Common use of Sales of Assets Clause in Contracts

Sales of Assets. Borrower will not, nor will it permit any of its Subsidiaries to, lease, sell or otherwise dispose of any of its assets (other than in the ordinary course of business), or sell or assign with or without recourse any accounts receivable, except:

Appears in 13 contracts

Samples: Term Loan Agreement (Pepco Holdings Inc), Term Loan Agreement (Pepco Holdings Inc), Term Loan Agreement (Atlantic City Electric Co)

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Sales of Assets. No Borrower will notwill, nor will it permit any of its Subsidiaries to, lease, sell or otherwise dispose of any of its assets (other than in the ordinary course of business), or sell or assign with or without recourse any accounts receivable, except:

Appears in 9 contracts

Samples: Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement (Pepco Holdings Inc), Credit Agreement (Atlantic City Electric Co)

Sales of Assets. The Borrower will not, nor and will it not cause or permit any of its Subsidiaries to, sell, assign, License, lease, sell convey, exchange, transfer or otherwise dispose of its Property (each, a “Disposition”) (including, without limitation, any Capital Stock of its assets (any Subsidiary owned by the Borrower or another Subsidiary) to any other than in the ordinary course of business), or sell or assign with or without recourse any accounts receivablePerson, except:

Appears in 3 contracts

Samples: Note Purchase Agreement (Top Image Systems LTD), Note Purchase Agreement (Numerex Corp /Pa/), Note Purchase Agreement (Radisys Corp)

Sales of Assets. The Borrower will not, nor and will it not permit any of its Subsidiaries to, convey, sell, lease, sell transfer, or otherwise dispose of, or part with control of (whether in one transaction or a series of transactions) any of its assets (including any shares of stock in any Subsidiary or other than in the ordinary course of businessPerson), or sell or assign with or without recourse any accounts receivable, except:

Appears in 2 contracts

Samples: Credit Agreement (Lsi Logic Corp), Credit Agreement (Watkins Johnson Co)

Sales of Assets. The Borrower will not, nor will it permit any of its Subsidiaries to, lease, sell or otherwise dispose of any of its assets (other than in the ordinary course of business), or sell or assign with or without recourse any accounts receivable, except:

Appears in 2 contracts

Samples: Credit Agreement (Pepco Holdings Inc), Credit Agreement (Pepco Holdings Inc)

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Sales of Assets. The Borrower will not, not (nor will it permit any of its Subsidiaries tosubsidiaries with respect to their assets and properties), lease, sell or otherwise dispose of any of its assets (other than in the ordinary course of business), sell, transfer, lease or otherwise dispose of, or sell grant options, warrants or assign other rights with respect to, all or without recourse a substantial part of its properties or assets material to the Borrower’s business to any accounts receivable, except:person or entity other than a direct or indirect subsidiary of the Borrower;

Appears in 1 contract

Samples: Gb Sciences Inc

Sales of Assets. Except for sales permitted by Independent Bank’s Credit Agreement, the Borrower will shall not, nor will it and shall not permit any of its Subsidiaries toSubsidiary, leaseto sell, sell transfer or otherwise dispose of any all or a substantial portion of its assets (other than assets, now owned or hereafter acquired, whether pursuant to a single transaction or a series of transactions. Notwithstanding the foregoing, the Borrower may collect its accounts and dispose of or consume its inventory, supplies and materials in the ordinary course of the Borrower’s business), or sell or assign with or without recourse any accounts receivable, except:.

Appears in 1 contract

Samples: Credit Agreement (Starboard Resources, Inc.)

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