Common use of Sell or Encumber Assets Clause in Contracts

Sell or Encumber Assets. Borrower, shall not assign, sell or transfer any of its Assets to any Person, other than in the ordinary course of business, nor permit, grant, or suffer a security interest, lien, claim or encumbrance upon any of its Assets, except the Permitted Liens.

Sell or Encumber Assets. Borrower, Borrower shall not grant a security interest in, assign, sell or transfer any of its Assets assets to any Person, other than in the ordinary course of business, Person nor permit, grant, or suffer a security interest, lien, claim or encumbrance upon any of its Assetsassets, except the Permitted Liens.

Sell or Encumber Assets. Neither Borrower, nor any Primary Obligor nor any Secondary Obligor shall not assign, sell or transfer any of its Assets to any Person, other than in the ordinary course of business, nor permit, grant, or suffer a security interest, lien, claim or encumbrance upon any of its Assets, except the Permitted Liens.Liens and ad valorem taxes of First X and First B.