Dealing with Collateral by the Debtor. The Debtor must not sell, lease or otherwise dispose of any of the Collateral without the prior written consent of the Secured Party, except that the Debtor may, until an Event of Default occurs, deal with its money or rent, lease or sell items of Inventory in the ordinary course of its business so that the purchaser thereof takes title thereto free and clear of the security interest, assignment and mortgage and charge granted hereby, but all proceeds of any such sale will continue to be subject to the security granted hereby. Upon the occurrence of an Event of Default and the exercise by the Secured Party of any of its rights and remedies under Section 4.1, all money received by the Debtor will be held by the Debtor in trust for the Secured Party and must be held separate and apart from other money of the Debtor and paid over to the Secured Party on request.
Dealing with Collateral by the Debtor. The Debtor shall not sell, lease or otherwise dispose of any of the Collateral without the prior written consent of the Secured Party, except that the Debtor may, until an Event of Default occurs, sell items of Inventory in the ordinary course of its business so that the purchaser thereof takes title thereto free and clear of the security interest, assignment and mortgage and charge granted hereby, but all proceeds of any such sale shall continue to be subject to the security interest, assignment and mortgage and charge granted hereby and all money received by the Debtor shall be received as trustee for the Secured Party and shall be held separate and apart from other money of the Debtor and shall be paid over to the Secured Party upon request.
Dealing with Collateral by the Debtor. The Debtor must not sell, lease or otherwise dispose of any of the Collateral without the prior written consent of the Secured Party, except that the Debtor may, until an Event of Default occurs, deal with the Collateral in the ordinary course of its business free and clear of the security interest, assignment and mortgage and charge granted hereby, but all proceeds of any such sale will continue to be subject to the security interest, assignment and mortgage and charge granted hereby.
Dealing with Collateral by the Debtor. The Debtor must not sell, lease or otherwise dispose of any of the Collateral except as permitted under the Credit Agreement.
Dealing with Collateral by the Debtor. The Debtor shall not sell, lease or otherwise dispose of any of the Collateral: (i) without the prior written consent of the Secured Party; or (ii) except as expressly permitted under the Charge; or (iii) except in the ordinary course of its business and subject to the terms of the Charge, and all proceeds of any such sale or disposition shall form part of the Collateral and shall continue to be subject to the security interest granted hereby.
Dealing with Collateral by the Debtor. (a) The Debtor in the ordinary course of its business may lease or sell items of inventory, so that the purchaser thereof takes title clear of the security interest hereby created, but if such sale or lease results in an account receivable, such account receivable is subject to the security interest hereby created.
(b) In the event that the Debtor shall collect or receive any of the accounts receivable or shall dispose of and be paid for any of the other Collateral covered by this agreement, all non-cash proceeds of such disposition shall be subject to the security interest hereby created and all monies so collected or received by the Debtor shall be received as Trustee for the Lender and shall be held separate and apart from other monies of the Debtor, and shall forthwith be paid over to the Lender.
Dealing with Collateral by the Debtor. (a) Provided that the Debtor is not in default under this Security Agreement, at any time without the consent of the Secured Party the Debtor may lease, sell, license, consign or otherwise deal with items of Inventory in the ordinary course of its business and for the purposes of carrying on its business, so that the purchaser thereof takes title clear of the security interest hereby created, but
(b) if such sale or lease results in an account receivable, such account receivable is subject to the security interest hereby created; and
(c) in the event that the Debtor shall collect or receive any of the accounts receivable or shall dispose of and be paid for any of the other Collateral covered by this General Security Agreement, all non-cash proceeds of such disposition shall be subject to the security interest hereby created; and
(d) all money so collected or received by the Debtor shall be received as trustee for the Secured Party and shall be held separate and apart from other money of the Debtor, and shall forthwith be paid over to the Secured Party.
Dealing with Collateral by the Debtor. Until the occurrence of an Event of Default the Debtor may sell its Inventory and collect its Accounts and otherwise deal with the Collateral in the ordinary course of its business without any requirement for the consent of Delaware. Notwithstanding the foregoing, after the occurrence of an Event of Default Delaware may notify any person obligated to the Debtor in respect of an Account, Chattel Paper or an Instrument of the existence of the Security Interest and, after the occurrence of an Event of Default, direct that such persons make payment to Delaware of all such present and future amounts due or to become due.
Dealing with Collateral by the Debtor. 7.1 The Debtor may in the ordinary course of its business and on customary trade terms, lease or sell items of inventory, so that the purchaser thereof takes title clear of the security interest hereby created, but if such sale or lease results in an account receivable, such account receivable is subject to the security interest hereby created.
7.2 In the event that the Debtor shall collect or receive any of the accounts or shall dispose of and be paid for any of the other Collateral, all non-cash proceeds of such disposition shall be subject to the security interest hereby created and all moneys or instruments collected or received by the Debtor shall be received and held by the Debtor in trust and shall be held separate and apart from other moneys or instruments of the Debtor and shall forthwith be paid over or delivered to the Secured Party.
Dealing with Collateral by the Debtor
