Common use of Sale, Disposition or Encumbrance of Collateral Clause in Contracts

Sale, Disposition or Encumbrance of Collateral. Except for Permitted Liens and as otherwise expressly permitted pursuant to the provisions of the Indenture and Article 5 of this Agreement or with Secured Party’s prior written consent, Debtor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, assign, substitute, replace, lend, rent, lease or otherwise dispose of or transfer any of the Collateral to or in favor of any Person other than Secured Party. For avoidance of doubt, to the extent not prohibited by the Indenture, Debtor may sell inventory in the ordinary course of business and may dispose of equipment which is obsolete or in disrepair, in each case in the ordinary course of Debtor’s business.