Common use of Sale of Stock and Assets Clause in Contracts

Sale of Stock and Assets. No Loan Party shall sell, transfer, convey, assign or otherwise dispose of any of its properties or other assets, including the Stock of any of its Subsidiaries (whether in a public or a private offering or otherwise) or any of its Accounts, other than (a) the sale of Inventory in the ordinary course of business, and (b) the sale, transfer, conveyance or other disposition by a Credit Party of Equipment and Fixtures that are obsolete or no longer used or useful in such Credit Party's business and having a sales price not exceeding $100,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year; and (c) other Equipment and Fixtures having a value not exceeding $100,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year. With respect to any disposition of assets or other properties permitted pursuant to clauses (b) and (c) above, subject to Section 1.3(b), Agent agrees on reasonable prior written notice to release its Lien on such assets or other properties in order to permit the applicable Loan Party to effect such disposition and shall execute and deliver to Borrowers, at Borrowers' expense, appropriate UCC-3 termination statements and other releases as reasonably requested by Borrowers.

Sale of Stock and Assets. No Loan Credit Party shall sell, transfer, convey, assign or otherwise dispose of any of its properties or other assets, including the Stock of any of its Subsidiaries (whether in a public or a private offering or otherwise) or any of its Accounts, other than (a) the sale of Inventory in the ordinary course of business, and (b) the sale, transfer, conveyance or other disposition by a Credit Party of Equipment and Equipment, Fixtures or Real Estate that are obsolete or no longer used or useful in such Credit Party's business and having a sales price net book value not exceeding $100,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year; and (c) other Equipment and Fixtures having a net book value not exceeding $100,000 50,000 in any single transaction or $250,000 100,000 in the aggregate in any Fiscal Year. With respect to any disposition of assets or other properties permitted pursuant to clauses (b) and (c) above, subject to Section 1.3(b), Agent agrees on reasonable prior written notice to release its Lien on such assets or other properties in order to permit the applicable Loan Credit Party to effect such disposition and shall execute and deliver to Borrowers, at Borrowers' expense, appropriate UCC-3 termination statements and other releases as reasonably requested by Borrowers.

Sale of Stock and Assets. No Loan Credit Party shall sell, transfer, convey, assign or otherwise dispose of any of its properties or other assets, including the Stock of any of its Subsidiaries (whether in a public or a private offering or otherwise) or any of its Accounts, other than (a) the sale of Inventory in the ordinary course of business, and (b) the sale, transfer, conveyance or other disposition by a Credit Party of Equipment and or Fixtures that are obsolete or no longer used or useful in such Credit Party's ’s business and having a sales price net book value not exceeding $100,000 200,000 in any single transaction or $250,000 500,000 in the aggregate in any Fiscal Year; and (c) other Equipment and Fixtures having a value not exceeding $100,000 200,000 in any single transaction or $250,000 500,000 in the aggregate in any Fiscal Year. With respect to any disposition of assets or other properties permitted pursuant to clauses (b) and (c) above, subject to Section 1.3(b), Agent agrees on reasonable prior written notice to release its Lien on such assets or other properties in order to permit the applicable Loan Credit Party to effect such disposition and shall execute and deliver to Borrowers, at Borrowers' ’ expense, appropriate UCC-3 termination statements and other releases as reasonably requested by Borrowers.

Sale of Stock and Assets. No Loan Credit Party shall sell, transfer, convey, assign or otherwise dispose of any of its properties or other assets, including the Stock of any of its Subsidiaries (whether in a public or a private offering or otherwise) or any of its Accounts, other than (a) the sale of Inventory in the ordinary course of business, and (b) the sale, transfer, conveyance or other disposition by a Credit Party of Equipment and or Fixtures that are obsolete or no longer used or useful in such Credit Party's business and having a sales price an appraised value not exceeding $100,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year; and (c) other Equipment and Fixtures having a value not exceeding $100,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year. With respect to any disposition of assets or other properties permitted pursuant to clauses (b) and (c) above, subject to Section 1.3(b), Agent agrees on reasonable prior written notice to release its Lien on such assets or other properties in order to permit the applicable Loan Credit Party to effect such disposition and shall execute and deliver to BorrowersBorrower, at Borrowers' Borrower's expense, appropriate UCC-3 termination statements and other releases as reasonably requested by BorrowersBorrower.

