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

Sale or Transfer of Assets; Suspension of Business Operations. Except as otherwise permitted in accordance with Section 3.4, the Borrower will not sell, lease, assign, transfer or otherwise dispose of all or a substantial part of its assets (whether in one transaction or in a series of transactions) to any other Person, and will not liquidate, dissolve or suspend its business operations.

Appears in 7 contracts

Samples: Credit Agreement (West Corp), Credit Agreement (West Corp), Credit Agreement (NCO Group, Inc.)

AutoNDA by SimpleDocs

Sale or Transfer of Assets; Suspension of Business Operations. Except as otherwise permitted in accordance with Section 3.4, the The Borrower will not, and will not permit any of its Subsidiaries to, sell, lease, assign, transfer or otherwise dispose of all or a substantial part of its assets (whether in one transaction or in a series of transactions) to any other Person, other than the sale of Inventory in the ordinary course of business, and will not liquidate, dissolve or suspend its business operations.

Appears in 1 contract

Samples: Credit Agreement (Innovex Inc)

Sale or Transfer of Assets; Suspension of Business Operations. Except as otherwise permitted in accordance with Section 3.4, the The Borrower will not sell, lease, assign, transfer or otherwise dispose of all or a substantial part of its assets (whether in one transaction or in a series of transactions) to any other Person, and will not liquidate, dissolve or suspend its usual and ordinary business operationsactivities.

Appears in 1 contract

Samples: Credit Agreement (Aerocentury Corp)

AutoNDA by SimpleDocs

Sale or Transfer of Assets; Suspension of Business Operations. Except as otherwise permitted in accordance with Section 3.4, the The Borrower will not sell, lease, assign, transfer or otherwise dispose of all or a substantial part of its assets (whether in one transaction or in a series of transactions) to any other Personor suspend its usual and ordinary business activities. The Borrower will not, and will not liquidatepermit the Trustee to, dissolve sell, lease, assign, transfer or suspend its business operationsotherwise dispose of any interest in the Aircraft or the Lease Agreement.

Appears in 1 contract

Samples: Credit Agreement (Aerocentury Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!