Common use of Transfer of Assets; Liquidation Clause in Contracts

Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion of its assets, real or personal, other than such transactions in the normal and ordinary course of business for value received; or

Appears in 3 contracts

Samples: Credit and Security Agreement (Money Centers of America, Inc.), Credit Agreement (Nichols Research Corp /Al/), Credit Agreement (Home Health Corp of America Inc \Pa\)

AutoNDA by SimpleDocs

Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion substantially all of its assets, real or personal, other than such than: (i) to another Borrower; (ii) in transactions in the normal and ordinary course of business for value received; or (iii) a sale of assets no longer used or usable in the business of such Borrower; or

Appears in 1 contract

Samples: Credit Agreement (Zany Brainy Inc)

Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise ------------------------------- dispose of all any part or any portion amount of its assets, real or personal, or discontinue or liquidate any substantial part of its operations or business, other than any such transactions transaction in the normal and ordinary course of business for value received; or.

Appears in 1 contract

Samples: Subordination Agreement (Ids Jones Growth Partners 87-a LTD/Co/)

Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion of its assets, real or personal, including any sale/leaseback or similar transaction, other than such transactions in the normal and ordinary course of business for value received; provided, however, that in the absence of an Event of Default, Borrower and its Subsidiaries may sell real property, so long as the purchase price is not less than the greater of (i) its appraised value or (ii) the amount of all indebtedness secured by such real property; or

Appears in 1 contract

Samples: Credit Agreement (Marketing Specialists Corp)

Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any portion of its assets, real or personal, other than such transactions in the normal and ordinary course of business for value receivedreceived and other than a Sale of Material Assets with respect to which Borrowers have complied with Paragraph 2.8(c) hereof; or

Appears in 1 contract

Samples: Credit Agreement (David Bridal Inc)

AutoNDA by SimpleDocs

Transfer of Assets; Liquidation. (a) Sell, lease, transfer or otherwise dispose of all or any material portion of its assets, real or personal, other than such transactions the sale or lease of Inventory or the sale of obsolete Equipment in the normal and ordinary course of business for real value received; or

Appears in 1 contract

Samples: Note Purchase Agreement (Biosante Pharmaceuticals Inc)

Transfer of Assets; Liquidation. (a) Sell, lease, transfer transfer, or otherwise dispose of all or any portion of its assets, real or personal, including, for the avoidance of doubt, cash, other than such transactions in the normal and ordinary course of business for value receivedreceived and sales, payments and other transfers that are otherwise permitted by this Agreement; or

Appears in 1 contract

Samples: Credit and Security Agreement (Planet Payment Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.