No Transfer of Collateral. Except as permitted by the Loan Agreement, each Debtor shall not sell, offer to sell, dispose of, convey, assign or otherwise transfer, or grant any option with respect to, restrict, or grant, create, permit or suffer to exist any Lien on, any of the Collateral pledged by it hereunder or any interest therein except for the Permitted Liens.
No Transfer of Collateral. No Grantor shall sell, offer to sell, dispose of, convey, assign or otherwise transfer, or grant any option with respect to, restrict, or grant, create, permit or suffer to exist any Lien on, any of the Collateral pledged by it hereunder or any interest therein except as permitted by the Loan Agreement.
No Transfer of Collateral. Pledgor will not, without the prior written consent of Holder, sell, assign, transfer, mortgage, pledge or otherwise encumber any of its rights in or to the Collateral or any distributions or payments with respect thereto or xxxxx x xxxx on any thereof.
No Transfer of Collateral. The Borrowers shall not surrender or lose possession of, sell, lease, license, assign, rent or otherwise dispose of or transfer any of the Collateral or any right or interest therein, except in the ordinary course of business consistent with past practice or except as permitted by the Merger Agreement.
No Transfer of Collateral. Grantor shall not sell, transfer or assign (by operation of law or otherwise) any Collateral without the consent of the Trustee other than as permitted by the Indenture.
No Transfer of Collateral. Debtor represents and warrants to Lender that Debtor has not transferred, conveyed, assigned or otherwise disposed of any material portion of (or any of Debtor’s then existing right, title or interest in) the Collateral other than in the ordinary course of Debtor’s business.
No Transfer of Collateral. The Debtor will not sell or offer to sell or otherwise transfer all or any part of the Collateral (other than sales in the ordinary course of business) without the prior consent of the Secured Party.
No Transfer of Collateral. Parent shall not voluntarily, involuntarily, or by operation of law, sell, assign, transfer or otherwise dispose of the Collateral, or any interest therein, or permit any of the foregoing to occur, and shall not otherwise do or permit anything to be done or occur that may impair the Collateral as security hereunder, except that Parent may sell its inventory in the ordinary course of business, and, so long as Parent has not committed an Event of Default, (i) Parent may sell or otherwise dispose of the Collateral when obsolete, worn out, inadequate, unserviceable or unnecessary for use in the conduct of the business of Parent and (ii) Parent may grant non-exclusive licenses (and exclusive licenses within specified geographic regions) and other similar arrangements for the use of Parent's property for good faith business purposes.
No Transfer of Collateral. Borrower shall not voluntarily, involuntarily, or by operation of law, sell, assign, transfer or otherwise dispose of any right or interest of Borrower in or to the Collateral or permit any of the foregoing to occur, and shall not otherwise do or permit anything to be done or occur that may impair the Collateral as security for the Loan.
No Transfer of Collateral. Debtor shall not voluntarily, involuntarily, or by operation of law, sell, assign, transfer or otherwise dispose of the Collateral, or any interest therein, or permit any of the foregoing to occur, and shall not otherwise do or permit anything to be done or occur that may impair the Collateral as security hereunder, and, so long as Debtor has not committed an Event of Default, (i) Debtor may sell or otherwise dispose of the Collateral when obsolete, worn out, inadequate, unserviceable or unnecessary for use in the conduct of the business of Debtor, (ii) Debtor may grant non-exclusive licenses (and exclusive licenses within specified geographic regions) and other similar arrangements for the use of Debtor's property for good faith business purposes and (iii) Debtor may collect and use in the ordinary course of business all cash proceeds of any Collateral sold, free and clear of the security interest created hereby.
