Common use of Transfer or Encumbrance Clause in Contracts

Transfer or Encumbrance. Debtor will not (i) sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral or (ii) grant a lien or se▇▇▇▇▇▇ ▇▇▇▇▇est in or execute, file or record any financing statement or other security instrument with respect to the Collateral to any party other than Secured Party except with respect to the Permitted Liens, except for (A) sales of inventory and equipment in the ordinary course of business.

Appears in 2 contracts

Sources: Security Agreement (Temtex Industries Inc), Security Agreement (Temtex Industries Inc)

Transfer or Encumbrance. Debtor will not (i) sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral Collateral, or (ii) grant a lien or se▇▇▇▇▇▇ ▇▇▇▇▇est ▇ or security interest in or execute, file or record any financing statement or other security instrument with respect to the Collateral to any party other than Secured Party except with respect to the Permitted Liens, except for (A) sales of inventory and equipment in the ordinary course of businessEncumbrances.

Appears in 2 contracts

Sources: Loan and Security Agreement (Dawson Geophysical Co), Loan and Security Agreement (TGC Industries Inc)

Transfer or Encumbrance. Debtor will not (i) sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral or except in the ordinary course of business, (ii) grant a lien or se▇▇▇▇▇▇ ▇▇▇▇▇est ▇ or security interest in or execute, file or record any financing statement or other security instrument with respect to the Collateral, or (iii) deliver actual or constructive possession of any of the Collateral to any party other than Secured Party except with respect to the Permitted Liens, except Lender or a Servicing Agent who is acting in its capacity as special limited agent for (A) sales of inventory Debtor on such terms and equipment in the ordinary course of businessconditions as are approved by Lender.

Appears in 2 contracts

Sources: Loan and Security Agreement (Legacy Housing Corp), Loan and Security Agreement (Legacy Housing Corp)

Transfer or Encumbrance. Except in the ordinary course of the Debtor's business, Debtor will not (i) sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral or Collateral, (ii) grant a lien or se▇▇▇▇▇▇ ▇▇▇▇▇est ▇ or security interest in or execute, authorize, file or record any financing statement or other security instrument with respect to the Collateral to any party other than Secured Party except with respect Party, or (iii) deliver actual or constructive possession of any of the Collateral to the Permitted Liens, except for (A) sales of inventory and equipment in the ordinary course of businessany party other than Secured Party.

Appears in 1 contract

Sources: Credit and Security Agreement (Isecuretrac Corp)

Transfer or Encumbrance. Debtor will not (i) sell, assign (by ----------------------- operation of law or otherwise), transfer, exchange, lease ) or otherwise dispose of transfer Debtor's rights in any of the Collateral or Collateral, (ii) grant a lien or se▇▇▇▇▇▇ ▇▇▇▇▇est ▇ or security interest in or execute, file or record any financing statement or other security instrument with respect to the Collateral to any party Parties other than Secured Party except with respect Parties, or (iii) deliver actual or constructive possession of any certificate, instrument or document evidencing and/or representing any of the Collateral to the Permitted Liens, except for (A) sales of inventory and equipment in the ordinary course of businessany Parties other than Secured Parties.

Appears in 1 contract

Sources: Pledge Agreement (Aviation Group Inc)

Transfer or Encumbrance. Debtor will not (i) sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral or Collateral, (ii) grant a lien or se▇▇▇▇▇▇ ▇▇▇▇▇est ▇ or security interest in or execute, file or record any financing statement or other security instrument with respect to the Collateral other than the Permitted Encumbrances, or (iii) deliver actual or constructive possession of any of the Collateral to any party other than Secured Party except with respect to the Permitted Liens, except for (A) sales of inventory and equipment in the ordinary course of businessLender.

Appears in 1 contract

Sources: Loan and Security Agreement (Atsi Communications Inc/De)