Disposition of Collateral Outside Ordinary Course. The Grantor is not authorized to sell or otherwise dispose of the Collateral outside of the ordinary course of business unless consented to by the Trustee, with the consent or at the direction of the Holders of at least a majority in principal amount of the then-outstanding Bonds.
Appears in 7 contracts
Samples: Pledge and Security Agreement (Red Oak Capital Fund Series, LLC), Pledge and Security Agreement (MCI Income Fund VII, LLC), Pledge and Security Agreement (Red Oak Capital Intermediate Income Fund, LLC)
Disposition of Collateral Outside Ordinary Course. The Grantor is shall not authorized to sell or otherwise dispose of the Collateral outside of the ordinary course of business unless consented without the prior consent of the Trustee (provided the Trustee shall have no obligation to by consent absent the Trustee, with receipt of the consent or at the direction of the Holders of at least a majority in principal amount of the then-outstanding Bonds).
Appears in 2 contracts
Samples: Pledge and Security Agreement (Gladstone Companies, Inc.), Pledge and Security Agreement (Gladstone Companies, Inc.)
