Common use of Use and Disposition of Collateral Clause in Contracts

Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by it, and shall grant no other security interest in such Collateral (other than pursuant hereto or except for any Permitted Liens) or (ii) make or permit to be made any transfer of such Collateral, and shall remain at all times in possession thereof, other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, such Grantor may use and dispose of such Collateral in any lawful manner not in violation of the provisions of this Agreement, the Credit Agreement or any other Loan Document to which it is a party, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in the ordinary course of business and other than any other transfers between Finance or a Wholly Owned Subsidiary that is a Grantor and Finance or a Wholly Owned Subsidiary that is a Grantor.

Use and Disposition of Collateral. A Grantor shall not (ia) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by itCollateral, and shall grant no other security interest in such Collateral (other than (i) pursuant hereto or except for hereto, (ii) any Permitted LiensLiens or (iii) pursuant to the Senior Security Agreement) or (iib) make or permit to be made any transfer of such Collateral, and shall remain at all times in possession thereof, thereof other than transfers to the Collateral Administrative Agent pursuant to the provisions hereof; notwithstanding the foregoing, such Grantor may use and dispose of such Collateral in any lawful manner not in violation of the provisions of this Agreement, the Credit Agreement or any other Loan Document to which it is a partyDocument, unless the Collateral Administrative Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in the ordinary course of business and other than any other transfers between Finance or a Wholly Owned Subsidiary that is a Grantor and Finance or a Wholly Owned Subsidiary that is a Grantorthe Grantors.

Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by itCollateral, and shall grant no other security interest in such the Collateral (other than pursuant hereto or except for any Permitted Liens) or (ii) make or permit to be made any transfer of such the Collateral, and shall remain at all times in possession thereof, thereof other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, such a Grantor may use and dispose of such the Collateral in any lawful manner not in violation of permitted by the provisions of this Agreement, the Credit Agreement or any other Loan Document to which it is a partyDocument, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor the Borrower not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in except with respect to any transfer between the ordinary course of business and other than any other transfers between Finance Borrower or a Wholly Owned Subsidiary that is a Grantor and Finance the Borrower or a Wholly Owned Subsidiary that is a Grantor.

Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by it, and shall grant no other security interest in such Collateral (other than pursuant hereto or except for any Permitted Liens) or (ii) make or permit to be made any transfer of such Collateral, and shall remain at all times in possession thereof, other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, such Grantor may use and dispose of such Collateral in any lawful manner not in violation of the provisions of this Agreement, the Credit Agreement or any other Loan Document to which it is a party, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in the ordinary course of business and other than any other transfers between Finance the Borrower or a Wholly Owned Subsidiary that is a Grantor and Finance a Borrower or a Wholly Owned Subsidiary that is a Grantor.

Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by itCollateral, and shall grant no other security interest in such the Collateral (other than pursuant hereto or except for Liens expressly permitted by the Credit Agreement or hereby and any Permitted Liensliens or licenses listed on Schedule V attached hereto) or (ii) make or permit to be made any transfer of such the Collateral, and shall remain at all times in possession thereof, other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, such a Grantor may use and dispose of such the Collateral in any lawful manner not in violation of permitted by the provisions of this Agreement, the Credit Agreement or any other Loan Document to which it is a partyDocument, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor Finance not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in the ordinary course of business and other than except with respect to any other transfers transfer between Finance or a Wholly Owned Subsidiary that is a Grantor and Finance or a Wholly Owned Subsidiary that is a Grantor.

Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by it, and shall grant no other security interest in such Collateral (other than pursuant hereto or except for any Permitted Liens) or (ii) make or permit to be made any transfer of such Collateral, and shall remain at all times in possession thereof, thereof other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, such Grantor may use and dispose of such Collateral in any lawful manner not in violation of the provisions of this Agreement, the Credit Agreement or any other Loan Document to which it is a party, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in the ordinary course of business business, Permitted Foreign Transfers and other than any other transfers between Finance the Borrower or a Wholly Owned Subsidiary that is a Grantor and Finance a Borrower or a Wholly Owned Subsidiary that is a Grantor.

Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by it, and shall grant no other security interest in such Collateral (other than pursuant hereto or except for any Permitted Liens) or (ii) make or permit to be made any transfer of such Collateral, and shall remain at all times in possession thereof, thereof other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, such Grantor may use and dispose of such Collateral in any lawful manner not in violation of the provisions of this Agreement, the Credit Agreement Agreements or any other Loan Document to which it is a party, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in the ordinary course of business business, Permitted Foreign Transfers and other than any other transfers between Finance the Borrower or a Wholly Owned Subsidiary that is a Grantor and Finance a Borrower or a Wholly Owned Subsidiary that is a Grantor.

Use and Disposition of Collateral. A Grantor shall not (ia) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by itCollateral, and shall grant no other security interest in such Collateral (other than (i) pursuant hereto or except for hereto, (ii) any Permitted LiensLiens or (iii) pursuant to the Junior Security Agreement) or (iib) make or permit to be made any transfer of such Collateral, and shall remain at all times in possession thereof, thereof other than transfers to the Collateral Administrative Agent pursuant to the provisions hereof; notwithstanding the foregoing, such Grantor may use and dispose of such Collateral in any lawful manner not in violation of the provisions of this Agreement, the Credit Agreement Liquidity Facility or any other Loan Document to which it is a partyDocument, unless the Collateral Administrative Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in the ordinary course of business and other than any other transfers between Finance or a Wholly Owned Subsidiary that is a Grantor and Finance or a Wholly Owned Subsidiary that is a Grantorthe Grantors.

Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by itCollateral, and shall grant no other security interest in such the Collateral (other than pursuant hereto or except for Liens expressly permitted by the Credit Agreement or hereby and any Permitted Liensliens or licenses listed on Schedule V attached hereto) or (ii) make or permit to be made any transfer of such the Collateral, and shall remain at all times in possession thereof, other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, such a Grantor may use and dispose of such the Collateral in any lawful manner not in violation of permitted by the provisions of this Agreement, the Credit Agreement or any other Loan Document to which it is a partyDocument, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor the Borrower not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in except with respect to any transfer between the ordinary course of business and other than any other transfers between Finance Borrower or a Wholly Owned Subsidiary that is a Grantor and Finance the Borrower or a Wholly Owned Subsidiary that is a Grantor.

Use and Disposition of Collateral. A Grantor shall not (ia) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by itCollateral, and shall grant no other security interest in such Collateral (other than (i) pursuant hereto or except for or, (ii) any Permitted Liens) or (iib) make or permit to be made any transfer of such Collateral, and shall remain at all times in possession thereof, thereof other than transfers to the Collateral Administrative Agent pursuant to the provisions hereof; notwithstanding the foregoing, such Grantor may use and dispose of such Collateral in any lawful manner not in violation of the provisions of this Agreement, the Credit Agreement or any other Loan Document to which it is a partyDocument, unless the Collateral Administrative Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in the ordinary course of business and other than any other transfers between Finance or a Wholly Owned Subsidiary that is a Grantor and Finance or a Wholly Owned Subsidiary that is a Grantorthe Grantors.

Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment, pledge or hypothecation of the Collateral owned by itCollateral, and shall grant no other security interest in such the Collateral (other than pursuant hereto or except for any Permitted Liens) or (ii) make or permit to be made any transfer of such the Collateral, and shall remain at all times in possession thereof, thereof other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, such a Grantor may use and dispose of such the Collateral in any lawful manner not in violation of permitted by the provisions of this Agreement, the Credit Agreement Agreements or any other Loan Document to which it is a partyDocument, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the continuance thereof, notify such Grantor the Borrower not to sell, convey, lease, assign, transfer or otherwise dispose of any such Collateral other than Inventory in except with respect to any transfer between the ordinary course of business and other than any other transfers between Finance Borrower or a Wholly Owned Subsidiary that is a Grantor and Finance the Borrower or a Wholly Owned Subsidiary that is a Grantor.