Sales of Property. During the period of his employment with the Company, Executive shall not sell, assign, convey or otherwise transfer any of the property listed on Schedule A hereto to a competitor of the Company, which for purposes of this subsection (d) only, shall mean such Persons defined as such by resolution of at least 75% of the Company’s independent directors. Notwithstanding anything to the contrary contained herein, at any time after any termination of Executive’s employment with the Company for any reason whatsoever or for no reason, Executive shall not be restricted in any way from using, owning, developing, contributing, financing, selling, transferring or otherwise disposing of, for any purpose or to or with any Person, including but not limited to a Competitor, any of the property listed on Schedule A hereto.
Sales of Property. The Custodian shall settle sold Property upon receipt of Written Instructions that specify:
(a) the name of the issuer and the title of the security or other Property, including CUSIP number if applicable;
(b) the number of shares or principal amount or amount of Interests sold, and accrued interest, if any;
(c) the date of trade and settlement;
(d) the sale price per unit;
(e) the total amount payable to the Customer upon such sale;
(f) the name of the broker through whom or the person to whom the sale was made;
(g) the location to which the security must be delivered and delivery deadline, if any; and The Custodian shall deliver the Property upon receipt of the total amount payable to the Customer upon such sale, provided that the total amount payable is the same as was set forth in the Written Instructions. Notwithstanding the other provisions thereof, the Custodian may accept payment in such form as shall be satisfactory to it, and may deliver Property and arrange for payment in accordance with the customs prevailing among dealers in securities. It is understood that the Custodian shall have no duty hereunder to solicit or request payment for any such sale.
Sales of Property. In the event Chugach sells any Applicable Property, the transferee shall not be assessed a property tax on the same Applicable Property for the same year.
Sales of Property. The Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of its Oil and Gas Properties.
Sales of Property. The Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of the Mortgaged Properties except:
(a) for production inventory in the ordinary course of business; and
(b) for used, surplus, obsolete or worn-out equipment in the ordinary course of business; and
(c) sales made with the consent of the Administrative Agent and subject to any conditions with respect thereto.
Sales of Property. The Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of its Property if such sale, transfer or disposition (a) transfers or disposes of greater than an undivided ten percent (10%) of the undivided interest of the Borrower in the Property, the undivided interest of Aspect in the Aspect Prospects or the undivided interest of Esenjay in the Esenjay Prospects as of the date of this Agreement, (b) exceeds $250,000.00 per transaction or (c) exceeds $1,000,000.00 in the aggregate for any twelve month period. Nothing in this Section shall be construed that the Lender is obligated to release its Liens on any of Property sold.
Sales of Property. If Owner sells the Property to a tenant, tenant prospect or sale prospect (or spouse) located through Agent’s efforts, either during the term of this lease or for six (6) months after lease terminates, Owner shall pay Agent a real estate commission of seven (7%) percent of the price at which the Property is sold as compensation for Agent’s service for having procured the Purchaser.
Sales of Property. Except as provided in Section 7 of this ----------------- Article IV, to sell at public or private sale and convey any or all of the Trust Fund and any reinvestments thereof from time to time for such price and upon such terms as the Trustee sees fit, and no purchaser shall be obliged to see to the application of any purchase money;
Sales of Property. Other than sales of Oil and Gas Properties in order to comply with the covenant of the Borrower set forth in Section 8.1.3 of the Bank of America Credit Agreement, the Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of its Oil and Gas Properties if such sale, transfer or disposition (a) transfers or disposes of greater than an undivided ten percent (10%) of the undivided interest of the Borrower in any Oil and Gas Property, (b) exceeds $250,000.00 per transaction or (c) exceeds $1,000,000.00 in the aggregate for any twelve month period. Nothing in this Section shall be construed that the Lender is obligated to release its Liens on any of the Oil and Gas Properties sold unless all proceeds from such sale are used to repay the Debt evidenced by the Note and the outstanding advances under the Bank of America Tranche B and interest thereon on a pro rata basis calculated on the amount of outstanding principal Debt evidenced by the Note and the outstanding advances under the Bank of America Tranche B at the time of such sale.
Sales of Property. Except for the sale, transfer or other disposition of the Mortgaged Properties with an aggregate market value of $250,000.00 or less during any Borrowing Base Period none of the Credit Parties will sell, transfer or otherwise dispose of, in one or any series of transactions, any of the Borrowing Base Properties or the Mortgaged Properties.
