Limitations on Dispositions of Collateral. The Grantor will not sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so except for (x) sales of Inventory in the ordinary course of its business, (y) so long as no Default or Event of Default has occurred and is continuing, the disposition in the ordinary course of business of items of Equipment and which have become worn out or obsolete and (z) as otherwise permitted by the Amended and Restated Note Agreement.
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Samples: Security Agreement (Source Media Inc), Security Agreement (Source Media Inc)
Limitations on Dispositions of Collateral. The Grantor will not ----------------------------------------- sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so except for (x) sales of Inventory in the ordinary course of its business, (y) so long as no Default or Event of Default has occurred and is continuing, the disposition in the ordinary course of business of items property not material to the conduct of Equipment and which have become worn out its business, or obsolete and (z) as otherwise sales, transfers and other dispositions of Collateral permitted by or consented to pursuant to the Amended Credit Agreement and Restated Note Agreementthe other Loan Documents.
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Samples: Security Agreement (Matthews Studio Equipment Group), Security Agreement (Matthews Studio Equipment Group)
Limitations on Dispositions of Collateral. The No Grantor will not sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so except for (x) sales of Inventory in the ordinary course of its business, business and (y) so long as no Default or Event of Default has occurred and is continuing, sales, transfers and other dispositions of Collateral permitted under Section 10.6 of the disposition in the ordinary course of business of items of Equipment and which have become worn out Credit Agreement or obsolete and (z) as otherwise permitted by under the Amended and Restated Note Credit Agreement.
Appears in 2 contracts
Samples: Pledge Agreement (Denali Inc), Security Agreement (Denali Inc)
Limitations on Dispositions of Collateral. The No Grantor will not sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so except for (x) sales of Inventory in the ordinary course of its business, business and (y) so long as no Default or Event of Default has occurred and is continuing, sales, transfers and other dispositions of Collateral permitted under Section 9.6 of the disposition in the ordinary course of business of items of Equipment and which have become worn out or obsolete and (z) as otherwise permitted by the Amended and Restated Note Credit Agreement.
Appears in 2 contracts
Samples: Security Agreement (Merisel Inc /De/), Security Agreement (Merisel Inc /De/)
Limitations on Dispositions of Collateral. The No Grantor will not sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so except for (x) sales of Inventory in the ordinary course of its business, (y) so long as no Default business or Event of Default has occurred and is continuing, the disposition in the ordinary course of business of items of Equipment and which have become worn out or obsolete and (z) as otherwise permitted by pursuant to Section 10.2.6 of the Amended and Restated Note Loan Agreement.
Appears in 1 contract
Samples: Guarantor Security Agreement (Steinway Musical Instruments Inc)
Limitations on Dispositions of Collateral. The No Grantor will not sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so except for (x) sales sales, transfers and other dispositions of Inventory in Collateral to the ordinary course of its business, (y) so long as no Default or Event of Default has occurred and is continuing, extent permitted under the disposition in the ordinary course of business of items of Equipment and which have become worn out or obsolete and (z) as otherwise permitted by the Amended and Restated Note Credit Agreement.
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