Common use of Transactions Involving Collateral Clause in Contracts

Transactions Involving Collateral. Debtor shall not, without the prior written consent of Secured Party, which consent shall not be unreasonably withheld, (a) sell, offer to sell, or otherwise transfer the Collateral except in the ordinary course of business, or (b) pledge, mortgage, encumber, or otherwise permit the Collateral to be subject to any lien, security interest, or charge, other than the security interest created by this Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (SMG Industries Inc.), Security Agreement (SMG Industries Inc.)

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Transactions Involving Collateral. Debtor shall not, without the prior written consent of Secured Party, which consent shall not be unreasonably withheld, (a) sell, offer to sell, or otherwise transfer the Collateral except in the ordinary course of business, or (b) to pledge, mortgage, encumber, or otherwise permit the Collateral to be subject to any lien, security interest, or charge, other than the security interest created by this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Homeseekers Com Inc), Security Agreement (Homeseekers Com Inc)

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Transactions Involving Collateral. Debtor shall not, without the prior written consent of Secured Party, which consent shall not be unreasonably withheld, (a) sell, offer to sell, or otherwise transfer the Collateral except in the ordinary course of business, or (b) pledge, mortgage, encumber, or otherwise permit the Collateral to be subject to any lien, security interest, or charge, other than the security interest created by this Agreement. 6.3.

Appears in 1 contract

Samples: Security Agreement (Pure Play Media Holdings, Inc.)

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