Sale or Other Disposition of Pledged Collateral Sample Clauses

Sale or Other Disposition of Pledged Collateral. The Pledgor will not assign (by operation of law or otherwise), sell, lease, transfer, pledge or grant a security interest in or otherwise dispose of or abandon any Pledged Collateral, and the inclusion of “proceeds” of the Pledged Collateral under the security interest granted herein shall not be deemed a consent by the Lender to any sale or other disposition of any Pledged Collateral except as expressly permitted herein.
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Sale or Other Disposition of Pledged Collateral. Except as otherwise permitted under Section 6(b), the Pledgor will not assign (by operation of law or otherwise), sell, lease, transfer, pledge or xxxxx x Xxxx on the Pledged Collateral in favor of any Person other than the Collateral Agent or otherwise dispose of or abandon, nor will it suffer or permit any of the same to occur with respect to, any Pledged Collateral, and the inclusion of “proceeds” of the Pledged Collateral under the security interest granted herein shall not be deemed a consent by the Collateral Agent or any other Secured Party to any sale or other disposition of any Pledged Collateral.
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Sale or Other Disposition of Pledged Collateral. The Company will not assign (by operation of law or otherwise), sell, lease, transfer, encumber, pledge or xxxxx x Xxxx on the Collateral in favor of any Person other than the Administrative Agent or otherwise dispose of or abandon, nor will it suffer or permit any of the same to occur with respect to, any Collateral, and the inclusion of “proceeds” of the Collateral under the security interest granted herein shall not be deemed a consent by the Administrative Agent or any other Secured Party to any sale or other disposition of any Collateral.
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Sale or Other Disposition of Pledged Collateral. Such Grantor shall not assign (by operation of law or otherwise), sell, mortgage, lease, transfer, pledge, hypothecate, or grant a security interest in or Lien upon, encumber or otherwise dispose of or abandon the Pledged Collateral; nor will such Grantor suffer or permit any of the same to occur with respect to any Pledged Collateral; and the inclusion of "proceeds" of the Pledged Collateral under the security interest granted herein shall not be deemed a consent by the Agent to any sale or other disposition of any Pledged Collateral except as expressly permitted herein or in the Loan Agreement.
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Sale or Other Disposition of Pledged Collateral. The Pledgor will not assign (by operation of law or otherwise), sell, lease, transfer, pledge or grant a security interest in or otherwise dispose of or abandon, nor will the Pledgor suffer or permit any of the same to occur with respect to, any Pledged Collateral, (each, a “Transfer”) and the inclusion of “proceeds” of the Pledged Collateral under the security interest granted herein shall not be deemed a consent by the Pledgee to any sale or other disposition of any Pledged Collateral provided, however, the Pledgor may Transfer any of its interests in the Pledged Collateral so long as Target Company or Pledgor shall, at their option, (i) add the proceeds of such Transfer to the Pledged Collateral or (ii) promptly pledge a first priority security interest in one or more Reserve Equity Interests that have an Aggregate Value equal to or greater than the value of such proceeds, provided, however, (x) no replacement collateral shall be required unless the Aggregate Value of the then-remaining Pledged Collateral decreases below an amount that is equal to three (3) times the Investment Amount and (y) any such Reserve Equity Interests used as replacement collateral shall be subject to the Pledgee’s prior approval (not to be unreasonably withheld or delayed).
Sample 1
Sale or Other Disposition of Pledged Collateral. Except as otherwise specifically permitted in Section 10.2 or 10.6 of the Credit Agreement, it will not assign (by operation of law or otherwise), sell, lease, transfer, pledge or grant a security interest in or otherwise dispose of or abandon, nor will it suffer or permit any of the same to occur with respect to, any Pledged Collateral, and the inclusion of "proceeds" of the Pledged Collateral under the security interest granted herein shall not be deemed a consent by the Agent or any Secured Party to any sale or other disposition of any Pledged Collateral except as expressly permitted herein.
Sample 1
Sale or Other Disposition of Pledged Collateral. Except as otherwise expressly permitted under Section 8 hereof, the Pledgor will not assign (by operation of law or otherwise), sell, lease, transfer, pledge or grant a security interest in or otherwise dispose of or abandon, nor will it suffer or permit any of the same to occur with respect to any Pledged Collateral (other than Permitted Liens described in clause (a), (d), (e), (f) or (g) of the definition of “Permitted Liens”). The inclusion of “proceeds” of the Pledged Collateral under the security interest granted herein shall not be deemed a consent by the Administrative Agent to any sale or other disposition of any Pledged Collateral.
Sample 1
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Related to Sale or Other Disposition of Pledged Collateral

