Common use of No Disposition of Collateral Clause in Contracts

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than in the ordinary course of business; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral.

Appears in 18 contracts

Samples: Loan Agreement, Security Agreement (Goldfield Corp), Security Agreement (Goldfield Corp)

AutoNDA by SimpleDocs

No Disposition of Collateral. Secured Party does not authorize, authorize and Debtor agrees not to: (i) a. make any sales or leases of any of the Collateral other than in the ordinary course of business; (ii) Collateral; b. license any of the Collateral; or (iii) grant or x. xxxxx any other security interest in any of the Collateral.

Appears in 4 contracts

Samples: Security Agreement (Professional Veterinary Products LTD /Mo/), Security Agreement (Professional Veterinary Products LTD /Mo/), Security Agreement (Professional Veterinary Products LTD /Mo/)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral Collateral, other than sales of Inventory in the ordinary course of business; (ii) license any of the Collateral, other than licenses or sublicenses in the ordinary course of business; or (iii) grant any other security interest in any of the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Hemcure Inc), Security Agreement (Hemcure Inc), Security Agreement (Voyant International CORP)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than in the ordinary course of businessCollateral; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Villageedocs Inc), Security Agreement (Villageedocs Inc)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than Collateral, except for such inventory that the Debtor sells in the ordinary course of business, in which case the Secured Party retains its security interest in any and all proceeds and after acquired collateral as though it were original collateral; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Servicing Agreement (CHS Inc)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (ia) make any sales or leases of any of the Collateral other than sales of Inventory other than in the ordinary course of business;; or (iib) license any of the Collateral; or (iii) grant any Collateral other security interest than in any the ordinary course of the Collateralbusiness.

Appears in 1 contract

Samples: Security Agreement (Paneltech International Holdings, Inc.)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than in the ordinary course of business; (ii) license any of the Collateral; or (iiiii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Hallwood Group Inc)

No Disposition of Collateral. Each Secured Party does not authorize, and Debtor agrees not to: (ia) make any sales or leases of any of the Collateral other than the sale of Inventory or other Collateral in the ordinary normal course of Debtor's business; (iib) license any of the Collateral, except that Debtor may grant licenses in its Intellectual Property in the ordinary course of its business; or (iiic) grant any other security interest in any of the Collateral, except for Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Neoprobe Corp)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees Debtors agree not to, except as permitted by the Loan Agreement or other Loan Documents: (i) make any sales or leases of any of the Collateral other than in the ordinary course of business; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Hallwood Group Inc)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than Collateral, except the sale of Debtor’s inventory in the ordinary Debtor’s normal course of businessbusiness and dispositions of Equipment if replaced with other Equipment of equal or greater value; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (One Stop Systems, Inc.)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any transfers, dispositions, sales or leases of any of the Collateral other than in the ordinary course of business; (ii) license any of the Collateral; or (iii) encumber or permit any kind of encumbrance, or to pledge or grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Applied Optoelectronics, Inc.)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than except with respect to inventory in the ordinary course of business; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Op Tech Environmental Services Inc)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than except in the ordinary course of business; (ii) license any of the CollateralCollateral except in the ordinary course of business; or (iii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Monarch America, Inc.)

AutoNDA by SimpleDocs

No Disposition of Collateral. Secured Party does not authorize, authorize and Debtor agrees not to: shall not: (ia) make any sales sell or leases of lease any of the Collateral Collateral, other than in the ordinary normal course of business; ; (iib) license any of the Collateral; or or (iiic) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Park City Group Inc)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to:; (i) make any sales or leases of any of the Collateral other than in the ordinary course of business; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Targacept Inc)

No Disposition of Collateral. Secured Party does not authorize, authorize and Debtor agrees not to: (i) a. make any sales or leases of any of the Collateral other than in the ordinary course of businessCollateral; (ii) b. license any of the Collateral; or (iii) grant c. xxxxx any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Professional Veterinary Products LTD /Ne/)

No Disposition of Collateral. Each Secured Party Parties does not authorize, and Debtor agrees not to: (ia) make any sales or leases of any of the Collateral other than the sale of Inventory or other Collateral in the ordinary normal course of Debtor’s business; (iib) license any of the Collateral, except that Debtor may grant licenses in its Intellectual Property in the ordinary course of its business; or (iiic) grant any other security interest in any of the Collateral, except for Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Neoprobe Corp)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than in the ordinary course of business; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral.. 1476 FL (0810) Page 2 of 7

Appears in 1 contract

Samples: Security Agreement (Goldfield Corp)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than in the ordinary course of business; (ii) license any of the Collateral; or or 1476 FL (0810) Page 2 of 7 (iii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Goldfield Corp)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) make any sales or leases of any of the Collateral other than Collateral, except for sales of inventory in the ordinary course of business; (ii) license any of the Collateral; or (iii) grant any other security interest in any of the Collateral, except for purchase money security interests permitted by the Reimbursement Agreement.

Appears in 1 contract

Samples: Security Agreement (International Absorbents Inc)

No Disposition of Collateral. Secured Party does not authorize, and Debtor agrees not to: (i) 18.3.1 make any sales or leases of any of the Collateral other than Collateral, except in the ordinary course of businessbusiness or as otherwise permitted pursuant to the Technology Agreement; (ii) 18.3.2 license any of the CollateralCollateral except in the ordinary course of business or as otherwise permitted under the Technology Agreement; or (iii) grant any other security interest in any of the Collateral.

Appears in 1 contract

Samples: Technology Purchase and Royalty Agreement (Hythiam Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!