Common use of Sale, Assignment or Impairment of Collateral Clause in Contracts

Sale, Assignment or Impairment of Collateral. Except for Permitted Encumbrances and otherwise as permitted under the Loan Documents, no Debtor will sell, assign or offer to sell or otherwise transfer, dispose of or encumber the Collateral, or any interest therein outside the ordinary course of business.

Appears in 3 contracts

Samples: Security Agreement (Malibu Boats, Inc.), Security Agreement (Malibu Boats, Inc.), Security Agreement (Malibu Boats, Inc.)

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Sale, Assignment or Impairment of Collateral. Except for Permitted Encumbrances and otherwise as permitted under the Loan Documents, no Debtor will sell, assign or offer to sell or otherwise transfer, dispose of or encumber the Collateral, or any interest therein outside the ordinary course of business.

Appears in 2 contracts

Samples: Security Agreement (Malibu Boats, Inc.), Security Agreement (Malibu Boats, Inc.)

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