Common use of Transactions similar to security Clause in Contracts

Transactions similar to security. (a) The Borrower shall not, without the prior consent of the Bank: (i) sell, transfer or otherwise dispose of any of its assets on terms whereby it is or may be leased to or re-acquired or acquired by a member of the Group or any of its related entities; or (ii) sell, transfer or otherwise dispose of any of its receivables on recourse terms, except for the discounting of bills or notes in the ordinary course of trading, in circumstances where the transaction is entered into primarily as a method of raising finance. (b) Paragraph (a) does not apply to Permitted Security Interests.