Common use of Transfers of and other Liens on Collateral Clause in Contracts

Transfers of and other Liens on Collateral. No Grantor shall sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Collateral pledged by it hereunder except as permitted under the Credit Agreement.

Transfers of and other Liens on Collateral. No Grantor shall sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Collateral pledged by it hereunder except as permitted under the Credit Agreementwith respect to Permitted Dispositions and Permitted Encumbrances.