Common use of Transactions Involving Collateral Clause in Contracts

Transactions Involving Collateral. Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement, without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement.

Appears in 3 contracts

Samples: Deposit Account Pledge Agreement (Solar Power, Inc.), Security Agreement (Espre Solutions Inc), Security Agreement (Espre Solutions Inc)

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Transactions Involving Collateral. Except as otherwise permitted or provided for under the Loan Agreement or this Agreement, Grantor shall not sell, offer to sell, sell or otherwise transfer or dispose of the Collateral. Except as otherwise permitted or provided for under the Loan Agreement or this Agreement, Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement, without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement.

Appears in 1 contract

Samples: Commercial Security Agreement (Hancock Park Corporate Income, Inc.)

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