Common use of No Disposition of Collateral Clause in Contracts

No Disposition of Collateral. Except for the creation and grant of the security interest under this Agreement or Permitted Liens as defined in the Purchase Agreement or sales of items of inventory in the ordinary course of business, Debtor will not, and Administrative Agent does not authorize Debtor to, exchange, sell, lease, license or otherwise dispose of, or create or grant any lien on or security interest in, any of the Collateral.