Common use of Sale of Interest Clause in Contracts

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the Bank’s prior written consent.

Appears in 8 contracts

Samples: Loan Agreement, Loan Agreement (Sono Tek Corp), Loan Agreement (Sono Tek Corp)

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Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the Bank’s 's prior written consent.

Appears in 4 contracts

Samples: Loan and Security Agreement (Diversified Restaurant Holdings, Inc.), Loan and Security Agreement (Diversified Restaurant Holdings, Inc.), Loan and Security Agreement (Fix Corp International Inc)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the Bank’s prior written consentconsent unless such transfer shall not result in change in control of Borrower.

Appears in 4 contracts

Samples: Loan Agreement (Sidoti & Company, Inc.), Loan and Security Agreement (Wireless Xcessories Group Inc), Loan and Security Agreement (Chembio Diagnostics, Inc.)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the Bank’s 's prior written consentconsent unless such transfer shall not result in change in control of Borrower.

Appears in 3 contracts

Samples: Loan and Security Agreement (Chembio Diagnostics, Inc.), Loan and Security Agreement (Advanced Photonix Inc), Loan and Security Agreement (Dewey Electronics Corp)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the any Borrower without the Bank’s 's prior written consent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fix Corp International Inc), Loan and Security Agreement (Fix Corp International Inc)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the Bank’s prior written consent.consent unless such transfer shall not result in change in control of Borrower. Loan Number - Note 1: 14931139001

Appears in 1 contract

Samples: Loan and Security Agreement (Sidoti & Company, Inc.)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the Bank’s prior written consent, which consent will not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Loan Agreement (Sagemark Companies LTD)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the BankLender’s prior written consentconsent unless such transfer shall not result in change in control of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Coda Octopus Group, Inc.)

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Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the Bank’s prior written consent, which is not to be unreasonably withheld, unless such transfer shall not result in change in control of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Rackable Systems, Inc.)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in any subsidiary of the Borrower which is an Obligor hereunder without the Bank’s Lenders' prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Seracare Inc)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest in the Borrower without the Bank’s prior written consent, unless such sale or transfer shall not result in a Change in Control.

Appears in 1 contract

Samples: Loan and Security Agreement (Iteris, Inc.)

Sale of Interest. There shall not be any sale or transfer of ownership of any interest interest, whether direct or indirect, in the Borrower without the BankLender’s prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (instaCare Corp.)

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