Common use of SALE OF INVENTORY COLLATERAL Clause in Contracts

SALE OF INVENTORY COLLATERAL. It will not sell, lease, exchange, or otherwise dispose of any of its Inventory Collateral without the prior written consent of Lender, except in the ordinary course of business for cash or on open account or on terms of payment ordinarily extended to its customers. Upon the sale, exchange or other disposition of its Inventory Collateral, the security interest and lien created and provided for herein, without break in continuity and without further formality or act, shall continue in and attach to any proceeds thereof, including, without limitation, accounts, contract rights, shipping documents, documents of title, bills of lading, warehouse receipts, dock warrants, dock receipts and cash or noncash proceeds (subject to any Permitted Encumbrances), and in the event of any unauthorized sale, shall continue in its Inventory Collateral itself.

SALE OF INVENTORY COLLATERAL. It Borrower will not sell, lease, exchange, or otherwise dispose of any of its the Inventory Collateral without the prior written consent of Lender, except in the ordinary course of business for cash or on open account or on terms of payment ordinarily extended to its customers. Upon the sale, exchange or other disposition of its the Inventory Collateral, the security interest and lien created and provided for herein, without break in continuity and without further formality or act, shall continue in and attach to any proceeds thereof, including, without limitation, accounts, contract rights, shipping documents, documents of title, bills of lading, warehouse receipts, dock warrants, dock receipts and cash or noncash proceeds (subject to any Permitted Encumbrances)non-cash proceeds, and in the event of any unauthorized sale, shall continue in its the Inventory Collateral itself.

SALE OF INVENTORY COLLATERAL. It Borrower will not sell, lease, ----------------------------- exchange, or otherwise dispose of any of its the Inventory Collateral without the prior written consent of Lender, except in the ordinary course of business for cash or on open account or on terms of payment ordinarily extended to its customers. Upon the sale, exchange or other disposition of its the Inventory Collateral, the security interest and lien created and provided for herein, without break in continuity and without further formality or act, shall continue in and attach to any proceeds thereof, including, without limitation, accounts, contract rights, shipping documents, documents of title, bills of lading, warehouse receipts, dock warrants, dock receipts and cash or noncash proceeds (subject to any Permitted Encumbrances)proceeds, and in the event of any unauthorized sale, shall continue in its the Inventory Collateral itself.

SALE OF INVENTORY COLLATERAL. It Each Borrower will not sell, lease, rent, exchange, or otherwise dispose of any of its the Inventory Collateral without the prior written consent of Lender, except in the ordinary course of business for cash or on open account or on terms of payment ordinarily extended to its customers. Upon the sale, exchange lease, exchange, rental or other disposition of its any Inventory Collateral, the security interest and lien created and provided for herein, without break in continuity and without further formality or act, shall continue in and attach to any proceeds thereof, including, without limitation, accounts, contract rights, shipping documents, documents of title, bills of lading, warehouse receipts, dock warrants, dock receipts and cash or noncash proceeds (subject to any Permitted Encumbrances)non-cash proceeds, and in the event of any unauthorized sale, shall continue in its the Inventory Collateral itself.

SALE OF INVENTORY COLLATERAL. It Borrower will not sell, lease, rent, exchange, or otherwise dispose of any of its the Inventory Collateral without the prior written consent of Lender, except in the ordinary course of business for cash or on open account or on terms of payment ordinarily extended to its customers. Upon the sale, exchange lease, exchange, rental or other disposition of its any Inventory Collateral, the security interest and lien created and provided for herein, without break in continuity and without further formality or act, shall continue in and attach to any proceeds thereof, including, without limitation, accounts, contract rights, shipping documents, documents of title, bills of lading, warehouse receipts, dock warrants, dock receipts and cash or noncash proceeds (subject to any Permitted Encumbrances)non-cash proceeds, and in the event of any unauthorized sale, shall continue in its the Inventory Collateral itself.

SALE OF INVENTORY COLLATERAL. It Obligor will not sell, lease, exchange, or otherwise dispose of any of its the Inventory Collateral without the prior written consent of LenderAgent, except in the ordinary course of business for cash or on open account or on terms of payment ordinarily extended to its customers. Upon the sale, exchange or other disposition of its the Inventory Collateral, the security interest and lien created and provided for herein, without break in continuity and without further formality or act, shall continue in and attach to any proceeds thereof, including, without limitation, accounts, contract rights, shipping documents, documents of title, bills of lading, warehouse receipts, dock warrants, dock receipts and cash or noncash proceeds (subject to any Permitted Encumbrances)proceeds, and in the event of any unauthorized sale, shall continue in its the Inventory Collateral itself.

SALE OF INVENTORY COLLATERAL. It The Company will not sell, lease, exchange, or otherwise dispose of any of its the Inventory Collateral without the prior written consent of Lenderthe Bank, except in the ordinary course of business for cash or on open account or on terms of payment ordinarily extended to its customers. Upon the sale, exchange or other disposition of its the Inventory Collateral, the security interest and lien created and provided for herein, without break in continuity and without further formality or act, shall continue in and attach to any proceeds thereof, including, without limitation, accounts, contract rights, shipping documents, documents of title, bills of lading, warehouse receipts, dock warrants, dock receipts and cash or noncash proceeds (subject to any Permitted Encumbrances)proceeds, and in the event of any unauthorized sale, shall continue in its the Inventory Collateral itself.