Common use of Sale of Assets; Liens Clause in Contracts

Sale of Assets; Liens. Not (i) transfer, convey, sell or encumber any of the Assets, except inventory sold in the ordinary course of its business, or Encumbrances granted under the Seller’s post-petition financing facility or otherwise authorized by the Bankruptcy Court, or (ii) dispose of, or trade in, any of the Tangible Personal Property.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Star Buffet Inc), Asset Purchase Agreement (Star Buffet Inc), Asset Purchase Agreement (Star Buffet Inc)

AutoNDA by SimpleDocs

Sale of Assets; Liens. Not (i) transfer, convey, sell or encumber Transfer any of the Assets, except inventory Inventory sold or disposed of in the ordinary course of its businessbusiness consistent with past practice, or Encumbrances granted under the Seller’s post-petition financing facility or otherwise authorized by the Bankruptcy Court, or (ii) dispose of, or trade in, any of the Tangible Personal PropertyEquipment or Fixtures, or (iii) create, incur, assume, or suffer to exist any Lien upon or with respect to any of the Assets, except for Permitted Liens.

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement (Avaya Inc), Asset Purchase and Sale Agreement (Northwestern Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.