Common use of Other Dispositions of Collateral Clause in Contracts

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person (collectively, a “Transfer”), except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out or obsolete equipment; (iii) Transfers permitted under subclause (f) of the definition of Permitted Liens with respect to Collateral, or (iv) other Transfers which in the aggregate do not exceed $200,000 in any fiscal year.

Appears in 7 contracts

Samples: Security Agreement, Venture Loan and Security Agreement, Security Agreement (Ambit Biosciences Corp)

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Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person (collectively, a “Transfer”), except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out or obsolete equipment; or (iii) Transfers permitted under subclause (f) of the definition of Permitted Liens with respect to Collateral, or (iv) other Transfers which in the aggregate do not exceed $200,000 in any fiscal year.

Appears in 6 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Tengion Inc), Venture Loan and Security Agreement (Cereplast Inc)

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person (collectively, a "Transfer"), except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out or obsolete equipment; (iii) Transfers permitted under subclause subclauses (f) and (1) of the definition of Permitted Liens with respect to Collateral, Collateral or (iv) other Transfers which of Collateral during the term of the Loans equal in the aggregate do not exceed value to less than Two Hundred Thousand Dollars ($200,000 in any fiscal year200,000).

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Activbiotics Inc), Venture Loan and Security Agreement (Activbiotics Inc)

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person (collectively, a “Transfer”), except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out out, obsolete or obsolete surplus equipment; or (iii) Transfers permitted under subclause (f) of the definition of Permitted Liens with respect to Collateral, or (iv) other Transfers which in the aggregate do not exceed $200,000 in any fiscal year.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp), Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp)

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person (collectively, a “Transfer”), except for: (ia) Transfers of inventory in the ordinary course of business; (iib) Transfers of worn-out or obsolete equipment; or (iiic) Transfers permitted under subclause sub clause (fg) of the definition of Permitted Liens with respect to Collateral, or (iv) other Transfers which in the aggregate do not exceed $200,000 in any fiscal year.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Satcon Technology Corp)

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of (collectively, a “Transfer”) all or any part of the Collateral to any Person (collectively, a “Transfer”), except for: (i) Transfers of inventory in the ordinary course of business; or (ii) Transfers of worn-out or obsolete equipment; or ((iii) Transfers permitted under subclause (f) of the definition of Permitted Liens with respect to Collateral, or (iv) other Transfers which in the aggregate do not exceed $200,000 100,000 in any fiscal year.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Cryocor Inc)

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person (collectively, a “Transfer”), ) except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out or obsolete equipment; or (iii) Transfers permitted under subclause (f) of the definition of Permitted Liens with respect to Collateral, or (iv) other Transfers which in the aggregate do not exceed $200,000 in any fiscal year.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Xtera Communications, Inc.)

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Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person (collectively, a “Transfer”), except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out or obsolete equipment; or (iii) Transfers permitted under subclause subclauses (f) and (g) of the definition of Permitted Liens with respect to Collateral, or (iv) other Transfers which in the aggregate do not exceed $200,000 in any fiscal year.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Singulex Inc)

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of (collectively, a "Transfer") all or any part of the Collateral to any Person (collectively, a “Transfer”), except for: for (i) Transfers of Financed Equipment in which Lender shall have released its security interest pursuant to Section 4.3, (ii) Transfers of inventory (other than Financed Equipment) in the ordinary course of business; , (iiiii) Transfers of worn-out or obsolete equipmentequipment (other than Financed Equipment); or (iiiiv) Transfers permitted under subclause (fg) of the definition of Permitted Liens with respect to Collateral, or (iv) other Transfers which in the aggregate do not exceed $200,000 in any fiscal yearLiens.

Appears in 1 contract

Samples: Loan and Security Agreement (Depomed Inc)

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person outside the ordinary course of business (collectively, a “Transfer”), except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out or obsolete equipment; (iii) Transfers permitted under subclause (f) of the definition of Permitted Liens with respect to Collateral, ; or (iv) other Transfers which in of the aggregate do not exceed $200,000 in any fiscal yearequipment to Borrower’s contract manufacturers.

Appears in 1 contract

Samples: Loan and Security Agreement (MAP Pharmaceuticals, Inc.)

Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person (collectively, a “Transfer”), except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out or obsolete equipment; (iii) Transfers permitted under subclause (ft) of the definition of Permitted Liens with respect to Collateral, ; or (iv) other Transfers which in of the aggregate do not exceed $200,000 in any fiscal yearDHE Particle Manufacturing Equipment to Borrower’s contract manufacturer.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (MAP Pharmaceuticals, Inc.)

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