No Sale of Collateral. Except as permitted by the terms of the Credit Agreement, the Pledgor shall not cause, suffer or permit the sale, assignment, conveyance, pledge or other transfer of all or any portion of the Pledgor’s Equity Interest in the Company or any other portion of the Collateral.
No Sale of Collateral. For so long as Party B is required to provide Big Brown Collateral hereunder, Party B shall not, and shall not permit Big Brown Company to sell, lease, transfer or otherwise dispose of any material portion of the Big Brown Collateral; provided that Party B and Big Brown Company shall be permitted to (i) sell or otherwise dispose of power, capacity, ancillary services, coal, natural gas, fuel or inventory, (ii) sell, lease, transfer or otherwise dispose of assets that are obsolete, damaged or not used or useful in its business, (iii) sell, lease, transfer or otherwise dispose of assets to an Affiliate as contemplated by Section 6(d) of the Big Brown Intercreditor Agreement and (iv) sell, lease, transfer or otherwise dispose of assets for cash consideration in an aggregate amount not to exceed $25,000,000 in any calendar year.
No Sale of Collateral. Except as expressly permitted by this Agreement or the other Credit Documents, Grantor shall not cause or expressly authorize the sale, assignment, conveyance, pledge or other transfer of all or any portion of the Collateral pledged by it.
No Sale of Collateral. Except as expressly permitted by this Agreement or the other Credit Documents, Pledgor shall not cause, suffer or permit the sale, assignment, conveyance, pledge or other transfer of all or any portion of Pledgor's ownership or interest or any portion of the Collateral. As used herein, the transfer of an ownership interest in the Collateral includes the sale, assignment, pledge, hypothecation, transfer or other disposition (voluntarily or involuntarily, by gift or otherwise, and whether as security or otherwise) of an equity interest in any Person substantially all of the assets of which consist directly or indirectly of an interest in any Borrower.
No Sale of Collateral. Excluding (i) sales of inventory in the ordinary course of business, (ii) dispositions of obsolete assets, and (iii) the disposition of ineligible accounts receivable without recourse in connection with the compromise of collection thereof, Borrower, during the tenure of this Agreement will not sell, assign, or dispose of any Collateral to any other party. Borrower, during the tenure of this Agreement, will not create or permit to be created any lien, encumbrance or security interest of any kind on any Collateral other than Permitted Liens (as defined in Section 13.32), and if any such lien or encumbrance is created or permitted, Borrower will effect a discharge of same within ten (10) days thereafter.
No Sale of Collateral. Except as permitted by this Agreement or the other Secured Obligation Documents, the Pledgor shall not cause, suffer or permit the sale, assignment, conveyance, pledge or other transfer of all or any portion of the Pledgor’s ownership or interest in the MLP Entity or any other portion of the Collateral. As used herein, the transfer of an ownership interest in the MLP Entity includes (a) the sale, assignment, pledge, hypothecation, transfer or other disposition (voluntarily or involuntarily, by gift or otherwise, and whether as security or otherwise) of an Equity Interest in any Person substantially all of the assets of which consist directly or indirectly of an interest in the MLP Entity, or (b) the merger or consolidation of a Person referred to in clause (a) with another Person.
No Sale of Collateral. No Collateral shall be sold otherwise transferred without the prior written consent of Bank, other than as expressly permitted in the Security Agreement.
No Sale of Collateral. Without prior written consent of Lender, which will not be unreasonably withheld, Borrower, during the tenure of this Agreement, will not sell, assign, or dispose of any Collateral, nor create or permit to be created, any lien, encumbrance or security interest of any kind on any Collateral other than for the benefit of Lender, and if such lien or encumbrance is created or permitted, Borrower will effect a discharge of the same within ten (10) days following written notice from Lender. Notwithstanding the foregoing, the Borrower may dispose of Investment Collateral in accordance with the terms of the Control Agreement."
14. That Section 6.04 of the Loan Agreement is deleted in its entirety and replaced with the following:
No Sale of Collateral. Subject to the following sentence, Borrower will not sell, assign, lease, license, exchange, or otherwise dispose of its right, title or interest in any of the Collateral, without in each case first obtaining the prior written consent of Lender thereto, which shall not be unreasonably withheld or delayed. Borrower will be permitted to substitute for the existing Equipment Collateral, equipment of equal or greater value (determined as of the time of substitution) without the prior written consent of Lender, provided Lender maintains or is granted a first priority perfected security interest in the substituted Collateral. Notwithstanding the foregoing, Borrower may convert its existing leasehold interest in any Financed Convenience Store Location to ownership in fee simple by Borrower provided Borrower shall have first caused to be delivered to Lender (i) a deed of trust or mortgage deed to secure debt or other similar instrument pursuant to which Borrower shall convey to Lender or to a trustee for the benefit of Lender the entirety of Borrower's right, title and interest in and to such Financed Convenience Store Location, and (ii) an ALTA mortgagee's title insurance policy, issued at Borrower's expense, by a title insurer selected by Borrower, but reasonably acceptable to Lender insuring Lender's security interest in such
No Sale of Collateral. The Borrower shall not, directly or indirectly, sell, lease, assign, transfer or otherwise dispose of the Collateral or any interest therein.
