shall be voidable at the sole option of Lessor. Any consent to a sale of LesseeXxxxxx’s assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of LesseeXxxxxx’s assets.

Appears in 1 contract

Samples: Master Lease Agreement (Local Bounti Corporation/De)

No Sale of Assets. Without Except in connection with a Permitted Transfer, without the prior written consent of Lessor, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) aboveassets. Any sale of Lessee’s assets in violation of this Section 14.03, shall be voidable at the sole option of Lessor. Any consent to a sale of Lessee’s assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of Lessee’s assets.

Appears in 1 contract

Samples: Master Lease Agreement (Live Oak Acquisition Corp)

No Sale of Assets. Without the prior written consent of Lessor, not to be unreasonably withheld, conditioned or delayed, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) aboveassets. Any sale of Lessee’s assets in violation of this Section 14.03, 14.03 shall be voidable at the sole option of Lessor. Any consent to a sale of LesseeXxxxxx’s assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of LesseeXxxxxx’s assets.

Appears in 1 contract

Samples: Master Lease Agreement (Ampco Pittsburgh Corp)

No Sale of Assets. Without the prior written consent of Lessor, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) above's assets. Any sale of Lessee’s 's assets in violation of this Section 14.03, shall be voidable at the sole option of Lessor. Any consent to a sale of Lessee’s 's assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of Lessee’s 's assets.

Appears in 1 contract

Samples: Lease Agreement (Salona Global Medical Device Corp)

No Sale of Assets. Without the prior written consent of Lessor, not to be unreasonably withheld, conditioned or delayed, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) aboveassets. Any sale of Lessee’s assets in violation of this Section 14.03, shall be voidable at the sole option of Lessor. Any consent to a sale of Lessee’s assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of Lessee’s assets.

Appears in 1 contract

Samples: Master Lease Agreement (Ampco Pittsburgh Corp)

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No Sale of Assets. Without Subject to Lessee’s rights under Section 14.02(b), without the prior written consent of Lessor, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) aboveassets. Any sale of Lessee’s assets in violation of this Section 14.03, shall be voidable at the sole option of Lessor. Any consent to a sale of Lessee’s assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of Lessee’s assets.

Appears in 1 contract

Samples: Lease Agreement (Iec Electronics Corp)

No Sale of Assets. Without Other than as set forth above, without the prior written consent of Lessor, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) above's assets. Any sale of Lessee’s 's assets in violation of this Section 14.03, shall be voidable at the sole option of Lessor. Any consent to a sale of Lessee’s 's assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of Lessee’s 's assets.

Appears in 1 contract

Samples: Master Lease Agreement (LIVE VENTURES Inc)

No Sale of Assets. Without Except as set forth in Sections 14.02 and 14.03, without the prior written consent of Lessor, Lessee shall not sell all or substantially all of Lessee’s assets such that Lessee can no longer operate its business at the Properties, except in connection with an assumption of this Lease pursuant to Section 14.02(b) abovewithout Lessor’s prior written consent. Any sale of Lessee’s assets in violation of this Section 14.0314.04, shall be voidable at the sole option of Lessor. Any consent to a sale of Lessee’s assets given by Lessor hereunder shall not be deemed a consent to any subsequent sale of Lessee’s assets.

Appears in 1 contract

Samples: Master Lease Agreement (ARC Group, Inc.)

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