Common use of Restrictions on dealing Clause in Contracts

Restrictions on dealing. The Chargor shall not (except as permitted under the Credit Agreement):- (a) create or permit to subsist any Security Interest on any Security Asset expressed to be subject to fixed security pursuant to Clause 2 (Fixed Security) other than any Security Interest created by this Deed; or (b) sell, transfer, grant, or lease or otherwise dispose of any Security Asset expressed to be subject to fixed security pursuant to Clause 2, except for the disposal in the ordinary course of trade of any such Security Asset subject to the floating charge created under Clause 3.1 (Creation of floating charge).