No Disposition. The Debtor covenants and agrees that it will not sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, any of the Collateral, except as provided for in Section 9 hereof, nor will it create, incur, or permit to exist any Lien on or with respect to any of the Collateral, any interest therein, or any Proceeds thereof.
Appears in 6 contracts
Samples: Secured Promissory Note and Security Agreement (Charlie's Holdings, Inc.), Secured Promissory Note and Security Agreement (Charlie's Holdings, Inc.), And Security Agreement (Charlie's Holdings, Inc.)
No Disposition. The Debtor covenants and agrees that it will not sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, any of the Collateral, except as provided for in Section 9 hereof, nor will it create, incur, or permit to exist any Lien on or with respect to any of the Collateral, any interest therein, or any Proceeds thereof, except for the Permitted Liens.
Appears in 2 contracts
Samples: Borrower Security Agreement (Peoples Liberation Inc), Borrower Security Agreement (Peoples Liberation Inc)
No Disposition. The Debtor covenants and agrees that it will not sell, -------------- assign, transfer, exchange, exchange or otherwise dispose of, or grant any option with respect to, any of the Collateral, except as provided for in Section 9 10 hereof, nor will it create, incur, incur or permit to exist any Lien on or with respect to any of the Collateral, any interest therein, or any Proceeds thereof, except for the security interests and Liens created under this Agreement or any of the other Security Documents in favor of the Secured Party.
Appears in 1 contract
