Common use of Sale of Assets or Merger Clause in Contracts

Sale of Assets or Merger. Discontinue its business or liquidate, sell, transfer, lease, assign or otherwise dispose of a material part of its assets or of the Collateral, by sale, merger, consolidation or otherwise, provided, however, that it may sell in the ordinary course of business and for a full consideration in money or money's worth, any product, merchandise or service produced, marketed or furnished by it.

Appears in 1 contract

Samples: Loan and Security Agreement (Take Two Interactive Software Inc)

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Sale of Assets or Merger. Discontinue its business or liquidate, sell, transfer, lease, assign or otherwise dispose of a material part of its assets or of the Collateral, by sale, merger, consolidation or otherwise, provided, however, that it may sell in the ordinary course of business and for a full consideration in money or money's worth, any product, merchandise or service produced, marketed or furnished by it.. In no event, however, shall any Borrower make any transfer of an interest in property or incur any obligation if the Borrower:

Appears in 1 contract

Samples: Workout Agreement (Quality Products Inc)

Sale of Assets or Merger. Discontinue its business or liquidate, ------------------------ sell, transfer, leasedirectly or indirectly, assign or otherwise dispose of a material part of its assets or of the Collateral, by sale, merger, consolidation consolida- tion or otherwise, provided, however, that it may sell in the ordinary course of business and for a full consideration in money or money's worth, any product, merchandise or service produced, marketed or furnished by it.

Appears in 1 contract

Samples: Investment and Loan Agreement (Medicore Inc)

Sale of Assets or Merger. Discontinue its business or liquidate, sell, transfer, lease, assign or otherwise dispose of a material part of its assets or of the Collateral, by sale, merger, consolidation or otherwise, provided, however, that it may sell in the ordinary course of business and for a full consideration in money or money's worth, any product, merchandise or service produced, marketed or furnished by it. The Bank consents to the sale by Borrower of those stores and related assets identified on Exhibit D attached hereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Moto Photo Inc)

Sale of Assets or Merger. Discontinue its business or liquidate, ------------------------ sell, transfer, leasedirectly or indirectly, assign or otherwise dispose of a material part of its assets or of the Collateral, by sale, merger, consolidation or otherwise, provided, however, that it may sell in the ordinary course of business and for a full consideration in money or money's worth, any product, merchandise or service produced, marketed or furnished by it.

Appears in 1 contract

Samples: Asset Based Loan and Security Agreement (Techdyne Inc)

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Sale of Assets or Merger. Discontinue its business or proposed ------------------------ business or liquidate, sell, transfer, leasedirectly or indirectly, assign or otherwise dispose of a material part of its assets or of the Collateral, by sale, merger, consolidation or otherwise, provided, however, that it may sell in the ordinary course of business and for a full consideration in money or money's worth, any product, merchandise or service produced, marketed or furnished by it.

Appears in 1 contract

Samples: Loan and Security Agreement (Dialysis Corp of America)

Sale of Assets or Merger. Discontinue its business or liquidate, sell, transfer, lease, assign or otherwise dispose of a material part of its assets or of the Collateral, by sale, merger, consolidation or otherwise, provided, however, that it may sell in the ordinary course of business and for a full consideration in money or money's worth, any product, merchandise or service produced, marketed or furnished by it.

Appears in 1 contract

Samples: Asset Based (Cable Link Inc)

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