Common use of Transfers and Other Liens; Additional Shares Clause in Contracts

Transfers and Other Liens; Additional Shares. (a) Each of the Grantors agrees that it shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral, except sales of Inventory in the ordinary course of business or sales or other dispositions of other assets permitted by the Credit Agreement, or (ii) create or suffer to exist any Lien upon or with respect to any of the Collateral except for (A) the pledge, assignment and security interest created by this Agreement and (B) any other Liens expressly permitted under Section 6.1 of the Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (Inphynet South Broward Inc), Security Agreement (Mediabay Inc)

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Transfers and Other Liens; Additional Shares. (a) Each of the Grantors Grantor agrees that it shall will not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral, except sales of Inventory in the ordinary course of business or sales or other than sales, assignments and other dispositions of other assets the Collateral, and options relating to the Collateral, permitted by under the terms of this Agreement or the Credit Agreement, or (ii) create or suffer to exist any Lien upon or with respect to any of the Collateral of such Grantor except for (A) the pledge, assignment and security interest created by under this Agreement and those Liens referred to in Section 6(c)(ii) and (Biii) any other Liens expressly permitted under Section 6.1 of the Credit Agreementhereof.

Appears in 1 contract

Samples: Security Agreement (Gap Inc)

Transfers and Other Liens; Additional Shares. (a) Each of the Grantors Grantor agrees that it shall not (i) to sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral, except sales of Inventory in the ordinary course of business or sales or other for dispositions of other property and assets permitted by under Section 5.02(d) of the Credit Agreement, or (ii) to create or suffer to exist any Lien upon or with respect to any of the Collateral Collateral, except for (A) the pledge, assignment and security interest created by this Agreement and (B) any other Liens expressly permitted under Section 6.1 5.02(a) of the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Fitness Holdings Inc)

Transfers and Other Liens; Additional Shares. (a) Each of the Grantors -------------------------------------------- Grantor agrees that it shall not (i) to sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral, except sales of Inventory in the ordinary course of business or and sales or other dispositions permitted pursuant to Section 5.02(e) of other assets permitted by the Credit Agreement, or (ii) to create or suffer to exist any Lien upon or with respect to any of the Collateral Collateral, except for (A) the pledge, assignment and security interest created by this Agreement Agreement, Permitted Liens, and (B) any other Liens expressly to the extent permitted under pursuant to Section 6.1 5.02(a) of the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Iron Age Corp)

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Transfers and Other Liens; Additional Shares. (a) Each of the Grantors -------------------------------------------- Grantor agrees that it shall not (i) to sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the CollateralCollateral of such Grantor, except sales sales, assignments and dispositions otherwise permitted under Section 5.02(e) of Inventory in the ordinary course of business or sales or other dispositions of other assets permitted by the Credit Agreement, or (ii) to create or suffer to exist any Lien upon or with respect to any of the Collateral Collateral, except for (A) the pledge, assignment and security interest created by under this Agreement and (B) any other the Liens expressly permitted under Section 6.1 5.02(a) of the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Commercial Aggregates Transportation & Sales LLC)

Transfers and Other Liens; Additional Shares. (a) Each of the Grantors Grantor agrees that it shall not (i) sell, assign (by operation of law or otherwise) ), lease or otherwise dispose of, or grant any option with respect to, any of the CollateralCollateral of such Grantor (other than sales, except sales of Inventory in the ordinary course of business or sales or assignments, options, leases and other dispositions permitted under the terms of other assets permitted by the Credit Agreement including, without limitation, Section 5.02(d) of the Credit Agreement, ) or (ii) create or suffer to exist any Lien upon or with respect to any of the Collateral of such Grantor, except for (A) the pledge, assignment and security interest Liens created by this Agreement and (B) any other Liens expressly under the Collateral Documents or permitted under Section 6.1 of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Mediq Inc)

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