Common use of Sales and Transfers Clause in Contracts

Sales and Transfers. Not sell, assign, lease, transfer, sell and leaseback, or otherwise dispose of all or any material amount of its assets not in the ordinary course of business to any person or entity or turn over the management of, or enter into a management contract with respect to, such assets.

Appears in 4 contracts

Sources: Line of Credit Agreement (Technical Communications Corp), Term Loan Agreement (Vivus Inc), Line of Credit Agreement (United Energy Corp /Nv/)

Sales and Transfers. Not sell, assign, lease, transfer, sell and leaseback, leaseback or otherwise dispose of all or any material amount of its assets not in the ordinary course of business to any person or entity or turn over the management of, or enter into a management contract with respect to, such assets.

Appears in 1 contract

Sources: Line of Credit Agreement (Mikron Instrument Co Inc)