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

No Sales, Liens, Etc. Except as otherwise provided herein and in the other Transaction Documents, the Depositor shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) (or the filing of any financing statement) upon or with respect to (i) any of the Sold Assets, or (ii) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Pool Receivable, or assign any right to receive income in respect thereof or (iii) any account which concentrates in a Lock-Box Account to which any Collections of any Pool Receivable are sent (except for any right of a Lock-Box Bank with respect to a Lock-Box Account as permitted under the Transaction Documents).

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Commercial Credit, Inc.), Sale and Servicing Agreement (Commercial Credit, Inc.), Sale and Servicing Agreement (Commercial Credit, Inc.)

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No Sales, Liens, Etc. Except as otherwise provided herein and in the other Transaction Documents, the Depositor Originator shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) (or the filing of any financing statement) upon or with respect to (i) any of the Sold Assets, or (ii) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Pool Receivable, or assign any right to receive income in respect thereof or (iii) any account which concentrates in a Lock-Box Account to which any Collections of any Pool Receivable are sent (except for any right of a Lock-Box Bank with respect to a Lock-Box Account as permitted under the Transaction Documents).

Appears in 3 contracts

Samples: Security Agreement (Commercial Credit, Inc.), Purchase Agreement (Commercial Credit, Inc.), Purchase Agreement (Commercial Credit, Inc.)

No Sales, Liens, Etc. Except as otherwise provided herein and in the other Transaction Documents, the Depositor Originator shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien Adverse Claim (other than Permitted LiensAdverse Claims) (or the filing of any financing statement) upon or with respect to (ix) any of the Sold Assets, or (iiy) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Pool Receivable, or assign any right to receive income in respect thereof or (iiiz) any account which concentrates in a Lock-Box Account to which any Collections of any Pool Receivable are sent (except for any right of a Lock-Box Bank with respect to a Lock-Box Account as permitted under the Transaction Documents).

Appears in 3 contracts

Samples: Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.)

No Sales, Liens, Etc. Except as otherwise provided herein and in the other Transaction Documents, the Depositor U.S. Originator shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien Adverse Claim (other than Permitted LiensAdverse Claims) (or the filing of any financing statement) upon or with respect to (ix) any of the Sold Assets, or (iiy) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Pool Receivable, or assign any right to receive income in respect thereof or (iiiz) any account which concentrates in a Lock-Box Account to which any Collections of any Pool Receivable are sent (except for any right of a Lock-Box Bank with respect to a Lock-Box Account as permitted under the Transaction Documents).

Appears in 1 contract

Samples: Sale Agreement (Commercial Credit, Inc.)

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No Sales, Liens, Etc. Except as otherwise provided herein and in the other Transaction DocumentsReceivables Purchase Agreement, the Depositor shall Transferor will not, and will not permit any Designated Seller to, sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) Adverse Claim upon (or the filing of any financing statement) upon or with respect to (ix) any of the Sold Affected Assets, or (iiy) any inventory or goods (including the Equipmentother than inventory), the sale or lease of which gave may give rise to a Pool ReceivableReceivable or any Receivable or related Account, 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 or (iii) any account which concentrates in a Lock-Box Account to which any Collections of any Pool Receivable are sent (except for any right of a Lock-Box Bank with respect to a Lock-Box Account as permitted under the Transaction Documents)thereof.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Proffitts Inc)

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