Common use of Sales of Property Clause in Contracts

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. The Borrower will not sell, transfer or otherwise dispose of, in one or any series of transactions, any of the Collateral Mortgaged Properties except: (a) for production inventory in the ordinary course of business; and ________________________________________________________________________________ 32and (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.