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 (b) discontinue, liquidate, or change in any material respect any substantial part of its operations or business(es).

Appears in 2 contracts

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

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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 (b) discontinueDiscontinue, liquidate, or change in any material respect any substantial part of its operations or business(es).

Appears in 1 contract

Samples: Credit Agreement (Zany Brainy Inc)

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 (b) discontinueDiscontinue, liquidate, or change in any material respect any substantial part of its operations or business(es).

Appears in 1 contract

Samples: Credit Agreement (David Bridal 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 (b) discontinue, liquidate, or change in any material respect any substantial part of its operations or business(es).

Appears in 1 contract

Samples: Credit and Security Agreement (Planet Payment 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 (b) discontinue, liquidate, or change in any material respect any substantial part of its operations or business(es).

Appears in 1 contract

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

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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 (b) discontinue, liquidate, or change in any material respect any substantial part of its the operations or business(es)) of the Companies, taken as whole.

Appears in 1 contract

Samples: Credit Agreement (Home Health Corp of America Inc \Pa\)

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 (b) discontinueDiscontinue, liquidate, liquidate or change in any material respect any substantial part of its operations or business(es)the Company’s business.

Appears in 1 contract

Samples: Note Purchase Agreement (Biosante Pharmaceuticals Inc)

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