  • Sale of Pledged Collateral Upon the occurrence of an Event of Default and during the continuation thereof, without limiting the generality of this Section and without notice, the Administrative Agent may, in its sole discretion, sell or otherwise dispose of or realize upon the Pledged Collateral, or any part thereof, in one or more parcels, at public or private sale, at any exchange or broker’s board or elsewhere, at such price or prices and on such other terms as the Administrative Agent may deem commercially reasonable, for cash, credit or for future delivery or otherwise in accordance with applicable law. To the extent permitted by law, any holder of the Secured Obligations may in such event bid for the purchase of such securities. Each Pledgor agrees that, to the extent notice of sale shall be required by law and has not been waived by such Pledgor, any requirement of reasonable notice shall be met if notice, specifying the place of any public sale or the time after which any private sale is to be made, is personally served on or mailed postage prepaid to such Pledgor in accordance with the notice provisions of Section 11.02 of the Credit Agreement at least ten (10) days before the time of such sale. The Administrative Agent shall not be obligated to make any sale of Pledged Collateral of such Pledgor regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.

  • Certain Sales of Pledged Collateral (a) Each Pledgor recognizes that, by reason of certain prohibitions contained in law, rules, regulations or orders of any Governmental Authority, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Pledged Collateral, to limit purchasers to those who meet the requirements of such Governmental Authority. Each Pledgor acknowledges that any such sales may be at prices and on terms less favorable to the Collateral Agent than those obtainable through a public sale without such restrictions, and, notwithstanding such circumstances, agrees that any such restricted sale shall be deemed to have been made in a commercially reasonable manner and that, except as may be required by applicable law, the Collateral Agent shall have no obligation to engage in public sales.

  • Retention of Pledged Collateral To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence of an Event of Default, the Administrative Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have accepted or retained any Pledged Collateral in satisfaction of any Secured Obligations for any reason.

  • Registration of Pledged Collateral Such Grantor will permit any registerable Pledged Collateral owned by it to be registered in the name of the Administrative Agent or its nominee at any time at the option of the Required Secured Parties.

  • Disposition of Pledged Interests by Agent None of the Pledged Interests existing as of the date of this Agreement are, and none of the Pledged Interests hereafter acquired on the date of acquisition thereof will be, registered or qualified under the various federal or state securities laws of the United States and disposition thereof after an Event of Default may be restricted to one or more private (instead of public) sales in view of the lack of such registration. Each Grantor understands that in connection with such disposition, Agent may approach only a restricted number of potential purchasers and further understands that a sale under such circumstances may yield a lower price for the Pledged Interests than if the Pledged Interests were registered and qualified pursuant to federal and state securities laws and sold on the open market. Each Grantor, therefore, agrees that: (a) if Agent shall, pursuant to the terms of this Agreement, sell or cause the Pledged Interests or any portion thereof to be sold at a private sale, Agent shall have the right to rely upon the advice and opinion of any nationally recognized brokerage or investment firm (but shall not be obligated to seek such advice and the failure to do so shall not be considered in determining the commercial reasonableness of such action) as to the best manner in which to offer the Pledged Interest or any portion thereof for sale and as to the best price reasonably obtainable at the private sale thereof; and (b) such reliance shall be conclusive evidence that Agent has handled the disposition in a commercially reasonable manner.

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.

  • Transfers of Pledged Collateral No Pledgor shall sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral pledged by it hereunder except as permitted by the Credit Agreement.

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Description of Pledged Collateral (a) The Pledged Collateral is described as follows and on any separate schedules at any time furnished by Pledgor to Secured Party (which schedules are hereby deemed part of this Agreement):

  • Notice of Disposition of Collateral Debtor hereby agrees that notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to Debtor, addressed as set forth in Article X, at least ten (10) days prior to (a) the date of any such public sale or (b) the time after which any such private sale or other disposition may be made.

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