Conveyance of Collateral. The conveyance, assignment, sale, pledge, transfer, hypothecation or other disposition (which shall include execution of a contract for sale) of legal or equitable ownership of any part of the Collateral.
Appears in 1 contract
Sources: Loan and Security Agreement (Silverleaf Resorts Inc)
Conveyance of Collateral. The conveyance, assignment, sale, pledge, --------------------------- transfer, hypothecation or other disposition (which shall include execution of a contract for sale) of legal or equitable ownership of any part of the CollateralCollateral other than in the ordinary course of business.
Appears in 1 contract
Sources: Loan and Security Agreement (Litchfield Financial Corp /Ma)