Common use of Prohibition on the Disposal of Collateral Clause in Contracts

Prohibition on the Disposal of Collateral. Except as otherwise permitted by the Credit Agreement and this Agreement, the Assignor shall not: (i) dispose of the Collateral; (ii) sell, factor or assign book or other debts forming part of the Collateral; or (iii) sign any kind of agreement that provides for the non-assignability or the assignability subject to the prior written consent of a third party of the Assigned Receivables.

Appears in 2 contracts

Sources: Security Agreement (Graftech International LTD), Security Agreement (Graftech International LTD)

Prohibition on the Disposal of Collateral. Except as otherwise permitted by the Credit Agreement and this Agreement, the Assignor shall notnot without the prior written consent of the Assignee: (i) dispose of the CollateralCollateral ; (ii) sell, factor or assign book or other debts forming part of the Collateral; or; (iii) sign any kind of agreement that provides for the non-assignability or the assignability subject to the prior written consent of a third party of the Assigned Receivables, without the prior written consent of the Assignee.

Appears in 1 contract

Sources: Swiss Security Agreement (GrafTech Holdings Inc.)