Sale or Encumbrance of Accounts. Borrower shall not, without the prior written consent of Lender, sell, transfer, grant a security interest in or otherwise dispose of or encumber any of its Accounts to any Person other than Lender.
Appears in 3 contracts
Sources: Loan and Security Agreement (Diana Corp), Revolving Loan and Security Agreement (Tro Learning Inc), Loan and Security Agreement (3-D Geophysical Inc)
Sale or Encumbrance of Accounts. Borrower shall not, without the prior written consent of Lender, sell, transfer, grant a security interest in or otherwise dispose of or encumber any of its Accounts to any Person other than Lender, except for the Permitted Liens.
Appears in 2 contracts
Sources: Loan and Security Agreement (Diana Corp), Purchase of Accounts and Security Agreement (Bam Entertainment Inc)
Sale or Encumbrance of Accounts. Borrower shall not, without the prior written consent of Lender, sell, transfer, grant a security interest in or otherwise dispose of or encumber any of its Accounts to any Person other than CIT and Lender.
Appears in 1 contract
Sources: Loan and Security Agreement (Reuter Manufacturing Inc)