Common use of Dispositions Not Authorized Clause in Contracts

Dispositions Not Authorized. The Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender unless such authorization is in writing signed by the Lender.

Appears in 10 contracts

Samples: Pledge and Security Agreement (Supreme Industries Inc), Pledge and Security Agreement (Koss Corp), Pledge and Security Agreement (Magnetek Inc)

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Dispositions Not Authorized. The No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the any Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender or any other Secured Party unless such authorization is in writing signed by the Lender.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Franklin Covey Co), Pledge and Security Agreement (Arotech Corp), Pledge and Security Agreement (InfuSystem Holdings, Inc)

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

Appears in 3 contracts

Samples: Pledge and Security Agreement (Bluestem Brands, Inc.), Pledge and Security Agreement (Bluestem Brands, Inc.), Pledge and Security Agreement (Bluestem Brands, Inc.)

Dispositions Not Authorized. The Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) 4.1.5 hereof and notwithstanding any course of dealing between the Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)4.1.5 hereof) shall be binding upon the Lender unless such authorization is in writing signed by the Lender.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Proassurance Corp), Security Agreement (Smithfield Foods Inc)

Dispositions Not Authorized. The No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the any Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender unless such authorization is in writing signed by the Lender.

Appears in 2 contracts

Samples: Trademark Security Agreement (Rand Worldwide Inc), Pledge and Security Agreement (Macquarie CNL Global Income Trust, Inc.)

Dispositions Not Authorized. The No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender unless such authorization is in writing signed by the Lender.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Natural Gas Services Group Inc), Pledge and Security Agreement (Natural Gas Services Group Inc)

Dispositions Not Authorized. The No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the any Grantor and the Lender Note Collateral Agent or other conduct of the LenderNote Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender unless such authorization is in writing signed by Note Collateral Agent or the LenderNoteholder Secured Parties.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Westmoreland Energy LLC), Pledge and Security Agreement (WESTMORELAND COAL Co)

Dispositions Not Authorized. The No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the any Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender Secured Parties unless such authorization is in writing signed by the Lender.

Appears in 2 contracts

Samples: Security Agreement (Skyline Corp), Pledge and Security Agreement (Par Technology Corp)

Dispositions Not Authorized. The Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender or the other Secured Parties unless such authorization is in writing signed by the Lender.

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 No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the such Grantor and the Lender Agent or other conduct of the LenderAgent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender Agent or Lenders unless such authorization is in writing signed by Agent with the Lenderconsent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Pledge and Security Agreement (Nevada Gold & Casinos Inc)

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

Appears in 1 contract

Samples: Pledge and Security Agreement (Tetra Technologies Inc)

Dispositions Not Authorized. The Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d4.1 (d) and notwithstanding any course of dealing between the Grantor and the Lender Subordinated Collateral Agent or other conduct of the LenderSubordinated Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender Subordinated Collateral Agent or the Holders unless such authorization is in writing signed by the LenderSubordinated Collateral Agent with the consent or at the direction of the Required Holder(s).

Appears in 1 contract

Samples: Security Agreement (Bluestem Brands, Inc.)

Dispositions Not Authorized. The Neither Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the such Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender unless such authorization is in writing signed by the Lender.

Appears in 1 contract

Samples: Pledge and Security Agreement (Servicesource International, Inc.)

Dispositions Not Authorized. The No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d4.2(e) and notwithstanding any course of dealing between the any Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d4.2(e)) shall be binding upon the Lender unless such authorization is in writing signed by the Lender.

Appears in 1 contract

Samples: Pledge and Security Agreement (Electronic Cigarettes International Group, Ltd.)

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

Appears in 1 contract

Samples: Pledge and Security Agreement (Matrix Service Co)

Dispositions Not Authorized. The No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) 4.1.6 and notwithstanding any course of dealing between the any Grantor and the Lender Company or other conduct of the LenderCompany, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)4.1.6) shall be binding upon the Lender unless such authorization is in writing signed by the Lender.binding

Appears in 1 contract

Samples: Intercompany Security Agreement and Financing (Jacor Communications Inc)

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