Common use of Disposition of the Collateral Clause in Contracts

Disposition of the Collateral. 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.

Appears in 3 contracts

Sources: Security Agreement (Inspire Insurance Solutions Inc), Security Agreement (Inspire Insurance Solutions Inc), Security Agreement (Inspire Insurance Solutions Inc)