No Transfer or Encumbrance. Debtor has not and shall not, without the prior written consent of Secured Party, sell, assign, pledge, transfer, dispose of or deal with the Collateral, or create or permit any lien, security interest, charge or other encumbrance thereon, by or through Debtor, except for the Permitted Encumbrances, on any portion of the Collateral.
Appears in 2 contracts
Sources: Security Agreement (Xplorer S A), Security Agreement (Xplorer S A)