Sale or Disposition of Collateral. Sell, discount or otherwise dispose of any of the property securing the Loan or any part thereof except in the ordinary course of business, or incur additional material borrowings or enter into material leases without the prior written consent of the Bank upon terms and conditions satisfactory to the Bank.
Appears in 6 contracts
Samples: Revolving Credit Loan and Security Agreement (Deer Valley Corp), Revolving Bridge Loan and Security Agreement (Deer Valley Corp), Revolving Bridge Loan and Security Agreement (Deer Valley Corp)
Sale or Disposition of Collateral. Sell, discount or otherwise dispose of any of the property Collateral securing the Loan or any part thereof except in the ordinary course of business, or incur additional material borrowings or enter into material leases without the prior written consent of the Bank upon terms and conditions reasonably satisfactory to the Bank.
Appears in 2 contracts
Samples: Credit Loan and Security Agreement, Loan and Security Agreement (Odyssey Marine Exploration Inc)
