Common use of Sale, Disposition or Encumbrance of Collateral Clause in Contracts

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured Party.

Appears in 7 contracts

Samples: Pledge and Security Agreement (Williams Randa Duncan), Pledge and Security Agreement (Williams Randa Duncan), Pledge and Security Agreement (Williams Randa Duncan)

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Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured Party.

Appears in 5 contracts

Samples: Security Agreement (Corrida Resources Inc), Security Agreement (Queen Sand Resources Inc), Pledge and Security Agreement (Corrida Resources Inc)

Sale, Disposition or Encumbrance of Collateral. Except as -------------------------------------------------- otherwise permitted not prohibited by the Credit Agreement or this Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured Party.

Appears in 3 contracts

Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co), Guaranty Agreement (St Mary Land & Exploration Co)

Sale, Disposition or Encumbrance of Collateral. Except as ---------------------------------------------- otherwise permitted not prohibited by the Credit Agreement or this Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured Party.

Appears in 2 contracts

Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by provided in the Credit Intercreditor Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person person or entity other than Secured Party.

Appears in 1 contract

Samples: Borrower Pledge Agreement (Intelect Communications Inc)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by pursuant to a sale of assets in accordance with Section 9.11 of the Credit Agreement, the Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the such Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person person other than the Collateral Agent, for the ratable benefit of the Secured PartyParties, or the Second Lien Creditor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Black Elk Energy Finance Corp.)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit Agreement, Pledgor will not in any way encumber any of the Collateral theCollateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than the Collateral Agent for the benefit of the Secured PartyParties.

Appears in 1 contract

Samples: Stock Pledge Agreement (Panda Interfunding Corp)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured Party. The Pledgor is not and will not become a party to or otherwise be bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Securities with respect thereto.

Appears in 1 contract

Samples: Security Agreement (Dailey Petroleum Services Corp)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit AgreementIndenture, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured PartyParty or to the Senior Loan Agent pursuant to the Senior Security Agreement and in accordance with the terms of the Subordination Agreement.

Appears in 1 contract

Samples: Security Agreement (Brigham Holdings Ii LLC)

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Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person person or entity other than Secured Party.

Appears in 1 contract

Samples: Borrower Pledge Agreement (Intelect Communications Systems LTD)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise expressly permitted by the Credit Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured Party.

Appears in 1 contract

Samples: Security Agreement (Purina Mills Inc)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit Indenture or by this Agreement, Pledgor will not in any way (a) encumber any of the Collateral Collateral, or (or permit or suffer any of the Collateral to be encumberedb) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person (other than Collateral Trustee, for the benefit of the Parity Lien Secured PartyParties).

Appears in 1 contract

Samples: Pledge and Security Agreement (SM Energy Co)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumberedencumbered other than Permitted Encumbrances) (other than pursuant to this Agreement, the Credit Agreement, and the Charter Documents) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral (other than as permitted under the Credit Agreement) to or in favor of any Person person or entity other than Secured Party.

Appears in 1 contract

Samples: Pledge Agreement (American Standard Energy Corp.)

Sale, Disposition or Encumbrance of Collateral. Except as otherwise permitted by the Credit Agreement, Pledgor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, pledge, assign, lend or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured Party. For avoidance of doubt, transfer restrictions that do not prevent the valid creation of security interests in the Collateral and do not prevent foreclosure on such security interests shall not constitute encumbrances.

Appears in 1 contract

Samples: Pledge and Security Agreement (Duncan Dan L)

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