Common use of Sales of Assets Clause in Contracts

Sales of Assets. Borrower will not, directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any assets, or grant any option or other right to purchase or otherwise acquire any assets other than (i) Equipment with an aggregate value of less than $25,000 the proceeds of which shall be paid to TBCC and applied to the Obligations, (ii) sales of Inventory in the ordinary course of business and (iii) licenses or sublicenses on a non-exclusive basis of intellectual property in the ordinary course of Borrower's business.

Sales of Assets. Borrower will not, directly or indirectly, in any --------------- fiscal year, sell, transfer or otherwise dispose of any assets, or grant any option or other right to purchase or otherwise acquire any assets other than (i) Equipment with an aggregate value of less than $25,000 the proceeds of which shall be paid to TBCC and applied to the Obligations, (ii) sales of Inventory in the ordinary course of business and (iii) licenses or sublicenses on a non-non- exclusive basis of intellectual property in the ordinary course of Borrower's business.

Sales of Assets. Borrower will not, directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any assets, or grant any option or other right to purchase or otherwise acquire any assets other than (i) Equipment equipment with an aggregate value of less than $25,000 the proceeds of which shall be paid to TBCC the Lender and applied to the Obligations, (ii) sales of Inventory inventory in the ordinary course of business and (iii) licenses or sublicenses on a non-exclusive basis of intellectual property in the ordinary course of Borrower's business.

Sales of Assets. Borrower will not, directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any assets, or grant any option or other right to purchase or otherwise acquire any assets other than (i) Equipment equipment with an aggregate value of less than $25,000 the proceeds of which shall be paid to TBCC and applied to the Obligations, (ii) sales of Inventory in the ordinary course of business and (iii) licenses or sublicenses on a non-exclusive basis of intellectual property in the ordinary course of Borrower's business.less

Sales of Assets. Borrower will not, directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any assetsassets (other than Collateral), or grant any option or other right to purchase or otherwise acquire any assets (other than Collateral) other than (i) Equipment assets (other than Collateral) with an aggregate value of less than $25,000 the proceeds of which shall be paid to TBCC 500,000, and applied to the Obligations, (ii) sales of Inventory in the ordinary course of business and (iii) licenses or sublicenses on a non-exclusive basis of intellectual property in the ordinary course of Borrower's business.

Sales of Assets. Borrower will not, directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any assets, or grant any option or other right to purchase or otherwise acquire any assets other than (i) Equipment with an aggregate value of less than $25,000 * the proceeds of which shall be paid to TBCC and applied to the Obligations, (ii) sales of Inventory in the ordinary course of business and (iii) licenses or sublicenses on a non-exclusive basis of intellectual property in the ordinary course of Borrower's business.**. *$50,000 **AND EXCLUSIVE DISTRIBUTION LICENSES AND MANUFACTURING LICENSES IN ARMS LENGTH TRANSACTIONS

Sales of Assets. Borrower will not, directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any of its assets, or grant any option or other right to purchase or otherwise acquire any of its assets other than (i) Equipment equipment with an aggregate value of less than $25,000 50,000 the proceeds of which shall be paid to TBCC the Lender and applied to the Obligations, (ii) sales of Inventory inventory in the ordinary course of business and (iii) licenses or sublicenses on a non-exclusive or exclusive basis of intellectual property in the ordinary course of Borrower's business.

Sales of Assets. Borrower will not, directly or indirectly, in any --------------- fiscal year, sell, transfer or otherwise dispose of any assets, or grant any option or other right to purchase or otherwise acquire any assets other than (i) Equipment with an aggregate value of less than the $25,000 the proceeds of which shall be paid to TBCC and applied to the Obligations25,000, (ii) sales of Inventory in the ordinary course of business and (iii) licenses or sublicenses on a non-exclusive basis of intellectual property in the ordinary course of Borrower's business.

Sales of Assets. Borrower will not, directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any assets, or grant any option or other right to purchase or otherwise acquire any assets other than (i) Equipment with an aggregate value of less than $25,000 50,000 the proceeds of which shall be paid to TBCC and applied to the ObligationsObligations (except as set forth in Section 5.13 above), (ii) sales of Inventory in the ordinary course of business and business, (iii) licenses or sublicenses on a nontrade-exclusive basis ins of intellectual property Equipment in connection with the replacement of such Equipment in the ordinary course of Borrower's business.

Sales of Assets. Borrower will not, not directly or indirectly, in any --------------- fiscal year, sell, transfer or otherwise dispose of any assets, or grant any option or other right to purchase or otherwise acquire any assets other than (i) Equipment with an aggregate value of less than $25,000 the proceeds of which shall be paid to TBCC and applied to the Obligations, (ii) sales of Inventory Inventor y in the ordinary course of business and (iii) licenses or sublicenses on a non-non- exclusive basis of intellectual property in the ordinary course of Borrower's business.*