Transfers of Collateral. No Pledgor shall sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Collateral pledged by it hereunder except as expressly permitted by the Credit Agreement.
Transfers of Collateral. Transfer, directly or indirectly, all or any interest in the Property or the Collateral. Notwithstanding the foregoing, Borrower shall be permitted to transfer the Property to a Single Purpose Entity wholly owned, directly or indirectly, by KBS REIT, subject to prior written consent by Lender, not to be unreasonably withheld, which approval may include, without limitation, the following requirements: (1) execution of such loan documentation as Lender determines necessary (including, without limitation, an assumption of the Loan Documents and any new Deed(s) of Trust to ensure Lender’s continued first priority lien on the Property), (2) Lender’s receipt of title insurance, (3) payment of reasonable costs and expenses of Lender, and (4) there shall be no Event of Default.
Transfers of Collateral. The Company shall not, and shall not permit any Subsidiary to, sell or otherwise Transfer any Property constituting Collateral, except Transfers for an Acceptable Consideration of obsolete or worn-out equipment constituting Collateral, or excess equipment constituting Collateral, in each case that is no longer useful in the business of the Company or such Subsidiary, if each of the following conditions would be satisfied with respect to such Transfer:
(i) the sum of
(A) the current book value of such Property, plus
(B) the aggregate book value of all other Property of the Company and the Subsidiaries Transferred pursuant to this Section 6.15(c) during the period beginning on the first day of the then current fiscal year of the Company and ended immediately prior to the date of such Transfer, would not exceed five million dollars ($5,000,000),
(ii) the sum of
(A) the current book value of such Property, plus
(B) the aggregate book value of all other Property of the Company and the Subsidiaries Transferred pursuant to this Section 6.15(c) during the period commencing on October 31, 1999 and ended at the time of such Transfer, would not exceed twenty million dollars ($20,000,000) and
(iii) immediately prior to, and immediately after the consummation of such transaction, and after giving effect thereto, no Default or Event of Default exists or would exist, provided, that all or any portion of the assets which are the subject of any Transfer of Property shall be excluded for purposes of clause (i) and clause (ii) of this Section 6.15(c) if, within three hundred sixty (360) days after such Transfer, the entire proceeds of such Transfer (net of ordinary and reasonable transaction costs and expenses incurred in connection with such Transfer) are applied by the Company or such Subsidiary to:
Transfers of Collateral. Subject to Section 9.17, Borrowers shall not transfer, directly or indirectly, all or any interest in any Property or the Collateral.
Transfers of Collateral. The Pledgor will not convey, sell, transfer, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option or other right to purchase or otherwise acquire, any of the Collateral or any of the other Company Equity Interests owned or otherwise held thereby, whether now owned or hereafter acquired.
Transfers of Collateral. The Grantor agrees that it will not, nor will it permit any of its Subsidiaries to (a) directly or indirectly, sell, lease, assign, transfer or otherwise dispose of, or grant any option with respect to, any of the Collateral, or any part thereof or interest therein, except as expressly authorized under the Secured Note Purchase Agreement, (b) directly or indirectly create, incur, assume, or suffer to exist any Lien on any of the Pledged Collateral now owned or hereafter acquired except for the Lien under this Agreement and as permitted under the Secured Note Purchase Agreement, or (c) enter into any agreement or understanding that purports to or may restrict or inhibit the Agent's rights or remedies hereunder, including, without limitation, the Agent's right to sell or otherwise dispose of the Pledged Collateral.
Transfers of Collateral. (i) The Company shall not, and shall not permit any Restricted Subsidiary to, sell or otherwise Transfer any Property constituting Collateral, except Transfers for an Acceptable Consideration of obsolete or worn-out equipment constituting Collateral, or excess equipment constituting Collateral, in each case that is no longer useful in the business of the Company or such Restricted Subsidiary, if each of the following conditions would be satisfied with respect to such Transfer:
(A) the sum of
Transfers of Collateral. No Grantor shall sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Collateral pledged by it or in which it has granted a security interest hereunder except as permitted by the Credit Agreement.
Transfers of Collateral. Other than pursuant to a transaction permitted by Article V, the Company shall not sell or otherwise transfer to any third party any of its ownership of the Collateral or any proceeds thereof (except to pay Obligations in respect of the Notes, this Indenture, and the Note Security Documents, pursuant to the provisions hereof and thereof), except for transfers of Collateral (other than the Ambac Note (or any right related thereto) or the Ambac Note Proceeds Collateral Account (or any assets credited thereto or on deposited therein)) which are (a) Immaterial Dispositions or (b) pursuant to a transaction where the proceeds of such transfer secure the Notes.
Transfers of Collateral. Neither the Debtors nor their agents, servants or employees will sell, encumber, assign or offer to sell, encumber or assign or otherwise transfer the Collateral, either in whole or in part, or any interest therein without the prior written consent of the Collateral Agent, other than as contemplated by the Notes or the Series F Senior Preferred Stock.
