Common use of Dispositions Not Authorized Clause in Contracts

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement and notwithstanding any course of dealing between any Grantor 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 6.03 of the Credit Agreement) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured Parties.

Appears in 2 contracts

Sources: Credit Agreement (Dura Automotive Systems Inc), Pledge and Security Agreement (Dura Automotive Systems Inc)

Dispositions Not Authorized. No Grantor Except as otherwise permitted under the Credit Agreement, none of the Grantors is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement and notwithstanding any course of dealing between any Grantor 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 6.03 of the Credit Agreement) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured PartiesAgent.

Appears in 1 contract

Sources: Pledge and Security Agreement (Gasco Energy Inc)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 5.9 of the Credit Agreement and notwithstanding any course of dealing between any Grantor 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 6.03 5.9 of the Credit Agreement) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured Parties.

Appears in 1 contract

Sources: Credit Agreement (Dura Automotive Systems Inc)

Dispositions Not Authorized. No Except as permitted under the Credit Agreement, no Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement and notwithstanding any course of dealing between any Grantor and the Collateral Administrative Agent or other conduct of the Collateral Administrative Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 6.03 of the Credit Agreement) shall be binding upon the Collateral Administrative Agent or the other Secured Parties unless such authorization is contained in the Credit Agreement or in another writing signed by the Collateral Administrative Agent with the consent or at the direction of the Required Secured PartiesLenders.

Appears in 1 contract

Sources: Pledge and Security Agreement (Flywire Corp)

Dispositions Not Authorized. No Grantor is The Grantors are not authorized to sell or otherwise dispose of the Collateral except as set forth in permitted by Section 6.03 of the Credit Agreement and notwithstanding any course of dealing between any Grantor the Grantors and the Collateral Administrative Agent or other conduct of the Collateral Administrative Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in permitted by Section 6.03 of the Credit Agreement) shall be binding upon the Collateral Administrative Agent or the other Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured PartiesAdministrative Agent.

Appears in 1 contract

Sources: Pledge and Security Agreement (Maytag Corp)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement 4.1(c) and notwithstanding any course of dealing between any Grantor 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 6.03 of the Credit Agreement4.1(c)) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured PartiesNoteholders pursuant to the Indenture.

Appears in 1 contract

Sources: Pledge and Security Agreement (Postmedia Network Canada Corp.)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement 5.1(d) and notwithstanding any course of dealing between any Grantor 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 6.03 of 5.1(d) or as otherwise permitted under the Credit Term Loan Agreement) shall be binding upon the Collateral Agent or the Secured Parties Lenders unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured PartiesLenders.

Appears in 1 contract

Sources: Term Loan Agreement (Wesco International Inc)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement 4.1.5 hereof and notwithstanding any course of dealing between any Grantor 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 6.03 of the Credit Agreement4.1.5 hereof) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Requisite Secured Parties.

Appears in 1 contract

Sources: Pledge and Security Agreement (Encore Capital Group Inc)

Dispositions Not Authorized. No Grantor Except as otherwise permitted under the Credit Agreement, none of the Grantors is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement and notwithstanding any course of dealing between any Grantor 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 6.03 of the Credit Agreement) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured PartiesAgent.

Appears in 1 contract

Sources: Pledge and Security Agreement (Gastar Exploration Inc.)

Dispositions Not Authorized. No Grantor Except as otherwise permitted under the Indenture, none of the Grantors is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement and notwithstanding any course of dealing between any Grantor 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 6.03 of the Credit Agreement) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured PartiesAgent.

Appears in 1 contract

Sources: Pledge and Security Agreement (Gastar Exploration Inc.)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement 4.1.5 and notwithstanding any course of dealing between any Grantor 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 6.03 of the Credit Agreement4.1.5) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Credit Secured Parties and the Required Note Secured Parties.

Appears in 1 contract

Sources: Security Agreement (Astec Industries Inc)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.03 of the Credit Agreement and notwithstanding any course of dealing between any Grantor 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 6.03 of the Credit Agreement) shall be binding upon the Collateral Agent or the Holders of Secured Parties Obligations unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured PartiesLenders.

Appears in 1 contract

Sources: Pledge and Security Agreement (United Stationers Supply Co)