Common use of No Disposition Clause in Contracts

No Disposition. No Credit Party will sell, assign, pledge, encumber or otherwise dispose of any of the Intercompany Obligations owed to it, provided that such Credit Party may forgive Intercompany Obligations or contribute Intercompany Obligations to a Credit Party.

Appears in 6 contracts

Sources: Credit and Security Agreement (Ultralife Corp), Third Amendment Agreement (Ultralife Corp), Credit and Security Agreement