Common use of Negative Covenants of the Debtor Clause in Contracts

Negative Covenants of the Debtor. Except as otherwise provided in the Loan Agreement, without the prior written consent of the Secured Party, the Debtor shall not: a. Transfer, sell or assign any of the Collateral other than in the ordinary course of business; b. Allow or permit any other security interest or lien to attach to any of the Collateral (other than the Maytag subordinated debt); c. File, authorize or permit to be filed in any jurisdiction any financing statement relating to any of the Collateral unless the Secured Party is named as sole secured party; d. Permit any of the Collateral to be levied upon under any legal process; e. Permit anything to be done that may materially impair the value of any of the Collateral or the security therein intended to be afforded hereby; or f. Use the Collateral in violation of any law or in any manner inconsistent with any policy of insurance thereon.

Negative Covenants of the Debtor. Except as otherwise provided in the Loan Agreement or in this Agreement, without the prior written consent of the Secured Party, the Debtor shall not: a. (a) Transfer, sell or assign any of the Collateral other than in the ordinary course of business; b. (b) Allow or permit any other security interest or lien to attach to any of the Collateral (other than the Maytag subordinated debt)Collateral; c. (c) File, authorize authorize, or permit to be filed in any jurisdiction any financing statement relating to any of the Collateral unless the Secured Party is named as sole secured party; d. (d) Permit any of the Collateral to be levied upon under any legal process; e. (e) Permit anything to be done that may materially impair the value of any of the Collateral or the security therein intended to be afforded hereby; or f. (f) Use the Collateral in violation of any law or in any manner inconsistent with any policy of insurance thereon.