Transfers and Other Liens; Additional Shares. (1) The Borrower shall not (a) sell, assign (by operation of law or otherwise), or otherwise dispose of, or grant any option with respect to, any of the Collateral, except Inventory in the ordinary course of business, or (b) create or permit to exist any Lien upon or with respect to any of the Collateral, except for the security interest under this Security Agreement.
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Samples: Security Agreement (Orange Productions Inc), Security Agreement (Surgical Safety Products Inc), Security Agreement (Cuidao Holding Corp)
Transfers and Other Liens; Additional Shares. (1a) The Borrower shall agrees that it will not (ai) sell, assign (by operation of law or otherwise), or otherwise dispose of, or grant any option with respect to, any of the Collateral, except Inventory in Collateral other than as permitted under the ordinary course terms of businessthe Credit Documents, or (bii) create or permit suffer to exist any Lien upon or with respect to any of the Collateral, Collateral of the Borrower except for the pledge, assignment and security interest created under this Security AgreementAgreement and Liens permitted under the Credit Documents.
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Samples: Collateral Agency Agreement (Puget Sound Energy Inc), Credit Agreement (Puget Energy Inc /Wa), Collateral Agency Agreement (Puget Energy Inc /Wa)
Transfers and Other Liens; Additional Shares. (1) The Borrower shall not (a) sell, assign Borrower agrees that it will not (by operation of law or otherwise), i) sell or otherwise dispose of, or grant any option with respect to, any of the Collateral, except Inventory in the ordinary course of business, or (bii) create or permit to exist any Lien lien, security interest, or other charge or encumbrance upon or with respect to any of the Collateral, except for the security interest under this Security AgreementAgreement and under the Asset Purchase Agreement of even date herewith between Borrower and Lender.
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