Common use of Sale of Substantial Portion of Assets Clause in Contracts

Sale of Substantial Portion of Assets. After the Closing Date, the Company will not sell, transfer, lease or otherwise dispose of any assets to any Person (other than assets consisting of inventory being disposed of in the ordinary course of business and other than assets which are, contemporaneously with such disposition (or within ninety (90) days thereafter), being replaced with other substantially similar (or improved) assets which are used by the Company for substantially the same purpose as the assets being replaced) to the extent the aggregate assets so sold, transferred, leased or disposed of:

Appears in 2 contracts

Samples: Stock Purchase Agreement (Hudson Technologies Inc /Ny), Stock Purchase Agreement (Hudson Technologies Inc /Ny)

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Sale of Substantial Portion of Assets. After For a period ending one (1) year after the First Closing Date, the Company will not sell, transfer, lease or otherwise dispose of any assets to any Person (other than to the Company and other than assets consisting of inventory being disposed of in the ordinary course of business and other than assets which are, contemporaneously with such disposition (or within ninety (90) days thereafter), being replaced with other substantially similar (or improved) assets which are used by the Company for substantially the same purpose as the assets being replaced) to the extent the aggregate assets so sold, transferred, leased or disposed of:

Appears in 2 contracts

Samples: Stock and Warrant Purchase Agreement (Global Pharmaceutical Corp \De\), Stock and Warrant Purchase Agreement (Fleming Robert Inc / Da)

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