Common use of Transactions Involving Collateral Clause in Contracts

Transactions Involving Collateral. Except for Inventory sold or accounts collected in the ordinary course of Grantor's business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor's business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. 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. Unless waived by Lender, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sole or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

Transactions Involving Collateral. Except for Inventory inventory sold or accounts collected in the ordinary course of Grantor's Grantor`s business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor's Grantor`s business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. 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 interests even if it junior in right to the security interests granted under this Agreement. Unless waived by Lender, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for fur Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sole sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

Transactions Involving Collateral. Except for Inventory inventory sold or accounts collected in the ordinary course of Grantor's business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of o the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor's business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. 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 interests even if junior in right to the security interests granted under this Agreement. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by Lender, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sole sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

Transactions Involving Collateral. Except for Inventory inventory sold or accounts collected in the ordinary course of Grantor's ’s business, or as otherwise provided for in this Agreement or in Section 5.2(a) of the Note Purchase Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor's ’s business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. 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 as provided for in this Agreement, without the prior written consent of Lenderthe Collateral Agent. This includes security Interests interests even if junior in right to the security interests granted under this Agreement. Unless waived by Lenderthe Collateral Agent, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Lender the Collateral Agent and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender the Collateral Agent to any sole sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lenderthe Collateral Agent.

Transactions Involving Collateral. Except for Inventory inventory sold or accounts collected in the ordinary course of Grantor's businessGrantors’ respective businesses, or as otherwise provided for in this Agreement, Grantor Grantors shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is an Event of Default has not in default occurred under this Agreement, Grantor Grantors may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor's business Grantors’ respective businesses does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor Grantors 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 interests even if junior in right to the security interests granted under this Agreement. Unless waived by Lender, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sole sale or other disposition. Upon receipt, Grantor Grantors shall immediately deliver any such proceeds to Lender.