Common use of Dispositions Not Authorized Clause in Contracts

Dispositions Not Authorized. The Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the Debtor and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

Appears in 6 contracts

Samples: Credit Agreement (P F Changs China Bistro Inc), Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc)

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Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the Debtor Borrower and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

Appears in 4 contracts

Samples: Credit Agreement (Viad Corp), Security Agreement (Magnetek Inc), Credit Agreement (Viad Corp)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(e) and notwithstanding any course of dealing between the Debtor Borrower and the Agent Lender or other conduct of the AgentLender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(e)) shall be binding upon the Agent or the Lenders Lender unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersLender.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Acacia Diversified Holdings, Inc.), Asset Purchase Agreement (Acacia Automotive Inc)

Dispositions Not Authorized. The Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 5.2 and notwithstanding any course of dealing between the Debtor and the Agent Bank or other conduct of the AgentBank, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.55.2) shall be binding upon the Agent or the Lenders Bank unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersBank.

Appears in 2 contracts

Samples: Broker Loan Pledge and Security Agreement (Ameritrade Holding Corp), Broker Loan Pledge and Security Agreement (First of America Bank Corp /Mi/)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(d) and notwithstanding any course of dealing between the Debtor Borrower and the Agent Lender or other conduct of the AgentLender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(d)) shall be binding upon the Agent Lender or the Lenders other Secured Parties unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersLender.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(e) and notwithstanding any course of dealing between the Debtor Borrower, Agent and the Agent Lenders or other conduct of the AgentAgent or any Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(e)) shall be binding upon the Agent or the Lenders any Lender unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Majority Lenders.

Appears in 2 contracts

Samples: Security Agreement (Lilis Energy, Inc.), Security Agreement (HII Technologies, Inc.)

Dispositions Not Authorized. The Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the Debtor and the Agent Lender or other conduct of the AgentLender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Agent or the Lenders Lender unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersLender.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mobility Electronics Inc)

Dispositions Not Authorized. The Debtor is not authorized to sell or otherwise dispose Without limiting the provisions of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the Debtor and the Agent or other conduct of the Agent4.1.5, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Pledge and Security Agreement (Maytag Corp)

Dispositions Not Authorized. The Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(e) and notwithstanding any course of dealing between the Debtor and the Agent Bank or other conduct of the AgentBank, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(e)) shall be binding upon the Agent or the Lenders Bank unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersBank.

Appears in 1 contract

Samples: Continuing Security Agreement (Bancinsurance Corp)

Dispositions Not Authorized. The No Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the any Debtor and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: And Restated Security Agreement (Midas Inc)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1.3 and notwithstanding any course of dealing between the Debtor Borrower and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1.3) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Properties Four LTD Partnership)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the Debtor Borrower and the Agent Lender or other conduct of the AgentLender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.Lender. PLEDGE AND SECURITY AGREEMENT (Tyler Technologies, Inc.)

Appears in 1 contract

Samples: Pledge and Security Agreement (Tyler Technologies Inc)

Dispositions Not Authorized. The Debtor No Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(d) and notwithstanding any course of dealing between the Debtor Borrower and the Agent Lender or other conduct of the AgentLender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(d)) shall be binding upon the Agent or the Lenders Lender unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersLender.

Appears in 1 contract

Samples: Security Agreement (Caraco Pharmaceutical Laboratories LTD)

Dispositions Not Authorized. The Such Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(E), and notwithstanding any course of dealing between the such Debtor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(E)) shall be binding upon the Collateral Agent or the Lenders other Secured Parties unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersCollateral Agent.

Appears in 1 contract

Samples: Security Agreement (Sand Springs Railway CO)

Dispositions Not Authorized. The Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(e) and notwithstanding any course of dealing between the Debtor and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(e)) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersAgent.

Appears in 1 contract

Samples: Pledge and Security Agreement (K2 Inc)

Dispositions Not Authorized. The No Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 5.1.5 or as otherwise permitted by the Amended and Restated Indenture and notwithstanding any course of dealing between the any Debtor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.55.1.5 or as otherwise permitted by the Amended and Restated Indenture) shall be binding upon the Collateral Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersCollateral Agent.

Appears in 1 contract

Samples: Intercreditor Agreement (Vanguard Natural Resources, Inc.)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth permitted in Section 4.1.5 the Credit Agreement and notwithstanding any course of dealing between the Debtor Borrower and the Agent or any Lender or other conduct of the AgentAgent or any Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5the Credit Agreement) shall be binding upon the Agent or the Lenders any Lender unless such authorization is in writing signed as required by the Agent with the consent or at the direction of the Required LendersSection 6 hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Rawlings Sporting Goods Co Inc)

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Dispositions Not Authorized. The No Debtor is not authorized to sell or --------------------------- otherwise dispose of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the such Debtor and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Pledge and Security Agreement (Transit Group Inc)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in accordance with Section 4.1.5 4.1(d) and notwithstanding any course of dealing between the Debtor Borrower and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in accordance with Section 4.1.54.1(d)) shall be binding upon the Collateral Agent or the Lenders Holders unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required LendersMajority Holders.

Appears in 1 contract

Samples: Pledge and Security Agreement (Elio Motors, Inc.)

Dispositions Not Authorized. The No Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1.5, and notwithstanding any course of dealing between the any Debtor and the Administrative Agent or other conduct of the Administrative Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Administrative Agent or the Lenders unless such authorization is in writing signed by the Administrative Agent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Pledge and Security Agreement (SCP Pool Corp)

Dispositions Not Authorized. The Debtor Term Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(E), and notwithstanding any course of dealing between the Debtor Term Borrower and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(E)) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Pledge and Security Agreement (Sand Springs Railway CO)

Dispositions Not Authorized. The No Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 5.1.5 or as otherwise permitted by the Indenture and notwithstanding any course of dealing between the any Debtor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.55.1.5 or as otherwise permitted by the Indenture) shall be binding upon the Collateral Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersCollateral Agent.

Appears in 1 contract

Samples: Intercreditor Agreement (Vanguard Natural Resources, LLC)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(e) and notwithstanding any course of dealing between the Debtor Borrower and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(e) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Pledge and Security Agreement (Chromcraft Revington Inc)

Dispositions Not Authorized. The Debtor Each Obligor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the Debtor Obligors and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Collateral Agent or the Lenders Banks or the Noteholders unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required LendersRequisite Creditors.

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(e) and notwithstanding any course of dealing between the Debtor Borrower and the Administrative Agent or other conduct of the Administrative Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(e)) shall be binding upon the Administrative Agent or the Lenders unless such authorization is in writing signed by the Administrative Agent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Pledge and Security Agreement (Teton Energy Corp)

Dispositions Not Authorized. The No Debtor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.3 or as otherwise permitted by the Credit Agreement, and notwithstanding any course of dealing between the any Debtor and the Administrative Agent or other conduct of the Administrative Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.3 or as otherwise permitted by the Credit Agreement) shall be binding upon the Administrative Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersAdministrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Primeenergy Corp)

Dispositions Not Authorized. The Debtor Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1(e) and notwithstanding any course of dealing between the Debtor Borrower and the Agent Bank or other conduct of the AgentBank, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.54.1(e)) shall be binding upon the Agent or the Lenders Bank unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required LendersBank.

Appears in 1 contract

Samples: Continuing Security Agreement (Neoprobe Corp)

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