Common use of Restrictions on Liens and Dispositions Clause in Contracts

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)

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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

Samples: General Security Agreement (Yappn Corp.)

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

Samples: Secured Promissory Note (Enerkem Inc.)

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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

Samples: General Security Agreement (Yappn Corp.)

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