Common use of Sale or Encumbrance of Accounts Clause in Contracts

Sale or Encumbrance of Accounts. No Borrower shall, without the prior written consent of Agent, sell, transfer, grant a security interest in or otherwise dispose of or encumber any of its Accounts to any Person other than Agent, except for the Permitted Liens.

Appears in 4 contracts

Samples: Loan and Security Agreement (Cmgi Inc), Loan and Security Agreement (Cmgi Inc), Loan and Security Agreement (ModusLink Global Solutions Inc)

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Sale or Encumbrance of Accounts. No Each Borrower shallshall not, without the prior written consent of Agent, sell, transfer, grant a security interest in or otherwise dispose of or encumber any of its Accounts to any Person other than Agent, except for the Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Cmgi Inc)

Sale or Encumbrance of Accounts. No The Borrower shallshall not, without the prior written consent of Agentthe Bank, sell, transfer, grant a security interest in or otherwise dispose of or encumber any of its Accounts to any Person other than Agent, except for the Permitted LiensBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Aasche Transportation Services Inc)

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Sale or Encumbrance of Accounts. No Each Borrower shallshall not, without the prior written consent of the Agent, sell, transfer, grant a security interest in or otherwise dispose of or encumber any of its Accounts to any Person other than Agent, except for the Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Cmgi Inc)

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