Common use of Transactions Involving Collateral Clause in Contracts

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Grantor's business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of ▇▇▇▇▇▇▇'s business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement and the Intercreditor Agreement (as such term is defined in the corresponding Business Loan Agreement), without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by ▇▇▇▇▇▇, all proceeds from any disposition of the Collateral (for whatever reason, other than in the ordinary course of Grantor’s business shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Grantor's business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of o the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of ▇▇▇▇▇▇▇Grantor's business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement and the Intercreditor Agreement (as such term is defined in the corresponding Business Loan Agreement), without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by ▇▇▇▇▇▇Lender, all proceeds from any disposition of the Collateral (for whatever reason, other than in the ordinary course of Grantor’s business ) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Grantor's business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor's business does no▇ ▇▇▇▇▇▇▇'s business does not include de a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement and the Intercreditor Agreement (as such term is defined in the corresponding Business Loan Agreement), without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by Lender, all proceeds ▇▇▇▇ ▇▇▇, all proceeds from any ny disposition of the Collateral (for whatever reason, other than in the ordinary course of Grantor’s business ) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to LenderLender .

Transactions Involving Collateral. Except Other than as expressly --------------------------------- provided in the Loan Agreement, except for inventory sold or accounts collected in the ordinary course of Grantor's business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of ▇▇▇▇▇▇▇Grantor's business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement and or under the Intercreditor Agreement (as such term is defined in the corresponding Business Loan Agreement), without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by ▇▇▇▇▇▇Lender, all proceeds from any disposition of the Collateral (for whatever reason, other than in the ordinary course of Grantor’s business ) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Grantor's ’s business, or as otherwise provided for in this Agreement or in Section 5.2(a) of the Note Purchase Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’s business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest as provided for in this Agreement and the Intercreditor Agreement (as such term is defined in the corresponding Business Loan Agreement), without the prior written consent of Lenderthe Collateral Agent. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by ▇▇▇▇▇▇the Collateral Agent, all proceeds from any disposition of the Collateral (for whatever reason, other than in the ordinary course of Grantor’s business ) shall be held in trust for Lender the Collateral Agent and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender the Collateral Agent to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lenderthe Collateral Agent.

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Grantor's business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify quality as a buyer in the ordinary course of business. FORM OF COMMERCIAL SECURITY AGREEMENT A sale in the ordinary course of ▇▇▇▇▇▇▇Grantor's business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement and the Intercreditor Agreement (as such term is defined in the corresponding Business Loan Agreement), without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by ▇▇▇▇▇▇Lender, all proceeds from any disposition of the Collateral (for whatever reason, other than in the ordinary course of Grantor’s business ) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, receipt Grantor shall immediately deliver any such proceeds to Lender.

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Grantor's Grantor`s business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of ▇▇▇▇▇▇▇'s Grantor`s business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement and the Intercreditor Agreement (as such term is defined in the corresponding Business Loan Agreement), without the prior written consent of Lender. This includes security interests even if it junior in right to the security interests granted under this Agreement. Unless waived by ▇▇▇▇▇▇Lender, all proceeds from any disposition of the Collateral (for whatever reason, other than in the ordinary course of Grantor’s business ) shall be held in trust for fur Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

Transactions Involving Collateral. Except for inventory sold or accounts collected in the ordinary course of Grantor's Grantor ’s business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of ▇▇▇▇▇▇▇'s Grantor ’s business does not include a transfer in partial par tial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security secur ity interest provided for in this Agreement and the Intercreditor Agreement (as such term is defined in the corresponding Business Loan Agreement), without the prior written ▇▇ ▇▇▇▇▇ consent of Lender. This includes security secur ity interests even if junior in right r ight to the security secur ity interests granted under this Agreement. Unless waived by ▇▇▇▇▇▇Lender , all proceeds from any disposition of the Collateral (( for whatever reason, other than in the ordinary course of Grantor’s business ) shall be held in trust for Lender and shall not be commingled with commingledwith any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.