Common use of Dispositions Not Authorized Clause in Contracts

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

Appears in 2 contracts

Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)

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

Appears in 2 contracts

Samples: Pledge and Security Agreement (Par Technology Corp), Security Agreement (Skyline Corp)

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

Appears in 2 contracts

Samples: Security Agreement (Smithfield Foods Inc), Pledge and Security Agreement (Proassurance Corp)

Dispositions Not Authorized. The No Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d4.2(e) and notwithstanding any course of dealing between the any Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d4.2(e)) shall be binding upon the Lender or the other Secured Parties unless such authorization is in writing signed by the Lender.

Appears in 1 contract

Samples: Pledge and Security Agreement (Electronic Cigarettes International Group, Ltd.)

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

Appears in 1 contract

Samples: Pledge and Security Agreement (YRC Worldwide Inc.)

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

Appears in 1 contract

Samples: Pledge and Security Agreement (Matrix Service Co)

Dispositions Not Authorized. The Neither Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between the such Grantor and the Lender or other conduct of the Lender, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Lender or the other Secured Parties unless such authorization is in writing signed by the Lender.

Appears in 1 contract

Samples: Pledge and Security Agreement (Servicesource International, Inc.)

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