Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, Debtor immediately shall notify Bank, and upon request of Bank shall assign or indorse the same to Bank. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of Bank, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
Appears in 9 contracts
Samples: Security Agreement (Fountain Powerboat Industries Inc), Security Agreement (Petmed Express Inc), Loan Agreement (Opnet Technologies Inc)
Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, Debtor immediately shall notify BankLender, and upon request of Bank Lender shall assign or indorse the same to BankLender. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of BankLender, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
Appears in 3 contracts
Samples: Security Agreement (Tri-S Security Corp), Security Agreement (Florida Public Utilities Co), Loan Agreement (Medical Technology Systems Inc /De/)
Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, each affected Debtor shall immediately shall notify BankLender, and upon request of Bank Lender, shall assign or indorse the same to BankLender. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor Debtors in any manner without the prior written consent of BankLender, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of businessDebtors' ongoing normal business operations.
Appears in 1 contract
Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, ,Debtor immediately shall notify Bank, and upon request of Bank shall assign or indorse the same to Bank. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of Bank, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
Appears in 1 contract
Samples: Rent a Wreck of America Inc
Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, Debtor shall immediately shall notify BankLender, and upon request of Bank Lender, shall assign or indorse the same to BankLender. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of BankLender, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.. Security Agreement in Favor of Fifth Third Bank
Appears in 1 contract
Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, Debtor immediately shall notify Bank, and upon request of Bank shall assign or indorse the same to Bank. No Collateral may be sold, leased]eased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of Bank, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
Appears in 1 contract
Samples: Rent a Wreck of America Inc
