Common use of Dispositions Not Authorized Clause in Contracts

Dispositions Not Authorized. No Obligor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.13 of the Credit Agreement and, notwithstanding any course of dealing between any Obligor 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 6.13 of the Credit Agreement) shall be binding upon the Administrative Agent or the other Secured Parties unless such authorization is in writing signed by the Administrative Agent with the consent or at the direction of the Required Lenders.

Appears in 2 contracts

Samples: Guaranty and Collateral Agreement, Guaranty and Collateral Agreement (Superior Energy Services Inc)

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Dispositions Not Authorized. No Obligor Debtor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.13 of permitted by the Credit Agreement and, and notwithstanding any course of dealing between any Obligor 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 6.13 of permitted by the Credit Agreement) shall be binding upon the Administrative Agent or the other Secured Parties unless such authorization is in writing signed by the Administrative Agent with the consent or at the direction of the Required LendersAgent.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Vanguard Natural Resources, Inc.)

Dispositions Not Authorized. No Obligor The Borrower is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.13 of the Credit Agreement and, and notwithstanding any course of dealing between any Obligor the 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 6.13 of the Credit Agreement) shall be binding upon the Administrative Agent or the other Secured Parties 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: Credit Agreement (NVR Inc)

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Dispositions Not Authorized. No Obligor Debtor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 6.13 of 4.3 or as otherwise permitted by the Credit Agreement andAgreement, and notwithstanding any course of dealing between any Obligor 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 6.13 of 4.3 or as otherwise permitted by the Credit Agreement) shall be binding upon the Administrative Agent or the other Secured Parties unless such authorization is in writing signed by the Administrative Agent with the consent or at the direction of the Required LendersAgent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Primeenergy Corp)

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