Common use of Transfers of Collateral Clause in Contracts

Transfers of Collateral. The Grantor agrees that it will not, nor will it permit any of its Subsidiaries to (a) directly or indirectly, sell, lease, assign, transfer or otherwise dispose of, or grant any option with respect to, any of the Collateral, or any part thereof or interest therein, except as expressly authorized under the Secured Note Purchase Agreement, (b) directly or indirectly create, incur, assume, or suffer to exist any Lien on any of the Pledged Collateral now owned or hereafter acquired except for the Lien under this Agreement and as permitted under the Secured Note Purchase Agreement, or (c) enter into any agreement or understanding that purports to or may restrict or inhibit the Agent's rights or remedies hereunder, including, without limitation, the Agent's right to sell or otherwise dispose of the Pledged Collateral.

Transfers of Collateral. The Grantor agrees that it will ----------------------- not, nor will it permit any of its Subsidiaries to (a) directly or indirectly, sell, lease, assign, transfer or otherwise dispose of, or grant any option with respect to, any of the Collateral, or any part thereof or interest therein, except as expressly authorized under the Secured Note Purchase Agreement, (b) directly or indirectly create, incur, assume, or suffer to exist any Lien on any of the Pledged Collateral now owned or hereafter acquired except for the Lien under this Agreement and as permitted under the Secured Note Purchase AgreementPermitted Liens, or (c) enter into any agreement or understanding that purports to or may restrict or inhibit the Agent's rights or remedies hereunder, including, without limitation, the Agent's right to sell or otherwise dispose of the Pledged Collateral.

Transfers of Collateral. The Each Grantor agrees that it will ----------------------- not, nor will it permit any of its Subsidiaries to (a) directly or indirectly, sell, lease, assign, transfer or otherwise dispose of, or grant any option with respect to, any of the Collateral, or any part thereof or interest therein, except as expressly authorized under the Secured Note Purchase Agreement, (b) directly or indirectly create, incur, assume, or suffer to exist any Lien on any of the Pledged Collateral now owned or hereafter acquired except for the Lien under this Agreement and as permitted under the Secured Note Purchase AgreementPermitted Liens, or (c) enter into any agreement or understanding that purports to or may restrict or inhibit the Agent's rights or remedies hereunder, including, without limitation, the Agent's right to sell or otherwise dispose of the Pledged Collateral.