Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, Debtor immediately shall notify Bank, and upon request of Bank shall assign or indorse the same to Bank. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of Bank, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
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Sources: Security Agreement (Fountain Powerboat Industries Inc), Loan Agreement (Opnet Technologies Inc), Security Agreement (Hallmark Financial Services Inc)
Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, Debtor immediately shall notify BankLender, and upon request of Bank Lender shall assign or indorse the same to BankLender. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of BankLender, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
Appears in 3 contracts
Sources: Security Agreement (Tri-S Security Corp), Loan Agreement (Medical Technology Systems Inc /De/), Security Agreement (Florida Public Utilities Co)
Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, Debtor immediately shall notify Bank, and upon request of Bank shall assign or indorse the same to Bank. No Collateral may be sold, leased]eased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of Bank, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
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Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, ,Debtor immediately shall notify Bank, and upon request of Bank shall assign or indorse the same to Bank. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of Bank, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
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Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, Debtor shall immediately shall notify BankLender, and upon request of Bank Lender, shall assign or indorse the same to BankLender. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor in any manner without the prior written consent of BankLender, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of business.
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Disposition of the Collateral. If disposition of any Collateral gives rise to an account, chattel paper or instrument, each affected Debtor shall immediately shall notify BankLender, and upon request of Bank Lender, shall assign or indorse the same to BankLender. No Collateral may be sold, leased, manufactured, processed or otherwise disposed of by Debtor Debtors in any manner without the prior written consent of BankLender, except the Collateral sold, leased, manufactured, processed or consumed in the ordinary course of businessDebtors' ongoing normal business operations.
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