Common use of Transfer Collateral Clause in Contracts

Transfer Collateral. Assign, transfer or convey any of its right, title and interest in the Collateral, other than (i) sales of inventory in the ordinary course of business or (ii) expenditures of cash or other Collateral to pay ordinary operating expenses as and when incurred or (iii) dispositions of obsolete items of de minimis value in the ordinary course of business.

Transfer Collateral. Assign, transfer or convey any of its right, title and interest in the Collateral, other than (i) sales of inventory in the ordinary course of business or business, (ii) expenditures or dispositions of cash or other Collateral to acquire business assets at commercially reasonable prices, and (iii) expenditures of cash or other Collateral to pay ordinary operating expenses as and when incurred or (iii) dispositions of obsolete items of de minimis value in the ordinary course of businessincurred.