Common use of Transfers and Other Liens Clause in Contracts

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business.

Appears in 13 contracts

Samples: Pledge and Security Agreement (Modtech Holdings Inc), Security Agreement (Global Employment Holdings, Inc.), Security Agreement (Universal Food & Beverage Compny)

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Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, business and (B) worn-out or obsolete assets not necessary to the business.

Appears in 12 contracts

Samples: Pledge and Security Agreement (Workhorse Group Inc.), Pledge and Security Agreement (Great Basin Scientific, Inc.), Securities Purchase Agreement (Great Basin Scientific, Inc.)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-worn out or obsolete assets assets, not necessary to the business.

Appears in 9 contracts

Samples: Security Agreement (Alpha Energy Inc), Security Agreement (Alpha Energy Inc), Security Agreement (China VoIP & Digital Telecom Inc.)

Transfers and Other Liens. (i) No Except as expressly permitted in Section 13(f) of the Notes, no Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-worn out or obsolete assets assets, not necessary to the business.

Appears in 4 contracts

Samples: Security and Pledge Agreement (Worlds Online Inc.), Security and Pledge Agreement (WPCS International Inc), Security Agreement Security Agreement (Socket Mobile, Inc.)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) wornnon-material worn out or obsolete assets assets, not necessary to the business.

Appears in 3 contracts

Samples: Canadian Security and Pledge Agreement (Digital Domain Media Group, Inc.), Intellectual Property Security Agreement (Digital Domain Media Group, Inc.), Intellectual Property Security Agreement (Digital Domain Media Group, Inc.)

Transfers and Other Liens. (i) No Each Grantor will not sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Delta Financial Corp), Pooling and Servicing Agreement (Delta Financial Corp), Pledge Agreement (Delta Financial Corp)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business, and (C) Accounts solely in accordance with the terms and conditions of the Factoring Agreement.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Vringo Inc), Agreement and Plan of Merger (Vringo Inc), Pledge and Security Agreement (SouthPeak Interactive CORP)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-worn out or obsolete assets assets, not necessary to the business, and (C) otherwise as permitted pursuant to the terms of the Indenture.

Appears in 2 contracts

Samples: Security Agreement (Gsi Group Inc), Security Agreement (Gsi Group Inc)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, Inventory except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business.

Appears in 2 contracts

Samples: Security Agreement (Efactor Group Corp.), Security Agreement (Eastside Distilling, Inc.)

Transfers and Other Liens. (i) No The Grantor will not sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in as expressly permitted by the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the businessother Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (Applied Dna Sciences Inc), Security Agreement (Applied Dna Sciences Inc)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, (B) licenses and similar arrangements for the use of property in the ordinary course of business, and (BC) worn-out or obsolete assets not necessary to the business.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Broadvision Inc), Pledge and Security Agreement (Verilink Corp)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-worn out or obsolete assets assets, not necessary to the business, (C) non-exclusive Licenses of Intellectual Property in the ordinary course of business and (D) New Note Collateral as expressly provided in the Exchange Agreement.

Appears in 1 contract

Samples: Security Agreement (Inksure Technologies Inc.)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law Law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, without the prior written consent of the Collateral Agent, except (A) Inventory for transactions conducted in the ordinary course of businessbusiness (which shall not include any real property), and (B) worn-out including the sale of securities the proceeds of which remain in a Deposit Account or obsolete assets not necessary Security Account subject to the businessa control account agreement.

Appears in 1 contract

Samples: Security Agreement (BitNile Holdings, Inc.)

Transfers and Other Liens. (i) No The Grantor will not sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business.

Appears in 1 contract

Samples: Security Agreement (Cadence Resources Corp)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory or licenses in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business.

Appears in 1 contract

Samples: Security Agreement (Driftwood Ventures, Inc.)

Transfers and Other Liens. (i) No The Grantor will not sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, business and (B) worn-out or obsolete assets not necessary to the business.

Appears in 1 contract

Samples: Security Agreement (Histogenics Corp)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Encumbered Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business.

Appears in 1 contract

Samples: Security Agreement (MFC Development Corp)

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Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) damaged, worn-out or obsolete assets not necessary to the businessbusiness and (C) other assets not exceeding, individually or in the aggregate, $5,000.

Appears in 1 contract

Samples: Security Agreement (Pure Vanilla Exchange Inc)

Transfers and Other Liens. (i) No Without the Consent of the Buyer, no Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any substantial part of the Collateral, except (A) Inventory or Intellectual Property in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business.

Appears in 1 contract

Samples: Security Agreement (Vcampus Corp)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) damaged, worn-out or obsolete assets not necessary to the businessbusiness and (C) other assets not exceeding, individually or in the aggregate, $25,000.

Appears in 1 contract

Samples: Security Agreement (Nesco Industries Inc)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law Law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, without the prior written consent of the Collateral Agent, except (A) Inventory for transactions conducted in the ordinary course of businessbusiness (which shall not include any real property), and (B) worn-out including the sale of unregistered securities the proceeds of which remain in a Deposit Account or obsolete assets not necessary Security Account subject to the businessa control account agreement.

Appears in 1 contract

Samples: Security Agreement (BitNile Holdings, Inc.)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, exclusively license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the Grantor’s business so long as such transfer will not interfere in any material respect with the Grantor’s business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Eon Communications Corp)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-worn out or obsolete assets assets, not necessary to the such Grantor's business.

Appears in 1 contract

Samples: Security Agreement (RxElite, Inc.)

Transfers and Other Liens. (i) No The Grantor will not sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-worn out or obsolete assets assets, not necessary to the business.

Appears in 1 contract

Samples: Security Agreement (Us Dataworks Inc)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the businessother than Permitted Dispositions.

Appears in 1 contract

Samples: Guarantor Security Agreement (Iron Age Corp)

Transfers and Other Liens. (i) No The Grantor will not sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) to the Parent, and (B) for Inventory and Intellectual Property in the ordinary course of business, and (BC) worn-out or obsolete assets not necessary to the business, and (D) as otherwise permitted by this Agreement.

Appears in 1 contract

Samples: Security Agreement (Commtouch Software LTD)

Transfers and Other Liens. (i) No Grantor will sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Collateral, except (A) Inventory in the ordinary course of business, and (B) worn-out or obsolete assets not necessary to the business.except

Appears in 1 contract

Samples: Security and Pledge Agreement (Digital Domain Media Group, Inc.)

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