Sale or Transfer of Collateral Sample Clauses

Sale or Transfer of Collateral. Pledgor hereby covenants and agrees that it will not sell, assign, or transfer any of the Collateral to any person, firm, or corporation (except Secured Party) without the prior written consent of Secured Party, which consent shall not be unreasonably withheld.
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Sale or Transfer of Collateral. During the term of this agreement, neither Obligees nor Escrow Agent shall sell or attempt to sell, assign, release, encumber or otherwise transfer or dispose of any of the Collateral pledged hereunder, except as may be allowed by Paragraphs 4 or 5 herein.
Sale or Transfer of Collateral. (a) Upon (i) any sale or other transfer by any Grantor of any Collateral that is expressly permitted under the Financing Agreement (and which would not result in an Event of Default) to any Person that is not a Grantor, or (ii) the effectiveness of any written consent by any Agent, the Lenders, or the Required Lenders as provided under the Financing Agreement to the release of any security interest granted hereby in any or all of the Collateral, the Collateral Agent’s Liens on such Collateral shall be released. In connection with any such release, the Collateral Agent shall execute and deliver to such Grantor at such Grantor’s sole expense all documents that such Grantor shall reasonably request to evidence such release.
Sale or Transfer of Collateral. Except as otherwise expressly permitted herein, sell or transfer the Collateral to any Person.
Sale or Transfer of Collateral. Borrower sells, transfer, removes, abandons, assigns, hypothecates or encumbers, whether voluntarily or involuntarily, all or any part of the collateral (except for personal property which requires replacement by reason of wear and tear or obsolescence which is immediately replaced upon sale or removal), or any interest therein or the attachment of any lien thereon.
Sale or Transfer of Collateral. A Corporation shall not assign, sell or otherwise transfer or convey all or any part of the Collateral to another Corporation without the consent of the Secured Party; in the event the Secured Party shall consent to any such transfer, any transferee shall take such Collateral subject to the security interest of the Secured Party provided herein and shall assume the obligations of the transferor hereunder with respect to the Collateral acquired by such transferee and such transferee shall execute and deliver to the Secured Party such financing statements and other instruments and documents as the Secured Party may require to preserve its security interest granted hereunder in such Collateral. Nothing contained herein, however, shall permit the movement of any tangible assets included as part of the Collateral other than in accordance with the provisions of Section 2(c) hereof.
Sale or Transfer of Collateral. Except as expressly permitted under this Agreement, Pledgor will not, directly or indirectly, without prior written consent of the Collateral Agent, transfer or sell any Collateral, or enter into any agreement which may result in the transfer or sale of any Collateral or any interest therein. Pledge Agreement
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Sale or Transfer of Collateral. Sell, lease, assign or otherwise dispose of any of the Collateral, except for property which is not material to the continued operation of Debtor's business.

Related to Sale or Transfer of Collateral

  • Transfer of Collateral In connection with the transfer or assignment of the Note (whether by negotiation, discount or otherwise), the Company may transfer all or any part of the Collateral, and the transferee shall thereupon succeed to all the rights, powers and remedies granted the Company hereunder with respect to the Collateral so transferred. Upon such transfer, the Company shall be fully discharged from all liability and responsibility for the transferred Collateral.

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Possession and Transfer of Collateral Unless an Event of Default exists hereunder, the Borrower shall be entitled to possession or use of the Collateral (other than Instruments or Documents, Tangible Chattel Paper, Investment Property consisting of certificated securities and other Collateral required to be delivered to the Bank pursuant to this Section 6). The cancellation or surrender of any Note, upon payment or otherwise, shall not affect the right of the Bank to retain the Collateral for any other of the Obligations. The Borrower shall not sell, assign (by operation of law or otherwise), license, lease or otherwise dispose of, or grant any option with respect to any of the Collateral, except that the Borrower may sell Inventory in the ordinary course of business and may sell property, plant and Equipment in the ordinary course of business.

  • DISPOSITION OF COLLATERAL AND PROCEEDS; TRANSFER OF INDEBTEDNESS In disposing of Collateral hereunder, Bank may disclaim all warranties of title, possession, quiet enjoyment and the like. Any proceeds of any disposition of any Collateral or Proceeds, or any part thereof, may be applied by Bank to the payment of expenses incurred by Bank in connection with the foregoing, including reasonable attorneys’ fees, and the balance of such proceeds may be applied by Bank toward the payment of the Indebtedness in such order of application as Bank may from time to time elect. Upon the transfer of all or any part of the Indebtedness, Bank may transfer all or any part of the Collateral or Proceeds and shall be fully discharged thereafter from all liability and responsibility with respect to any of the foregoing so transferred, and the transferee shall be vested with all rights and powers of Bank hereunder with respect to any of the foregoing so transferred; but with respect to any Collateral or Proceeds not so transferred, Bank shall retain all rights, powers, privileges and remedies herein given.

  • Transfer of Equity Interest Upon each exercise of the Option under this Agreement:

  • No Disposition of Collateral Secured Party does not authorize, and Debtor agrees not to:

  • Notice of Disposition of Collateral Debtor hereby agrees that notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to Debtor, addressed as set forth in Article X, at least ten (10) days prior to (a) the date of any such public sale or (b) the time after which any such private sale or other disposition may be made.

  • Retention of Collateral In addition to the rights and remedies hereunder, the Administrative Agent may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable Law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

  • Condition of Collateral Secured Party has no obligation to repair, clean-up or otherwise prepare the Collateral for sale.

  • Dispose of Collateral Sell, transfer, exchange or dispose of the Collateral unless directed to do so by the Indenture Trustee;

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