Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of Business.
Appears in 4 contracts
Samples: Revolving Credit and Security Agreement (Aventine Renewable Energy Holdings Inc), Revolving Credit and Security Agreement (Aventine Renewable Energy Holdings Inc), Revolving Credit and Security Agreement (Akrion, Inc.)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of Businessotherwise.
Appears in 3 contracts
Samples: Term Loan and Security Agreement (ARKO Corp.), Term Loan and Security Agreement (GPM Petroleum LP), Term Loan and Security Agreement (GPM Petroleum LP)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except the sale disposition or transfer of Inventory obsolete and/or worn-out Equipment in the Ordinary Course of BusinessBusiness during any fiscal year having an aggregate fair market value of not more than $500,000.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement (Research Pharmaceutical Services, Inc.), Revolving Credit and Security Agreement (Research Pharmaceutical Services, Inc.), Revolving Credit and Security Agreement (Research Pharmaceutical Services, Inc.)
Disposition of Collateral. Each Borrower and each of its Subsidiaries will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except (a) the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness or (b) as provided for under Section 7.1(b) hereof.
Appears in 2 contracts
Samples: Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of Businessas permitted pursuant to Section 7.5 hereof.
Appears in 2 contracts
Samples: Credit Agreement (Kendle International Inc), Credit Agreement (Kendle International Inc)
Disposition of Collateral. Each Borrower will safeguard and protect all --------------------------- Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except (i) the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness, and (ii) the transfer and/or sale of Receivables to Factor.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Delta Woodside Industries Inc /Sc/), Revolving Credit and Security Agreement (Delta Mills Inc)
Disposition of Collateral. Each Borrower will safeguard and ------------------------- protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except (a) the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness and (b) the disposition or transfer of obsolete and worn-out Equipment or Equipment no longer useful in the ordinary course of business during any fiscal year having an aggregate fair market value of not more than $250,000.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Styrochem International LTD), Revolving Credit and Security Agreement (Styrochem International Inc)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral granted by such Borrower for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Radnor Holdings Corp), Revolving Credit and Security Agreement (Radnor Holdings Corp)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of BusinessPermitted Dispositions.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (SMTC Corp), Revolving Credit and Security Agreement (SMTC Corp)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except (i) the sale and lease of Inventory in the Ordinary Course ordinary course of Businessbusiness, and (ii) other dispositions of Collateral which are permitted under Section 7.1(b).
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Foster L B Co)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof of all or any part thereof, whether by sale, lease lease, participation or otherwise except the sale of Inventory in the Ordinary Course of Businessotherwise.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Absolute Life Solutions, Inc.)
Disposition of Collateral. Each Borrower Borrowers will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (HMG Worldwide Corp)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of Business.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Hudson Technologies Inc /Ny)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of BusinessBusiness or the disposition of equipment as permitted under Section 7.1 of this Agreement.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Compudyne Corp)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of Businessas otherwise permitted under this Agreement.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Imco Recycling Inc)
Disposition of Collateral. Each Borrower will safeguard and ------------------------- protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness.
Appears in 1 contract
Samples: Revolving Credit, Factoring and Security Agreement (Tarrant Apparel Group)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except (i) the sale and lease of Inventory in the Ordinary Course ordinary course of Businessbusiness, and (ii) other dispositions of Collateral which do not exceed $1,000,000 in any fiscal year of the Borrowers.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Foster L B Co)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except (a) the sale of Inventory in the Ordinary Course of Business and (b) the disposition or transfer of obsolete and worn-out Equipment in the Ordinary Course of Business.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Zanett Inc)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Administrative Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of BusinessPermitted Dispositions.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Skullcandy, Inc.)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no material disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness and dispositions permitted by Section 7.1.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Robotic Vision Systems Inc)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's and Lenders' general account and make no disposition thereof whether by sale, lease or otherwise except (a) the sale or lease of Inventory in the Ordinary Course ordinary course of Businessbusiness and (b) the disposition or transfer of obsolete or worn-out Equipment in the ordinary course of business.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (General Datacomm Industries Inc)
Disposition of Collateral. Each The Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except the sale of Inventory in the Ordinary Course of Businessas otherwise permitted under this Agreement.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Horsehead Holding Corp)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except (a) the sale of Inventory in the Ordinary Course of BusinessBusiness and (b) the disposition or transfer of obsolete and worn-out Equipment, or of other Collateral (excluding Receivables), in the Ordinary Course of Business during any fiscal year having an aggregate fair market value of not more than $150,000.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Small World Kids Inc)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except (a) the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness, (b) the transfer and/or sale of Receivables to Factor, and (c) dispositions permitted under this Agreement.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Delta Mills Inc)
Disposition of Collateral. Each Borrower will safeguard and protect all Collateral for AgentLender’s general account and make no disposition thereof whether by sale, lease or otherwise except for the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness.
Appears in 1 contract
Disposition of Collateral. Each Borrower and each of its Subsidiaries will ------------------------- safeguard and protect all Collateral for Agent’s 's general account and make no disposition thereof whether by sale, lease or otherwise except (a) the sale of Inventory in the Ordinary Course ordinary course of Businessbusiness or (b) as provided for under Section 7.1(b) hereof.
Appears in 1 contract
