Common use of Disposition of Pledged Collateral Clause in Contracts

Disposition of Pledged Collateral. The Pledgor shall not transfer, sell, assign (by operation of law or otherwise), convey or otherwise dispose of, or grant any warrant or option with respect to, any of the Pledged Collateral, other than the pledge, hypothecation and security interest created pursuant to this Agreement.

Disposition of Pledged Collateral. The Pledgor shall will not transfersurrender or lose possession of (other than to the Administrative Agent), sell, assign (by operation of law or otherwise)lease, convey rent, or otherwise dispose of, of or grant any warrant or option with respect to, transfer any of the Pledged CollateralCollateral held by the Pledgor or any right or interest therein, other than except to the pledge, hypothecation and security interest created pursuant to this Agreementextent permitted by the Loan Documents.