Common use of Limitations on Dispositions of Collateral Clause in Contracts

Limitations on Dispositions of Collateral. The Debtor will not sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so, without the prior consent of Secured Party.

Appears in 2 contracts

Samples: Security Agreement (Baron Energy Inc.), Security Agreement (Baron Energy Inc.)

AutoNDA by SimpleDocs

Limitations on Dispositions of Collateral. The Debtor will shall not sell, transfer, lease or otherwise dispose of any a material portion of the Collateral, or attempt, offer or contract to do so, so without the prior written consent of Secured Party; provided, however, that Debtor will be allowed to (1) sell its inventory in the ordinary course of business and (2) sell and grant non-exclusive licenses to its products, intellectual property and related documentation in the ordinary course of business.

Appears in 2 contracts

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

Limitations on Dispositions of Collateral. The Without the consent of the Secured Party, the Debtor will not sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so, without except for sales of Inventory in the prior consent ordinary course of Secured Partyits business.

Appears in 2 contracts

Samples: Security Agreement (Auriga Laboratories, Inc.), Security Agreement (Biogold Fuels CORP)

Limitations on Dispositions of Collateral. The Debtor will shall not sell, transfer, lease or otherwise dispose of any a material portion of the Collateral, or attempt, offer or contract to do so, so without the prior written consent of Secured Party; provided, however, that Debtor will be allowed to (1) sell its inventories in the ordinary course of business and (2) sell and grant non-exclusive licenses to its products, intellectual property and related documentation in the ordinary course of business.

Appears in 1 contract

Samples: Line of Credit Agreement (Boxlight Corp)

AutoNDA by SimpleDocs

Limitations on Dispositions of Collateral. The Debtor will shall not sell, transfer, lease or otherwise dispose of any a material portion of the Collateral, or attempt, offer or contract to do so, so without the prior written consent of the Secured Party; provided, however, that Debtor will be allowed to sell inventory and grant non-exclusive licenses to its products, intellectual property and related documentation.

Appears in 1 contract

Samples: Security Agreement (Ocz Technology Group Inc)

Limitations on Dispositions of Collateral. The Without the consent of the Secured Parties, the Debtor will not sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so, without except for sales of Inventory in the prior consent ordinary course of Secured Partyits business.

Appears in 1 contract

Samples: Security Agreement (World Waste Technologies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.