Common use of Sales and Further Encumbrances Clause in Contracts

Sales and Further Encumbrances. No Obligor will sell, grant, assign or transfer any interest in, or permit to exist any Encumbrance on, any of the Collateral of such Obligor, except the Security Interests, Permitted Encumbrances and as permitted by the Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (Microfinancial Inc), Security Agreement (Microfinancial Inc)

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Sales and Further Encumbrances. No Obligor will sell, grant, assign or transfer any interest in, or permit to exist any Encumbrance on, any of the Collateral of such Obligor, except the Security Interests, Permitted Encumbrances Interests and as permitted by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Andover Medical, Inc.)

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Sales and Further Encumbrances. No The Obligor will not sell, grant, assign or transfer any interest in, or permit to exist any Encumbrance on, any of the Collateral of such the Obligor, except the Security Interests, Permitted Encumbrances and as permitted by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Microfinancial Inc)

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