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)
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
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)
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