Xxxx of Assets. If the real property or any other asset held by the Partnership is sold, the net proceeds realized from such sale, including the net proceeds derived from the sale or satisfaction of any purchase money mortgage, shall be allocated as follows:
Xxxx of Assets. The Company will not, and will not permit any Subsidiary to, sell, lease, transfer, abandon or otherwise dispose of assets including, without limitation, pursuant to any Sale and Leaseback Transaction (except assets sold in the ordinary course of business for fair market value and except as provided in Section 10.5(c)); provided that the foregoing restrictions do not apply to:
Xxxx of Assets. The Company will not, and will not permit any Subsidiary to, Dispose of any property or assets (including the Capital Stock of a Subsidiary), except:
Xxxx of Assets. Subject to the terms and conditions of this Agreement, American Hallmark Insurance Company of Texas, TBIC Holdings and Texas Builders Insurance Company (Sellers) hereby agree to sell, and Purchaser hereby agrees to purchase, certain assets of American Hallmark Insurance Company of Texas inclusive of certain assets of TBIC Holdings Inc. and Texas Builders Insurance Company set forth in Schedule 1.1 of this Agreement (Acquired Assets), free and clear of all encumbrances, other than permitted encumbrances, for the Asset Purchase consideration set forth in Section 1.3 hereof.
Xxxx of Assets. Except as permitted in Section 10.10, the Company shall not, and shall not permit any Subsidiary to, voluntarily or by operation of law, sell, lease, transfer, or otherwise dispose of Collateral in excess of five percent (5%) in any instance or twenty percent (20%) in the aggregate of the lower of the book value or fair market value of the Company's total assets. Within twelve (12) months after the occurrence of any such permitted disposition, the Company shall reinvest the entire proceeds resulting therefrom in assets or property which are the same or substantially similar to the transferred assets, which assets or property shall be subject to a first Lien of record and a first security interest in favor of Purchaser, Purchaser's nominee and any registered holder of a Note. The provisions of this Section 10.20 shall not restrict or impair the provisions of Section 10.21 regarding substitution of Collateral.
Xxxx of Assets. Subject to the terms and conditions of this Agreement, at the Closing, Seller shall, and shall cause its Subsidiaries, as applicable, to, irrevocably sell, transfer, convey, assign and deliver to Buyer, free and clear of all Encumbrances, and Buyer shall purchase from Seller and its Subsidiaries, as applicable, all of the right, title and interest in, to and under the Acquired Assets that Seller or any of its Subsidiaries owns, leases, licenses, possesses or uses and has the right to transfer as of the Effective Time, wherever located.
Xxxx of Assets. The board of directors will acknowledge that the performance of this Agreement will not constitute the "sale of all or substantially all" of the Company's assets.
Xxxx of Assets. Subject to the terms and conditions set forth in this Agreement, at the Closing, Seller will sell to Buyer, and Buyer will purchase from Seller, all of Seller's rights, titles and interests in, to and under the Assets. Except as otherwise specifically provided in this Agreement, all the Assets are intended to be transferred to Buyer, whether or not described in the Schedules.
Xxxx of Assets. If during or after confirmation of a plan of reorganization, a purchaser purchases substantially all of the assets of Coram, Coram will use its best efforts, subject to B.Braun's consent, to have such purchaser assume the obligations of txx Xxxxxxent. If the Agreement is not assumed by such purchaser, then Coram agrees that B.Braun will have an administrative claim to be paid out of the procexxx xx such sale, and if the proceeds are inadequate, from the general assets of Coram. Coram hereby agrees that the automatic stay under 11 U.S.C. Section 362 shall not be applicable to the enforcement by B.Braun of any of its rights under the terms of the Agreement or applxxxxxx law, and the Order approving this Amendment will so provide.
Xxxx of Assets. 6 2.1 Assets to be Sold and Purchased......................................6 2.2
