Common use of Sale or Transfer of Assets; Suspension of Business Operations Clause in Contracts

Sale or Transfer of Assets; Suspension of Business Operations. Company shall not sell, lease, assign, transfer, license, or otherwise dispose of (each, a “Transfer”) (a) the stock of any Subsidiary, (b) all or a substantial part of its assets, or (c) any Collateral or any interest in Collateral (whether in one transaction or in a series of transactions) to any other Person other than (i) the sale of Inventory in the ordinary course of business and the licensing of Intellectual Property Rights in the ordinary course of its business in connection with sales of Inventory or the provision of services to its customers, (ii) Transfers of worn-out, obsolete or unneeded equipment, and (iii) Transfers constituting Permitted Investments. Company shall not liquidate, dissolve or suspend business operations. Company shall not permit its rights as licensee of Licensed Intellectual Property to lapse, except that Company may transfer such rights or permit them to lapse if it has reasonably determined that such Intellectual Property Rights are no longer useful in its business.

Sale or Transfer of Assets; Suspension of Business Operations. Company Companies shall not sell, lease, assign, transfer, license, transfer or otherwise dispose of (each, a “Transfer”) (a) the stock of any Subsidiary, (b) all or a substantial part of its their assets, or (c) any Collateral or any interest in Collateral (whether in one transaction or in a series of transactions) to any other Person other than (i) the sale of Inventory in the ordinary course of business and the licensing shall not liquidate, dissolve or suspend business operations. Companies shall not transfer any part of its ownership interest in any Intellectual Property Rights and shall not permit their rights as licensee of Licensed Intellectual Property to lapse, except that Companies may transfer such rights or permit them to lapse if they have reasonably determined that such Intellectual Property Rights are no longer useful in their business. Companies shall not license any other Person to use any of Companies’ Intellectual Property Rights, except that Companies may grant licenses in the ordinary course of its their business in connection with sales of Inventory or the provision of services to its their customers, (ii) Transfers of worn-out, obsolete or unneeded equipment, and (iii) Transfers constituting Permitted Investments. Company shall not liquidate, dissolve or suspend business operations. Company shall not permit its rights as licensee of Licensed Intellectual Property to lapse, except that Company may transfer such rights or permit them to lapse if it has reasonably determined that such Intellectual Property Rights are no longer useful in its business.