Common use of Transfer of Licenses Clause in Contracts

Transfer of Licenses. In the event any Permit is terminated or in the event of foreclosure or other acquisition of any location owned or leased by Borrower, any Inventory or other Collateral by Agent or its designee or any purchaser at a foreclosure sale, Borrower shall cooperate with Agent to cause all Permits to be reissued or transferred to Agent or Agent’s designee, including, without limitation, any subsequent purchaser.

Appears in 4 contracts

Samples: Credit and Security Agreement (Aziyo Biologics, Inc.), Credit and Security Agreement (Term Loan) (Aziyo Biologics, Inc.), Credit and Security Agreement (Term Loan) (Aziyo Biologics, Inc.)

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Transfer of Licenses. In the event any Permit License is terminated or in the event of foreclosure or other acquisition of any location owned or leased by BorrowerLocation, any Inventory or other Collateral by Agent Lender or its designee or any purchaser at a foreclosure sale, Borrower shall cooperate with Agent Lender to cause all Permits Licenses to be reissued or transferred to Agent Lender or AgentLender’s designee, including, without limitation, any subsequent purchaser.

Appears in 1 contract

Samples: Loan Agreement (Regeneration Technologies Inc)

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