Going Concern Sale

Example Definitions of "Going Concern Sale"
Going Concern Sale. Shall mean a sale or other disposition, outside of such Subsidiary's ordinary course of business, by Borrower that closes on or before the Maturity Date, of (i) all or any of the Collateral, (ii) all or substantially all of the assets of any of the Subsidiaries, or (iii) any of the Subsidiaries Stock, each of which sale or sales shall be subject to the prior written consent of the Bank, in its sole... and absolute discretion. View More Arrow
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