No Disposition of Collateral. Debtor shall not sell, transfer or otherwise dispose of any of the Collateral or any interest therein that is material to Debtor's business, or grant any license thereunder, except in the ordinary course of business and except to the extent the same is obsolete or no longer useful to Debtor's business.
Appears in 2 contracts
Samples: Intellectual Property Security Agreement (Xircom Inc), Intellectual Property Security Agreement (Xircom Inc)
No Disposition of Collateral. Except for its inventory, which the Debtor may sell, lease, or otherwise transfer in the ordinary course of the Debtor's business, the Debtor shall not sell, transfer transfer, lease, license, or otherwise dispose of any of the Collateral or any interest therein that is material to Debtor's business, or grant any license thereunder, except in the ordinary course of business and except to the extent the same is obsolete or no longer useful to Debtor's businessCollateral.
Appears in 2 contracts
Samples: Security Agreement (Cyber Defense Systems Inc), Security Agreement (Cyber Defense Systems Inc)
