Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts and leasehold interests), whether now owned or hereafter acquired, except as expressly permitted by the Operative Documents.
Appears in 4 contracts
Sources: Triple a One Credit Agreement (Onyx Acceptance Corp), Credit Agreement (Onyx Acceptance Corp), Credit Agreement (Onyx Acceptance Corp)
Limitation on Sale of Assets. Convey, sell, leaseassign, transfer, lease or otherwise dispose of, or permit any of its Subsidiaries to convey, sell, assign, transfer transfer, lease or otherwise dispose of, any of the Collateral or any of its property, business or assets (including, without limitation, Contracts and leasehold interests)assets, whether now owned or hereafter acquired, except as expressly permitted by except:
(a) obsolete or worn-out equipment or inventory disposed of in the Operative Documentsordinary course of business; and
(b) the sale of inventory in the ordinary course of business.
Appears in 2 contracts
Sources: Credit Agreement (Computer Learning Centers Inc), Credit Agreement (Computer Learning Centers Inc)
Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts receivables and leasehold interests), whether now owned or hereafter acquiredacquired to any Person, except as expressly permitted by except: (a) the Operative Documentsconveyance, sale, lease, assignment, transfer or other disposition of obsolete or surplus property in the ordinary course of business; and (b) the sale of inventory in the ordinary course of business.
Appears in 2 contracts
Sources: Bridge Loan Agreement (Minim, Inc.), Bridge Loan Agreement (Hitchcock Jeremy P.)
Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts Receivables and leasehold interests)interests therein) which is valued in excess of $10,000, whether now owned or hereafter acquired, except as expressly permitted by the Operative DocumentsAgreements.
Appears in 1 contract
Sources: Loan and Security Agreement (Essex International Inc /)
Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts and leasehold intereststhe Assets after purchase pursuant to the Asset Purchase Agreement), whether now owned or hereafter acquired, except as expressly permitted by the Operative Documentsfor transactions effected in compliance with subsection 3.2(b) of this Agreement.
Appears in 1 contract
Limitation on Sale of Assets. Convey, sell, lease, assign, exchange, transfer or otherwise dispose of (a "Disposition") any of its property, business or assets (including, without limitation, Contracts receivables and leasehold interests), whether now owned or hereafter acquiredacquired to any Person or, except as expressly permitted by in the Operative Documents.case of any Restricted Subsidiary, issue or sell any shares of or other interests in such Restricted Subsidiary's Capital Stock to any Person other than the Borrower, except:
Appears in 1 contract
Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts and leasehold interests), whether now owned or hereafter acquired, except as expressly permitted by provided in the Operative Documents.
Appears in 1 contract
Limitation on Sale of Assets. ConveyOther than in the ordinary course of business, convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Contracts receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any equity interest of such Subsidiary’s equity interest, to any Person other than Holdings, Satellite or any of their respective Subsidiaries, except as expressly permitted by the Operative Documentsin Section 7.4(b).
Appears in 1 contract
Sources: Senior Subordinated Term Loan Agreement (Iridium Communications Inc.)