Common use of No Sales, Liens, Etc Clause in Contracts

No Sales, Liens, Etc. Except as otherwise provided herein, the Transferor will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (or the filing of any financing statement) or with respect to (x) any of the Affected Assets, (y) any inventory or goods, the sale of which may give rise to a Receivable or any Receivable or related Contract, or (z) any account which concentrates in a Lock-Box Bank to which any Collections of any Receivable are sent, or assign any right to receive income in respect thereof.

Appears in 2 contracts

Samples: Transfer and Administration Agreement (Tech Data Corp), Transfer and Administration Agreement (Tech Data Corp)

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No Sales, Liens, Etc. Except as otherwise provided herein, the Transferor will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (or the filing of any financing statement) or with respect to (x) any of the Affected Assetsto, (y) any inventory or goods, the sale of which may will give rise to a Receivable Receivable, or any Receivable or related Contract, or (z) upon or with respect to any account which concentrates in a Lock-Box Bank to which any Collections of any Receivable are sent, or assign any right to receive income in respect thereof.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Imc Global Inc)

No Sales, Liens, Etc. Except as otherwise provided herein, the Transferor will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (or the filing of any financing statement) or with respect to (x) any of the Affected Assetsto, (y) any inventory or goods, the sale of which may give rise to a Receivable or any Receivable or related Contract, or (z) upon or with respect to any account which concentrates in a Lock-Box an Account Bank to which any Collections of any Receivable are sent, or assign any right to receive income in respect thereof.

Appears in 1 contract

Samples: Transfer and Administration Agreement (K2 Inc)

No Sales, Liens, Etc. Except as otherwise provided hereinherein and in the Receivables Purchase Agreement, the Transferor will not, and will not permit any Seller to, sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (or the filing of any financing statement) or with respect to (x) any of the Affected AssetsReceivables, Related Security, Collections or Proceeds with respect thereto, (y) any inventory or goods, the sale of which may give rise to a Receivable or any Receivable or related ContractCollection, or (z) any account which concentrates in a Lock-Box Bank Account (or the Collection Account) to which any Collections of any Receivable are sent, or assign any right to receive income in respect thereof.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Idine Rewards Network Inc)

No Sales, Liens, Etc. Except as otherwise provided herein, the Transferor will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (or the filing of any financing statement) or with respect to (x) any of the Affected Assets, (y) any inventory or goods, the sale of which may give rise to a Receivable or any Receivable or related Contract, or (z) any account which concentrates in a Lock-Box Bank to which any Collections of any Receivable are sent, or assign any right to receive income in respect thereof. Notwithstanding the foregoing, the Transferor may sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist an Adverse Claim on any goods or inventory held on consignment solely with respect to the consignor’s interest.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Tech Data Corp)

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No Sales, Liens, Etc. Except as otherwise provided hereinherein and in the Receivables Purchase Agreement, the Transferor will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (or the filing of any financing statement) or with respect to (x) any of the Affected Assets, (y) any inventory or goods, the sale of which may give rise to a Receivable or any Receivable or related Contract, or (z) any account which concentrates in a Lock-Box Bank to which any Collections of any Receivable are sent, or assign any right to receive income in respect thereof.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Shaw Industries Inc)

No Sales, Liens, Etc. Except as otherwise provided herein, the Transferor will not and will not permit the Seller to sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (or the filing of any financing statement) or with respect to (x) any of the Affected Assetsto, (y) any inventory or goods, the sale of which may will give rise to a Receivable Receivable, or any Receivable or related Contract, or (z) upon or with respect to any account which concentrates in a Lock-Box Bank to which any Collections of any Receivable are sent, or assign any right to receive income in respect thereof.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Imc Global Inc)

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