RESTRICTIONS ON DEALING WITH COLLATERAL Sample Clauses

The "Restrictions on Dealing with Collateral" clause defines the limitations placed on a borrower or debtor regarding how they may use, transfer, or otherwise handle assets pledged as collateral under an agreement. Typically, this clause prohibits the sale, transfer, or encumbrance of the collateral without the lender's prior written consent, ensuring that the value of the collateral is preserved and remains available to secure the underlying obligation. Its core function is to protect the lender's security interest by preventing unauthorized actions that could diminish or jeopardize the collateral's value.
RESTRICTIONS ON DEALING WITH COLLATERAL. The Company agrees that it shall not, without the prior consent in writing of the Investor: 4.1.1 sell, assign, transfer, exchange, lease, consign or otherwise dispose of any Goods or all or any material part of the Collateral as a whole, other than the sale, lease or consignment of Inventory in the ordinary course of business of the Company; 4.1.2 create, assume or suffer to exist any Lien upon the Collateral other than Permitted Liens and any Lien which the Investor has expressly consented to in writing. No provision hereof shall be construed as a subordination or postponement of the Security Interest to or in favour of any other Lien, whether or not such Lien is permitted hereunder or otherwise.
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RESTRICTIONS ON DEALING WITH COLLATERAL. The Corporation shall not, except in accordance with the Indenture, without the prior consent in writing of the Collateral Agent: 4.1.1. sell, assign, transfer, exchange, lease, consign or otherwise dispose of any Goods or all or any material part of the Collateral as a whole; or 4.1.2. create, assume or suffer to exist any Lien upon the Collateral. No provision hereof shall be construed as a subordination or postponement of the Security Interest to or in favour of any other Lien, whether or not such Lien is permitted hereunder or otherwise. The Corporation shall keep its chief executive office at the address set out on the first page of this Agreement and the Collateral at such locations set forth in Schedule 2.1.1 hereto, or, upon 20 Business Days prior notice to the Collateral Agent, at such other location in a jurisdiction where all actions required by section 9.5 hereof shall have been taken with respect to the Collateral.
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RESTRICTIONS ON DEALING WITH COLLATERAL. The Corporation shall not, without the prior consent in writing of the Lender: 4.1.1. sell, assign, transfer, exchange, or otherwise dispose of the Collateral except to the extent permitted by section 4. 4.1. 1; or 4.1.2. create, assume or suffer to exist any Lien upon the Collateral ranking or purporting to rank in priority to or pari passu with the Security Interest other than the Security Interest. No provision hereof shall be construed as a subordination or postponement of the Security Interest to or in favour of any other Lien, whether or not such Lien is permitted hereunder or otherwise.
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RESTRICTIONS ON DEALING WITH COLLATERAL. The Corporation shall not, except in accordance with the Indenture, without the prior consent in writing of the Collateral Agent: 4.1.1. sell, assign, transfer, exchange, or otherwise dispose of the Collateral except to the extent permitted by section 4. 4.1. 1; and 4.1.2. create, assume or suffer to exist any Lien upon the Collateral. No provision hereof shall be construed as a subordination or postponement of the Security Interest to or in favour of any other Lien, whether or not such Lien is permitted hereunder or otherwise.
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RESTRICTIONS ON DEALING WITH COLLATERAL. The Corporation shall not, without the prior consent in writing of Deluxe, create, assume or suffer to exist any Lien upon Collateral ranking or purporting to rank in priority to or pari passu with the Security Interest. No provision hereof shall be construed as a subordination or postponement of the Security Interest to or in favour of any other Lien, whether or not such Lien is permitted hereunder or otherwise.
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RESTRICTIONS ON DEALING WITH COLLATERAL. The Debtor shall not: (a) sell, assign, transfer, exchange, or otherwise dispose of the Collateral, except to the extent permitted by section 3.2; or (b) create, or suffer to exist any lien, security interest, charge or mortgage upon the Collateral or any Collateral Account.
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Related to RESTRICTIONS ON DEALING WITH COLLATERAL

  • Trustee Dealings with Issuer The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Issuer or its Affiliates, and may otherwise deal with the Issuer or its Affiliates, as if it were not the Trustee.

  • Trustee Dealings with Company The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee.

  • Trustee Dealings with Issuers The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Issuers or their Affiliates, and may otherwise deal with the Issuers or their Affiliates, as if it were not the Trustee.

  • Concerning the Collateral and Related Loan Documents Each member of the Lender Group authorizes and directs Agent to enter into this Agreement and the other Loan Documents. Each member of the Lender Group agrees (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to agree) that any action taken by Agent in accordance with the terms of this Agreement or the other Loan Documents relating to the Collateral and the exercise by Agent of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders (and such Bank Product Provider).

  • Restrictions on Dispositions Shareholder agrees that, from and after the date of this Agreement and through the Effective Time, he or she will not take any action that will alter or affect in any way the right to vote the Shares, except (i) with the prior written consent of Bancorp or (ii) to change such right from that of a shared right of Shareholder to vote the Shares to a sole right of Shareholder to vote the Shares.