Restrictions on Liens and Dispositions. The Obligor shall not create, assume, incur or permit the existence of any Lien on the Collateral except Liens permitted by Section 7.01 of the Credit Agreement, nor shall the Obligor sell, lease or otherwise dispose of the Collateral, or permit such a disposition to occur, in each case except as expressly permitted in the Credit Agreement.
Appears in 1 contract
Samples: General Security Agreement (Schnitzer Steel Industries Inc)
Restrictions on Liens and Dispositions. The Obligor shall not create, assume, incur or permit the existence of any Lien lien on the Collateral except Liens permitted as approved by Section 7.01 of the Credit AgreementLender, nor shall the Obligor sell, lease or otherwise dispose of the Collateral, or permit such a disposition to occur, in each case except with consent of the Lender, not to be unreasonably withheld, or as expressly permitted in the Credit Agreement.
Appears in 1 contract
Restrictions on Liens and Dispositions. The Obligor shall not create, assume, incur or permit the existence of any Lien lien on the Collateral except Liens as permitted by Section 7.01 of in the Credit Loan Agreement, nor shall the Obligor sell, lease lend or otherwise dispose of the Collateral, or permit such a disposition to occur, in each case except as expressly permitted in the Credit Loan Agreement.
Appears in 1 contract
Restrictions on Liens and Dispositions. The Obligor shall not create, assume, incur or permit the existence of any Lien lien on the Collateral except Liens permitted as approved by Section 7.01 of the Credit AgreementLender, nor shall the Obligor sell, lease or otherwise dispose of the Collateral, or permit such a disposition to occur, in each case except as expressly permitted in the Credit Agreement.
Appears in 1 contract