Common use of Use and Disposition of Collateral Clause in Contracts

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 12 contracts

Samples: Security Agreement (Speedcom Wireless Corp), Security Agreement (Speedcom Wireless Corp), Security Agreement (Speedcom Wireless Corp)

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Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral other than with respect to Existing Liens and other liens approved by the Secured Parties and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 6 contracts

Samples: Security Agreement (Interlink Global Corp), Security Agreement (Silver Star Energy Inc), Security Agreement (Wave Wireless Corp)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral other than with respect to Existing Liens and other liens approved by the Secured Parties and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by it except in the Secured Partiesordinary course of business.

Appears in 4 contracts

Samples: Security Agreement (Datalogic International Inc), Security Agreement (Remote Dynamics Inc), Escrow Agreement (Remote Dynamics Inc)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral other than Existing Liens and Permitted Liens without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 3 contracts

Samples: Security Agreement (P Com Inc), Security Agreement (Satcon Technology Corp), Security Agreement (P Com Inc)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without except for the prior written consent sale of its products and license of its software in the Secured Partiesordinary course of business. The Grantor shall not make or permit to be made any transfer of any Collateral and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens it except for the sale of its products and other liens approved by license of its software in the Secured Partiesordinary course of business.

Appears in 2 contracts

Samples: Security Agreement (Vertel Corp), Security Agreement (Vertel Corp)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured PartiesParty. The Grantor shall not make or permit to be made any transfer of any Collateral and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured PartiesParty.

Appears in 2 contracts

Samples: Security Agreement (P Com Inc), Security Agreement (Speedcom Wireless Corp)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral other than Existing Liens (and replacements thereof) and Permitted Liens without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral outside of the normal course of business and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 2 contracts

Samples: Security Agreement (World Racing Group, Inc.), Security Agreement (Dirt Motor Sports, Inc.)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral Collateral, other than the sale of inventory in the ordinary course of business and the sale of obsolete or unnecessary equipment, and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 1 contract

Samples: Security Agreement (Verticalnet Inc)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien (other than Permitted Liens) in respect of the Collateral without the prior written consent of Vicis as agent for the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral other than with respect to Existing Liens and other liens approved by Vicis and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by except for inventory in the Secured Parties.ordinary course of business..

Appears in 1 contract

Samples: Security Agreement (Ambient Corp /Ny)

Use and Disposition of Collateral. The Except for, and in connection with, Permitted Liens, the Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral other than with respect to Existing Liens, Permitted Liens and other liens approved by the Secured Parties, and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.”

Appears in 1 contract

Samples: Security Agreement (Glowpoint Inc)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien (other than Permitted Liens) in respect of the Collateral without the prior written consent of the Secured PartiesParty. The Grantor shall not make or permit to be made any transfer of any Collateral other than with respect to Existing Liens and other liens approved by the Secured Party and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by except for inventory in the Secured Partiesordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Ambient Corp /Ny)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien (other than Permitted Liens) in respect of the Collateral without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral other than in the ordinary course of business or with respect to Existing Liens and other liens approved by the Secured Parties and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 1 contract

Samples: Security Agreement (Technoconcepts, Inc.)

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Use and Disposition of Collateral. The Grantor shall not make or --------------------------------- permit to be made an any assignment, pledge or hypothecation of any Collateral the Collateral, or shall grant any other Lien security interest in respect of the Collateral without except for the prior written consent of the Secured PartiesSecurity Interest. The Grantor shall not make or permit to be made any transfer of any Collateral the Collateral, and the Grantor shall remain at all times in possession of the Collateral owned by it, it other than with respect transfers to Existing Liens and other liens approved by the Secured PartiesParty pursuant to the provisions hereof and as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Security Agreement (Liberty Digital Inc)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured PartiesParty. The Grantor shall not make or permit to be made any transfer of any Collateral other than with respect to Existing Liens and other liens approved by the Secured Party and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by it except in the Secured Partiesordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Remote Dynamics Inc)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any the Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured PartiesCollateral. The Grantor shall not make or permit to be made any transfer of any the Collateral and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 1 contract

Samples: Security Agreement (K2 Digital Inc)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral other than Permitted Liens without the prior written consent of the Secured PartiesParty. The Grantor shall not make or permit to be made any transfer or sale of any Collateral to any person or entity other than Secured Party and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured PartiesPermitted Liens.

Appears in 1 contract

Samples: Security Agreement (VistaGen Therapeutics, Inc.)

Use and Disposition of Collateral. The Grantor shall not make --------------------------------- or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien in respect of the Collateral without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 1 contract

Samples: Security Agreement (Speedcom Wireless Corp)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or shall grant any other Lien (other than Permitted Liens) in respect of the Collateral without the prior written consent of the Secured Parties. The Grantor shall not make or permit to be made any transfer of any Collateral other than in the ordinary course of business or with respect to other liens approved by the Secured Parties and the Grantor shall remain at all times in possession of the Collateral owned by it, other than with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 1 contract

Samples: Security Agreement (Intelligentias, Inc.)

Use and Disposition of Collateral. The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of any Collateral or and shall not grant any other Lien in respect of the Collateral without the prior written consent of the Secured Parties. Parties which consent shall not be unreasonably withheld.. The Grantor shall not make or permit to be made any transfer of any Collateral and the Grantor shall remain at all times in possession of the Collateral owned by it, other than (a) in the ordinary course of business and (b) with respect to Existing Liens and other liens approved by the Secured Parties.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Apollo Resources International Inc)

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