Common use of Possession and Transfer of Collateral Clause in Contracts

Possession and Transfer of Collateral. Until an Event of Default has occurred hereunder, each Borrower shall be entitled to possession or use of its portion of the Collateral except for the Securities that have been pledged to Lenders. No Borrower shall sell, assign (by operation of law or otherwise), license, lease or otherwise dispose of, or grant any option with respect to any of the Collateral, other than (a) sales of inventory in the ordinary and regular course of such Borrower’s business, and (b) in a transaction contemplated by Section 6.2(A) hereof.

Possession and Transfer of Collateral. Until Unless an Event of Default has occurred exists hereunder, each the Borrower shall be entitled to possession or use of its portion of the Collateral except for the Securities that have been pledged to LendersCollateral. No The Borrower shall not sell, assign (by operation of law or otherwise), license, lease or otherwise dispose of, or grant any option with respect to any of the Collateral, other than (a) sales of except that the Borrower may sell inventory and worn, damaged, or obsolete equipment in the ordinary and regular course of such Borrower’s business, and (b) in a transaction contemplated by Section 6.2(A) hereof.

Possession and Transfer of Collateral. Until Unless an Event of Default has occurred and is continuing hereunder, each the Borrower shall be entitled to possession or use of its portion of the Collateral except for Collateral. Except as otherwise expressly permitted hereunder, the Securities that have been pledged to Lenders. No Borrower shall not sell, assign (by operation of law or otherwise), license, lease or otherwise dispose of, or grant any option with respect to any of the Collateral, other than (a) sales of inventory except that the Borrower may sell Inventory in the ordinary and regular course of such Borrower’s business, and (b) in a transaction contemplated by Section 6.2(A) hereof.

Possession and Transfer of Collateral. Until Unless an Event of Default has occurred exists hereunder, each Borrower the Borrowers shall be entitled to possession or use of its portion the Collateral. The cancellation or surrender of any Note, upon payment or otherwise, shall not affect the right of the Bank to retain the Collateral except for any other of the Securities that have been pledged to LendersObligations. No Borrower The Borrowers shall not sell, assign (by operation of law or otherwise), license, lease or otherwise dispose of, or grant any option with respect to any of the Collateral, other than (a) sales of inventory except that the Borrowers may sell Inventory in the ordinary and regular course of such Borrower’s business, and (b) in a transaction contemplated by Section 6.2(A) hereof.

Possession and Transfer of Collateral. Until Unless an Event of Default has occurred occurs and is continuing hereunder, each Borrower shall be entitled to possession or and use of its portion of the Collateral except for the Securities that have been pledged Collateral. Except to Lenders. No an Affiliate, Borrower shall not sell, assign (by operation of law or otherwise), license, lease lease, or otherwise dispose of, or grant any option with respect to of any of the CollateralCollateral without the prior written consent of Lender, other than (a) sales of inventory in the ordinary and regular course of such Borrower’s businesswhich consent shall not be unreasonably withheld, and (b) in a transaction contemplated by Section 6.2(A) hereofconditioned, or delayed.