Common use of Limitation on Transfers Clause in Contracts

Limitation on Transfers. Neither Borrower nor any of its Subsidiaries shall convey, sell, lease, transfer or otherwise dispose of, any of its assets or property other than (a) the sale of inventory in the ordinary course of business and (b) prior to the termination of the Merger Agreement pursuant to the terms thereof, any conveyance, sale, lease, transfer or disposition permitted pursuant to the terms of the Merger Agreement; provided, however, that in no event shall Borrower or any Restricted Subsidiary convey, sell, transfer or otherwise dispose of any assets or property to any Subsidiary that is not a Restricted Subsidiary except for transfer of nonmaterial assets and property for normal operating purposes in the ordinary course of business, even if such conveyance, sale, transfer or other disposition is otherwise permitted pursuant to the Merger Agreement.