Common use of No Restriction on Payments to Agent Clause in Contracts

No Restriction on Payments to Agent. No Grantor shall enter into any Contract that restricts or prohibits the grant of a security interest in Accounts, Chattel Paper, Instruments or payment intangibles or the proceeds of the foregoing to Agent.

Appears in 5 contracts

Sources: Pledge and Security Agreement (Ann Inc.), Pledge and Security Agreement (Anntaylor Stores Corp), Security Agreement (Acg Holdings Inc)

No Restriction on Payments to Agent. No Grantor shall not enter into any Contract that restricts or prohibits the grant of a security interest in Accounts, Chattel Paper, Instruments or payment intangibles or the proceeds of the foregoing to Agent.

Appears in 3 contracts

Sources: Security Agreement, Security Agreement (Advanced Micro Devices Inc), Security Agreement (Spansion Inc.)

No Restriction on Payments to Agent. No Grantor shall ----------------------------------- enter into any Contract that restricts or prohibits the grant of a security interest in Accounts, Chattel Paper, Instruments or payment intangibles or the proceeds of the foregoing to Agent.

Appears in 1 contract

Sources: Security Agreement (Mail Well Inc)

No Restriction on Payments to Agent. No Grantor Grantors shall not enter into any Contract that restricts or prohibits the grant of a security interest in Accounts, Chattel Paper, Instruments or payment intangibles or the proceeds of the foregoing to Agent.

Appears in 1 contract

Sources: Security Agreement (Wilsons the Leather Experts Inc)

No Restriction on Payments to Agent. No Grantor shall enter into any Contract contract that restricts or prohibits the grant of a security interest in Accounts, Chattel Paper, Instruments or payment intangibles or the proceeds of any of the foregoing to Agentforegoing.

Appears in 1 contract

Sources: Post Petition Credit Agreement (Cone Mills Corp)

No Restriction on Payments to Agent. No Grantor ----------------------------------- shall enter into any Contract that restricts or prohibits the grant of a security interest in Accounts, Chattel Paper, Instruments or payment intangibles or the proceeds of the foregoing to Agent.

Appears in 1 contract

Sources: Security Agreement (Mail Well Inc)