Common use of Except for Permitted Transfers Clause in Contracts

Except for Permitted Transfers. Borrower shall not, and shall not allow any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assets.

Appears in 3 contracts

Sources: Loan and Security Agreement (Codiak BioSciences, Inc.), Loan and Security Agreement (Petros Pharmaceuticals, Inc.), Loan and Security Agreement (G1 Therapeutics, Inc.)

Except for Permitted Transfers. Borrower shall not, and shall not allow any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in (a) any material portion of its assets, (b) any material portion of the assets of any Project, or (c) any equity interests it holds in any Qualified Subsidiary.

Appears in 1 contract

Sources: Loan and Security Agreement (Plug Power Inc)

Except for Permitted Transfers. Borrower shall not, and shall not allow permit any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey (“Transfer”) any equitable, beneficial or legal interest in any material portion of its assetsassets (including, without limitation, pursuant to a Division).

Appears in 1 contract

Sources: Loan and Security Agreement (COMPASS Pathways PLC)

Except for Permitted Transfers. Borrower shall not, not and shall not allow permit any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assets.

Appears in 1 contract

Sources: Loan and Security Agreement (Egalet Corp)

Except for Permitted Transfers. Borrower shall not, and shall not allow permit any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assetsassets (including Cash).

Appears in 1 contract

Sources: Loan and Security Agreement (Seres Therapeutics, Inc.)

Except for Permitted Transfers. Borrower shall not, and shall not allow permit any Subsidiary to, voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assets.any

Appears in 1 contract

Sources: Loan and Security Agreement (Madrigal Pharmaceuticals, Inc.)