Common use of COVENANTS OF DEBTOR Clause in Contracts

COVENANTS OF DEBTOR. 5.1 Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreement) without obtaining the prior written consent of Secured Party and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and Permitted Liens. Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral.

Appears in 5 contracts

Samples: Security Agreement (Schuff International Inc), Security Agreement (Schuff International Inc), Security Agreement (Schuff International Inc)

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COVENANTS OF DEBTOR. 5.1 Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreementherein) without obtaining the prior written consent of Secured Party and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and the Permitted LiensSecurity Interests. Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Antigua Enterprises Inc), Security Agreement (Antigua Enterprises Inc), Security Agreement (Antigua Enterprises Inc)

COVENANTS OF DEBTOR. 5.1 Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreementherein) without obtaining the prior written consent of Secured Party and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest Interest, the security interests described in Schedule 4.1 and the Permitted Liens. Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Antigua Enterprises Inc), Security Agreement (Antigua Enterprises Inc), Security Agreement (Antigua Enterprises Inc)

COVENANTS OF DEBTOR. 5.1 Except as otherwise permitted in the Loan Agreement, Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreementherein) without obtaining the prior written consent of Secured Party and and, except as otherwise consented to by Secured Party in writing, shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and Permitted LiensInterest. Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Continental Circuits Corp), Security Agreement (Continental Circuits Corp)

COVENANTS OF DEBTOR. 5.1 5.1. Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in herein) except as permitted under the Credit Agreement) without obtaining the prior written consent of Secured Party Agreement and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and Permitted Liens. Although proceeds of Collateral are covered by this Liens (as defined in the Credit Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral).

Appears in 1 contract

Samples: Credit Agreement (Knight Transportation Inc)

COVENANTS OF DEBTOR. 5.1 Except as otherwise permitted in the Credit Agreement, and except as to its inventory which may be sold in the ordinary course of business, Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreement) without obtaining the prior written consent of Secured Party which will not be unreasonably withheld or delayed and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and any Permitted Liens. Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale or other transfers of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Alliance Medical Corp)

COVENANTS OF DEBTOR. 5.1 Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreementherein) without obtaining the prior written consent of Secured Party and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and any Permitted Liens. Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral; provided, however, that Debtor can sell or dispose of the Collateral in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Interact Commerce Corp)

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COVENANTS OF DEBTOR. 5.1 Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreementherein) without obtaining the prior written consent of Secured Party and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and Permitted LiensInterest. Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Schuff Steel Co)

COVENANTS OF DEBTOR. 5.1 Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted herein or in the Credit Agreement) without obtaining the prior written consent of Secured Party and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and Permitted LiensEncumbrances (as defined in the Credit Agreement). Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (White Electronic Designs Corp)

COVENANTS OF DEBTOR. 5.1 Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreementherein) without obtaining the prior written consent of Secured Party and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest Interest, the security interests described in Schedule 4.1 and the Permitted Liens. Liens Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral.

Appears in 1 contract

Samples: Trademark Security Agreement (Antigua Enterprises Inc)

COVENANTS OF DEBTOR. 5.1 Except in the ordinary course of business or as permitted in the Credit Agreement, Debtor shall not sell, transfer, assign or otherwise dispose of any Collateral or any interest therein (except as permitted in the Credit Agreementherein) without obtaining the prior written consent of Secured Party and shall keep the Collateral free of all security interests or other encumbrances except the Security Interest and Permitted LiensInterest. Although proceeds of Collateral are covered by this Agreement, this shall not be construed to mean that Secured Party consents to any sale of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Hypercom Corp)

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