Common use of Disposal Restrictions Clause in Contracts

Disposal Restrictions. Except with the prior written consent of all of the Majority Lenders, the Chargor must not (a) create, purport to create or permit to subsist any Security Interest on, or in relation to, any of the Secured Shares and/or the Related Rights other than this Security; (b) sell, assign, transfer, licence, lease, part with possession or otherwise dispose of in any manner (or purport to do so) of any part of or any interest, whether legal or beneficial, of the Secured Shares and/or the Related Rights; or (c) create or grant (or purport to create or grant) any interest in the Secured Shares and/or the Related Rights in favour of any third party.

Disposal Restrictions. Except with the prior written consent of all of the Majority LendersChargee, the Chargor must not: (a) create, purport to create or permit to subsist any Security Interest on, or in relation to, any of the Secured Shares and/or the Related Rights other than this Security; (b) sell, assign, transfer, licence, lease, part with possession or otherwise dispose of in any manner (or purport to do so) of any part of or any interest, whether legal or beneficial, of the Secured Shares and/or the Related Rights; or (c) create or grant (or purport to create or grant) any interest in the Secured Shares and/or the Related Rights in favour of any third party.