Sales of Property Clause Samples
Sales of Property. During the period of his employment with the Company, Executive shall not sell, assign, convey or otherwise transfer any of the property listed on Schedule A hereto to a competitor of the Company, which for purposes of this subsection (d) only, shall mean such Persons defined as such by resolution of at least 75% of the Company’s independent directors. Notwithstanding anything to the contrary contained herein, at any time after any termination of Executive’s employment with the Company for any reason whatsoever or for no reason, Executive shall not be restricted in any way from using, owning, developing, contributing, financing, selling, transferring or otherwise disposing of, for any purpose or to or with any Person, including but not limited to a Competitor, any of the property listed on Schedule A hereto.
Sales of Property. The Custodian shall settle sold Property upon receipt of Written Instructions that specify:
(a) the name of the issuer and the title of the security or other Property, including CUSIP number if applicable;
(b) the number of shares or principal amount or amount of Interests sold, and accrued interest, if any;
(c) the date of trade and settlement;
(d) the sale price per unit;
(e) the total amount payable to the Customer upon such sale;
(f) the name of the broker through whom or the person to whom the sale was made;
(g) the location to which the security must be delivered and delivery deadline, if any; and The Custodian shall deliver the Property upon receipt of the total amount payable to the Customer upon such sale, provided that the total amount payable is the same as was set forth in the Written Instructions. Notwithstanding the other provisions thereof, the Custodian may accept payment in such form as shall be satisfactory to it, and may deliver Property and arrange for payment in accordance with the customs prevailing among dealers in securities. It is understood that the Custodian shall have no duty hereunder to solicit or request payment for any such sale.
Sales of Property. In the event Chugach sells any Applicable Property, the transferee shall not be assessed a property tax on the same Applicable Property for the same year.
Sales of Property. The Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of its Oil and Gas Properties.
Sales of Property. The Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of the Collateral except:
(a) for production inventory in the ordinary course of business; and ________________________________________________________________________________ 32
(b) for used, surplus, obsolete or worn-out equipment in the ordinary course of business; and
(c) sales made with the consent of the Administrative Agent and subject to any conditions with respect thereto.
Sales of Property. Continue to pursue the sale on commercially reasonable terms of property owned by the Borrower or any Subsidiary thereof which is neither material nor necessary to the operations of the business of the Borrower and its Subsidiaries.".
Sales of Property. Except for the sale, transfer or other disposition of the Mortgaged Properties with an aggregate market value of $250,000.00 or less during any Borrowing Base Period none of the Credit Parties will sell, transfer or otherwise dispose of, in one or any series of transactions, any of the Borrowing Base Properties or the Mortgaged Properties.
Sales of Property. Gain or loss resulting from any sale of Company property with respect to which gain or loss is recognized for federal income tax purposes shall be computed by reference to the Book Value of the asset sold, notwithstanding that the adjusted tax basis of such asset differs from its Book Value.
Sales of Property. Except for the obligation of the Borrower to convey a net profits interest to Diversified Dynamics Corporation pursuant to the Diversified Dynamics Note after the Debt evidenced by the Notes is repaid in full and the Lender is no longer obligated to make Advances, the Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of the Subject Properties.
Sales of Property. ▇.▇. ▇▇▇▇▇▇ shall settle sold Property upon receipt of Written Instructions that specify:
(a) the name of the issuer and the title of the securities or other Property, including CUSIP number if applicable;
(b) the number of shares or principal amount or amount of securities sold, and accrued interest, if any;
(c) the date of trade and settlement;
(d) the sale price per unit;
(e) the total amount payable to the Customer upon such sale;
(f) the name of the broker through whom or the person to whom the sale was made;
(g) the location to which the securities or other Property must be delivered and delivery deadline, if any; and