Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates or subsidiaries, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower and an unaffiliated entity.
Appears in 4 contracts
Samples: Revolving Credit and Loan Agreement (Kos Pharmaceuticals Inc), Revolving Credit and Loan Agreement (Kos Pharmaceuticals Inc), Revolving Credit and Loan Agreement (Kos Pharmaceuticals Inc)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates or subsidiaries, or any shareholder, officer and director, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower and an unaffiliated entity.
Appears in 3 contracts
Samples: Revolving Loan Agreement (Ziplink Inc), Revolving Loan and Security Agreement (Ziplink Inc), Revolving Loan Agreement (Ziplink Inc)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates or subsidiariesSubsidiaries, other than (i) sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower or such Subsidiary and an unaffiliated entity; (ii) reimbursements; and (iii) normal and customary corporate charges.
Appears in 3 contracts
Samples: Commercial Revolving Loan, Demand Loan and Security Agreement (Netplex Systems Inc), Commercial Revolving Loan, Demand Loan and Security Agreement (Netplex Group Inc), Commercial Revolving Loan, Demand Loan and Security Agreement (Netplex Systems Inc)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets asset to any parent or any of its affiliates or subsidiariesSubsidiaries, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower or such Subsidiary and an unaffiliated entity.
Appears in 3 contracts
Samples: Commercial Revolving Loan, Term Loan, Line of Credit and Security Agreement (Memry Corp), Commercial Revolving Loan, Term Loan, Line of Credit and Security Agreement (Memry Corp), Commercial Loan Agreement (Memry Corp)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates or subsidiariesaffiliates, other than sales those made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had transfer has been an arms-length transaction between the Borrower Company and an unaffiliated entity.
Appears in 1 contract
Samples: Commercial Revolving Loan, Term Loan and Security Agreement (Marine Management Systems Inc)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates or subsidiaries, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower or such subsidiary or affiliate and an unaffiliated entity.
Appears in 1 contract
Samples: Commercial Revolving Loan and Security Agreement (Rhodes M H Inc)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any person or entity including to any parent or any of its affiliates Affiliates or subsidiariesSubsidiaries, other than (i) sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower or such Subsidiary or Affiliate and an unaffiliated entity; or (ii) shares of the Borrower's stock.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (American Science & Engineering Inc)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates Affiliates or subsidiariesSubsidiaries, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower or such Subsidiary or Affiliate and an unaffiliated entity; or (ii) shares of the Borrower's stock.
Appears in 1 contract
Samples: Export Credit and Security Agreement (American Science & Engineering Inc)
Prohibited Transfers. Transfer, in any manner, either directly or -------------------- indirectly, any cash, property, or other assets to any parent or any of its affiliates Affiliate or subsidiariesSubsidiary, except for any cash, property, or other than assets that may be transfered to Custom Products Corporation and except for any sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower and an unaffiliated entity.
Appears in 1 contract
Samples: Commercial Revolving Loan and Security Agreement (Bolt Technology Corp)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates Affiliate or subsidiariesSubsidiary, other than and except for any sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower and an unaffiliated entity.
Appears in 1 contract
Samples: Commercial Revolving Loan and Security Agreement (Cognitronics Corp)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets asset to any parent or any of its affiliates or subsidiariesSubsidiaries, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-arms- length transaction between the Borrower Borrowers or such Subsidiary and an unaffiliated entity.
Appears in 1 contract
Samples: Commercial Revolving Loan, Term Loan and Security Agreement (Memry Corp)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates Affiliate or subsidiariesSubsidiary other than a Guarantor, and other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower and an unaffiliated entity.
Appears in 1 contract
Samples: Commercial Revolving Loan and Term Loan Agreement (Pharmaceutical Resources Inc)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates or subsidiaries, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower Company or such subsidiary or affiliate and an unaffiliated entity.
Appears in 1 contract
Samples: Purchase Agreement (Compudyne Corp)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets to any parent or any of its affiliates or subsidiariesSubsidiaries, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower or such Subsidiary and an unaffiliated entity.
Appears in 1 contract
Samples: Commercial Revolving Loan, Demand Loan and Security Agreement (Saztec International Inc)
Prohibited Transfers. Transfer, in any manner, either directly or indirectly, any cash, property, or other assets asset to any parent or any of its affiliates or subsidiariesSubsidiaries, other than sales made in the ordinary course of business and for fair consideration on terms no less favorable than if such sale had been an arms-length transaction between the Borrower Borrowers or such Subsidiary and an unaffiliated entity.
Appears in 1 contract
Samples: Commercial Revolving Loan, Demand Loan and Security Agreement (Industrial Technologies Inc)