Transactions Involving Collateral. Not to, without the prior written consent of Secured Party, (i) sell, assign, or otherwise transfer the Collateral except in the ordinary course of business, or (ii) pledge, mortgage, encumber, or otherwise permit the Collateral to be subject to any lien, except existing liens, current tax liens, and purchase money liens.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Phototron Holdings, Inc.), Security Agreement (Phototron Holdings, Inc.), Amended and Restated Security Agreement (American Tonerserv Corp.)