Common use of Transactions Involving Collateral Clause in Contracts

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Debtor’s business, Debtor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. Debtor 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 Secured Party. This includes security interests even if junior in right to the Security Interest granted under this Agreement. Unless waived by Secured Party, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Secured Party and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Secured Party to any sale or other disposition. Upon receipt, Xxxxxx shall immediately deliver any such proceeds to Secured Party.

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Debtor’s business, Debtor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. Debtor 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 Secured Party. This includes security interests even if junior in right to the Security Interest granted under this Agreement. Unless waived by Secured Party, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Secured Party and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Secured Party to any sale or other disposition. Upon receipt, Xxxxxx Debtor shall immediately deliver any such proceeds to Secured Party.

Transactions Involving Collateral. Except for inventory sold or accounts collected as otherwise provided in the ordinary course of Debtor’s businessLease as modified by the Short Term Lease, Debtor shall not sell, offer to sell, lease or offer to lease, or otherwise transfer or dispose of the Collateral. Debtor shall not pledge, mortgage, encumber encumber, or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, whether or not subordinate or junior to the lien evidenced by this Security Agreement, other than the Security Interest security interest provided for in this Agreement, without the prior written consent of Secured Party. This includes security interests even if junior in right to the Security Interest granted under this Agreement. Unless waived by Secured Party, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Secured Party Party, and shall not be commingled with any other funds; provided provided, however, that this requirement shall not constitute consent by Secured Party to any sale or other dispositiondisposition of any of the Collateral. Upon receipt, Xxxxxx Debtor shall immediately deliver any such proceeds to Secured Party.