Common use of Dispositions Not Authorized Clause in Contracts

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof) shall be binding upon the Collateral Agent or the Holders of Secured Obligations unless such authorization is in writing signed by the Collateral Agent.

Appears in 3 contracts

Samples: Security Agreement (Photronics Inc), Security Agreement (Photronics Inc), Security Agreement (Photronics Inc)

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Dispositions Not Authorized. No The Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1(d) and notwithstanding any course of dealing between any the Grantor and the Subordinated Collateral Agent or other conduct of the Subordinated Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(d)) shall be binding upon the Subordinated Collateral Agent or the Holders of Secured Obligations unless such authorization is in writing signed by the Subordinated Collateral AgentAgent with the consent or at the direction of the Required Holder(s).

Appears in 3 contracts

Samples: Pledge and Security Agreement (Bluestem Brands, Inc.), Pledge and Security Agreement (Bluestem Brands, Inc.), Pledge and Security Agreement (Bluestem Brands, Inc.)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof and 4.01(d), and, notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell sell, lease or transfer or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.01(d)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Parties unless such authorization is in writing signed by the Collateral AgentAgent with the consent or at the direction of the Required Secured Parties.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Petco Holdings Inc), Pledge and Security Agreement (Petco Holdings Inc)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 4.1.3 hereof and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 4.1.3 hereof) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Parties unless such authorization is in writing signed by the Collateral AgentAgent with the consent or at the direction of the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Cypress Energy Partners, L.P.), Credit Agreement (Cypress Energy Partners, L.P.)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1(c) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(c)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Parties unless such authorization is in writing signed by the Collateral Agent.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Lions Gate Entertainment Corp /Cn/), Pledge and Security Agreement (Postmedia Network Canada Corp.)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Parties unless such authorization is in writing signed by the Collateral AgentAgent with the consent or at the direction of the Holders of a majority in aggregate principal amount of the outstanding Notes.

Appears in 2 contracts

Samples: Pledge and Security Agreement (CIMPRESS PLC), Pledge and Security Agreement (CIMPRESS PLC)

Dispositions Not Authorized. No The Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1(d) and notwithstanding any course of dealing between any the Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(d)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations unless such authorization is in writing signed by the Collateral Agent.

Appears in 2 contracts

Samples: Pledge and Security Agreement (CareView Communications Inc), Pledge and Security Agreement (CareView Communications Inc)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1(d) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(d)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Parties unless such authorization is in writing signed by the Collateral AgentAgent with the consent or at the direction of the Required Lenders.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Geokinetics Inc), Pledge and Security Agreement (Postmedia Network Canada Corp.)

Dispositions Not Authorized. No The Grantor is not authorized to sell or otherwise dispose of the any Collateral owned by it except as set forth in Section 4.1.5 hereof SECTION 4.1(C) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral owned by any Grantor (except as set forth in Section 4.1.5 hereofSECTION 4.1(C)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Lenders unless such authorization is in writing signed by the Collateral Agent.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Overhill Farms Inc), Pledge and Security Agreement (Overhill Farms Inc)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral Collateral, except as set forth in Section 4.1.5 hereof 4.1(d), and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell sell, lease or transfer or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(d)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Parties unless such authorization is in writing signed by the Collateral AgentAgent with the consent or at the direction of the Required Lenders.

Appears in 1 contract

Samples: Security Agreement (Navistar International Corp)

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Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1(e) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(e)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Lenders unless such authorization is in writing signed by the Collateral AgentAgent with the consent or at the direction of the Requisite Lenders, such consent not to be unreasonably withheld, delayed or conditioned.

Appears in 1 contract

Samples: Pledge and Security Agreement (Griffon Corp)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1(d) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(d)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations unless such authorization is in writing signed by the Collateral AgentAgent with the consent or at the direction of the Required Holders.

Appears in 1 contract

Samples: Pledge and Security Agreement (Altra Holdings, Inc.)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1(d) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(d)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Parties unless such authorization is in writing signed by the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Smithfield Foods Inc)

Dispositions Not Authorized. No The Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1 (d) and notwithstanding any course of dealing between any the Grantor and the Subordinated Collateral Agent or other conduct of the Subordinated Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(d)) shall be binding upon the Subordinated Collateral Agent or the Holders of Secured Obligations unless such authorization is in writing signed by the Subordinated Collateral AgentAgent with the consent or at the direction of the Required Holder(s).

Appears in 1 contract

Samples: Security Agreement (Bluestem Brands, Inc.)

Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof 4.1(d) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof4.1(d)) shall be binding upon the Collateral Agent or the Holders of Secured Obligations Lenders unless such authorization is in writing signed by the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lev Pharmaceuticals Inc)

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