Common use of Transfer of Collateral Clause in Contracts

Transfer of Collateral. Debtor shall not sell, assign, transfer, encumber or otherwise dispose of any of the Collateral or any interest therein without the prior written consent of Secured Party. If any such encumbrance is imposed, Debtor shall give Secured Party immediate written notice.

Transfer of Collateral. Debtor shall not sell, assign, transfer, encumber encumber, or otherwise dispose of any of the Collateral or any interest therein without the prior written consent of Secured Party. If any such encumbrance is imposedimposed on the Collateral by operation of law, Debtor shall give Secured Party immediate written noticenotice of this fact.

Transfer of Collateral. Debtor shall not sell, assign, transfer, encumber or otherwise dispose of any of the Collateral or any interest therein without the prior written consent of Secured Party. If any such encumbrance is imposed, Debtor shall give Secured Party immediate written noticenotice and take immediate action to discharge the same.

Transfer of Collateral. Other than the sale of inventory in the ordinary course of business, Debtor shall not sell, assign, transfer, encumber or otherwise dispose of any of the Collateral or any interest therein without the prior written consent of Secured Party. If any such encumbrance is imposedimposed under the Collateral by operation of law, Debtor shall give Secured Party immediate written noticenotice of this fact.

Transfer of Collateral. Debtor Parties shall not sell, assign, transfer, encumber assign (by operation or law or otherwise) or otherwise dispose of any of the Collateral or any interest therein without the prior written consent of Secured Party. If any such encumbrance is imposed, Debtor shall give Secured Party immediate written notice.