Common use of No Restriction on Payments to Agent Clause in Contracts

No Restriction on Payments to Agent. Enter into any Contract that restricts or prohibits the grant of a security interest in Accounts, Chattel Paper, Instruments, payment intangibles or other Collateral or the proceeds of any of the foregoing to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)

AutoNDA by SimpleDocs

No Restriction on Payments to Agent. Enter No Obligor shall enter into any Contract that restricts or prohibits the grant to Agent of a security interest in Accounts, Chattel Paper, Instruments, payment intangibles Instruments or other Collateral Payment Intangibles or the proceeds of any of the foregoing to Agentforegoing.

Appears in 1 contract

Samples: Security Agreement (Applica Inc)

AutoNDA by SimpleDocs

No Restriction on Payments to Agent. Enter into any Contract that restricts or prohibits the grant of a security interest in Inventory, Accounts, Chattel Paper, Instruments, payment intangibles or any of the other Collateral or the proceeds of any of the foregoing to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Loehmanns Holdings Inc)

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