Sale or Hypothecation of Collateral. Except as otherwise provided in Section 7.5 and 7.6 of the Asset Purchase Agreement, Debtor shall not directly or indirectly, whether voluntarily, involuntarily, by operation of law or otherwise (i) sell, assign, license, transfer, exchange, lease, lend, grant any option with respect to or dispose of any of the Collateral or any of Debtor's rights therein, except for sales, assignments, licenses, transfers, exchanges, leases or loans in the ordinary course of the Debtor's business, nor (ii) create or permit to exist any Lien on or with respect to any of the Collateral, other than Permitted Liens. The inclusion of "proceeds" as a component of the Collateral shall not be deemed a consent by the Secured Party to any sale, assignment, transfer, exchange, lease, loan, granting of an option with respect to or disposition of all or any part of the Collateral.
Sale or Hypothecation of Collateral. The Borrower shall not directly or indirectly, whether voluntarily, involuntarily, by operation of law or otherwise (i) sell, assign, transfer, exchange, lease, lend, grant any option with respect to, return or dispose of any of the Collateral (other than inventory items sold or leased in the ordinary course of the Borrower’s business), or any of the Borrower’s rights therein, or enter into any agreement to take any of the foregoing actions, nor (ii) create or permit to exist any lien on or with respect to any of the Collateral, except for the liens in favor of the Lender. The inclusion of “proceeds” as a component of the Collateral shall not be deemed a consent by the Lender to any sale, assignment, transfer, exchange, lease, loan, granting of an option with respect to or disposition of all or any part of the Collateral;
Sale or Hypothecation of Collateral. Pledgor shall not directly or indirectly, whether voluntarily, involuntarily, by operation of law or otherwise (a) exchange, sell, encumber or dispose of the Collateral or any part thereof, or any of Pledgor's rights therein, or grant any option with respect thereto; (b) cause, suffer or permit the Collateral to be affected by any encumbrance, security interest, option or adverse claim of any kind or nature whatsoever; (c) vote or consent to any change the voting rights of the members of the Company. The inclusion of "proceeds" as a component of the Collateral shall not be deemed a consent by Secured Party to any sale or disposition of all or any part of the Collateral.
Sale or Hypothecation of Collateral. Borrowers shall not, at any time following the Effective Date, directly or indirectly, whether voluntarily or involuntarily, by operation of law or otherwise: (i) sell, assign, transfer, exchange, lease, lend or dispose of any of the Collateral, or any of any Borrowers' rights therein; nor (ii) cause, suffer or permit any of the Collateral to be affected by any encumbrance, security interest or adverse claim of any kind or nature whatsoever.
Sale or Hypothecation of Collateral. Except with respect to the Permitted Transaction, Grantor shall not directly or indirectly, whether voluntarily, involuntarily, by operation of law or otherwise, (i) sell, assign, transfer, exchange, lease, lend, grant any option with respect to or dispose of all or any part of the Collateral (other than items sold or leased in the ordinary course of business), or any of Grantor’s rights therein or (ii) create or permit to exist any Lien on or with respect to any of the Collateral, except for Permitted Liens.
Sale or Hypothecation of Collateral. Pledgor shall not directly or indirectly, whether voluntarily, involuntarily, by operation of law or otherwise (a) exchange, sell, encumber or dispose of the Collateral or any part thereof, or any of Pledgor's rights therein, or grant any option with respect thereto, nor (b) cause, suffer or permit the Collateral to be affected by any encumbrance, security interest, option or adverse claim of any kind or nature whatsoever, other than the security interest in favor of Secured Party.
Sale or Hypothecation of Collateral. Obligor shall not directly ----------------------------------- or indirectly, whether voluntarily, involuntarily, by operation of law or otherwise (i) sell, assign, transfer, exchange, lease, lend, grant any option with respect to, return or dispose of any of the Collateral (other than in the ordinary course of Obligor's business), or any of Obligor's rights therein, or enter into any agreement to take any of the foregoing actions, nor (ii) create or permit to exist any lien on or with respect to any of the Collateral, except for the lien in favor of Secured Party and any other liens existing on the date hereof; and
Sale or Hypothecation of Collateral. We shall not directly or indirectly, whether voluntarily, involuntarily, by operation of law or otherwise sell, assign, transfer, exchange, lease, lend, or grant any option with respect to or dispose of any of the Collateral, or any of our rights therein, nor create or permit to exist any lien on or with respect to any of the Collateral, except for the lien in favor of you and Permitted Liens or as otherwise permitted under the Transaction Documents. You and your successors and assigns will have all of the rights, powers and privileges of a secured party under the New York Uniform Commercial Code in force and effect from time to time with respect to the security interest granted by this Agreement. Upon the occurrence and during the continuation of any Event of Default under the Note, you may take any action which you may deem necessary for the maintenance, preservation and protection of any of the Collateral or your security interest therein, and you will retain all of your rights under the New York Uniform Commercial Code, including, without limitation, the right to transfer any of the Collateral into your name or the name of your nominee and to sell any of the Collateral at a public or private sale on such terms as you deem appropriate and the right to foreclose upon the Collateral. To the extent permitted by applicable law, at any such sale you may be the purchaser. You will not be required to resort to or pursue any of your rights or remedies under or with respect to any other security for or guaranty of payment of any of the obligations secured by this Agreement before pursuing any of your rights or remedies under this Agreement. This Agreement and your rights and obligations hereunder will be governed by and construed in accordance with the laws of the State of New York. We agree that any legal action or proceeding with respect to this Agreement may be brought in the courts of the State of New York and of the United States having jurisdiction in the Borough of Manhattan, City and State of New York and for the purpose of any such legal action or proceeding, we hereby waive any claim or defense that such forum is not convenient or proper. We agree that any such court shall have in personam jurisdiction over us and that service of process may be effected in any manner authorized by New York law. This Agreement will be binding upon our administrators, successors and assigns. WE HEREBY WAIVE, AND COVENANT THAT WE WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEF...
Sale or Hypothecation of Collateral. Debtor shall not directly or indirectly, whether voluntarily or involuntarily, by operation of law or otherwise: (i) sell, assign, transfer, exchange, lease, lend or dispose of any of the Collateral, or any of Debtor’s rights therein; nor (ii) cause, suffer or permit any of the Collateral, or any of Debtor's rights therein, to be affected by any encumbrance, security interest or adverse claim of any kind or nature whatsoever, except:
Sale or Hypothecation of Collateral. Debtor shall not, and TVN ----------------------------------- shall not cause Debtor to, directly or indirectly, whether voluntarily, involuntarily, by operation of law or otherwise (i) sell, assign, transfer, exchange, lease, lend, grant any option with respect to or dispose of any of the Collateral (other than inventory items sold or leased in the ordinary course of Debtor's business), or any of Debtor's rights therein, nor (ii) create or permit to exist any Lien on or with respect to any of the Collateral, except for (x) the Lien in favor of Secured Party (y) the GRTV Liabilities and (z) Liens to secure Permitted Debt (defined as indebtedness for financing provided to Debtor from time to time by one or more banks or other financial institutions for working capital or other ordinary business purposes provided that such Lien is junior to the Lien in favor of Secured Party. The inclusion of "proceeds" as a component of the Collateral shall not be deemed a consent by Secured Party to any sale, assignment, transfer, exchange, lease, loan, granting of an option with respect to or disposition of all or any part of the Collateral;