Sale of Stock and Assets. No Loan Credit Party shall sell, transfer, convey, assign or otherwise dispose of any of its properties or other assets, including the Stock of any of its Subsidiaries (whether in a public or a private offering or otherwise) or any of its Accounts, other than (a) the sale of Inventory in the ordinary course of business, and (b) the sale, transfer, conveyance or other disposition by a Credit Party of Equipment and Equipment, Fixtures that are obsolete or no longer used or useful in such Credit Party's ’s business and having a sales price not exceeding $100,000 50,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year; Year and (c) other Equipment and Fixtures having a value not exceeding $100,000 50,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year. With respect to any disposition of assets or other properties permitted pursuant to clauses (b) and (c) above, subject to Section 1.3(b), Agent agrees on reasonable prior written notice to release its Lien on such assets or other properties in order to permit the applicable Loan Credit Party to effect such disposition and shall execute and deliver to Borrowers, at Borrowers' ’ expense, appropriate UCC-3 termination statements and other releases as reasonably requested by Borrowers.

Sale of Stock and Assets. No Loan Credit Party shall sell, transfer, ------------------------ convey, assign or otherwise dispose of any of its properties or other assets, including the Stock of any of its Subsidiaries (whether in a public or a private offering or otherwise) or any of its Accounts, other than (a) the sale of Inventory in the ordinary course of business, and (b) the sale, transfer, conveyance or other disposition by a Credit Party of Equipment and Equipment, Fixtures or Real Estate that are obsolete obsolete, (c) the sale, transfer, conveyance or no longer used other disposition by a Credit Party of Equipment, Fixtures or useful in such Credit Party's business and Real Estate having a sales price value not exceeding $100,000 500,000 in any single transaction or $250,000 2,000,000 in the aggregate in any Fiscal Year; , and (cd) other Equipment and Fixtures having a value not exceeding $100,000 in any single transaction or $250,000 in transfers of the aggregate in any Fiscal Yearstock of Entran SA contemplated by the European Reorganization. With respect to any disposition of assets or other properties permitted pursuant to clauses (b) and (c) above, subject to Section 1.3(b), Agent agrees on reasonable prior written notice to -------------- release its Lien on such assets or other properties in order to permit the applicable Loan Credit Party to effect such disposition and shall execute and deliver to BorrowersBorrower, at Borrowers' Borrower's expense, appropriate UCC-3 termination statements and other releases as reasonably requested by BorrowersBorrower.

Sale of Stock and Assets. No Loan Credit Party shall sell, transfer, convey, assign or otherwise dispose of any of its properties or other assets, including the Stock of any of its Subsidiaries (whether in a public or a private offering or otherwise) or any of its Accounts, other than (a) the sale of Inventory in the ordinary course of business, and (b) the sale, transfer, conveyance or other disposition by a Credit Party of Equipment and or Fixtures that are obsolete or no longer used or useful in such Credit Party's ’s business and having a sales price an appraised value not exceeding $100,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year; and (c) other Equipment and Fixtures having a value not exceeding $100,000 in any single transaction or $250,000 in the aggregate in any Fiscal Year. With respect to any disposition of assets or other properties permitted pursuant to clauses (b) and (c) above, subject to Section 1.3(b), Agent agrees on reasonable prior written notice to release its Lien on such assets or other properties in order to permit the applicable Loan Credit Party to effect such disposition and shall execute and deliver to BorrowersBorrower, at Borrowers' Borrower’s expense, appropriate UCC-3 UCC termination statements and other releases as reasonably requested by BorrowersBorrower.

Sale of Stock and Assets. No Loan Credit Party shall sell, transfer, convey, assign or otherwise dispose of any of its properties or other assets, including the capital Stock of any of its Subsidiaries (whether in a public or a private offering or otherwise) or any of its their Accounts, other than (a) the sale of Inventory in the ordinary course of business, and (b) the sale, transfer, conveyance or other disposition by a Credit Party of Equipment and Equipment, Fixtures or Real Estate that are obsolete or no longer used or useful in such Credit Party's business and having a sales price value not exceeding $100,000 250,000 in any single transaction or $250,000 500,000 in the aggregate in any Fiscal Year; Year and (c) other Equipment and Fixtures having a value not exceeding $100,000 50,000 in any single transaction or $250,000 100,000 in the aggregate in any Fiscal Year. With respect to any disposition of assets or other properties permitted pursuant to clauses CLAUSE (b) and CLAUSE (c) above, subject to Section 1.3(b), Agent agrees on reasonable prior written notice to release its Lien on such assets or other properties in order to permit the applicable Loan Credit Party to effect such disposition and shall execute and deliver to BorrowersBorrower, at Borrowers' Borrower's expense, appropriate UCC-3 termination statements and other releases as reasonably requested by BorrowersBorrower.