Common use of Transfer of Certain Collateral; Release of Certain Security Interest Clause in Contracts

Transfer of Certain Collateral; Release of Certain Security Interest. Each Grantor agrees that it shall not sell, assign, or otherwise dispose of any Collateral other than Revenue Equipment sold in the ordinary course of such Grantor's business and in accordance with the terms of the Credit Agreement without the prior written consent of the Agent and the Majority Banks. The Agent shall promptly, at a Grantor's expense, execute and deliver all further instruments and documents, and take all further action that such Grantor may reasonably request in order to release its security interest in any Collateral which is disposed of in accordance with the terms of this Security Agreement.

Transfer of Certain Collateral; Release of Certain Security Interest. Each The Grantor agrees that it shall not sell, assign, or otherwise dispose of any Collateral other than Revenue Equipment sold in the ordinary course of such the Grantor's business and in accordance with the terms of the Credit Agreement without the prior written consent of the Agent and the Majority Banks. The Agent shall promptly, at a Grantor's expense, execute and deliver all further instruments and documents, and take all further action that such the Grantor may reasonably request in order to release its security interest in any Collateral which is disposed of in accordance with the terms of this Security Agreement.