Common use of Transfer or Pledge of Collateral Clause in Contracts

Transfer or Pledge of Collateral. Such Credit Party will not, and will not, directly or indirectly, permit any of the Guarantors to, sell, transfer, lease, or grant a mortgage, Lien, pledge in, or otherwise convey or hypothecate, any of the Collateral or any part thereof or any interest therein to the extent prohibited by this Agreement or the other Financing Documents.

Transfer or Pledge of Collateral. Such Credit Party will not, and will not, directly or indirectly, permit any of the Guarantors to, sell, transfer, lease, or grant a mortgage, Lienlien, pledge in, or otherwise convey or hypothecate, any of the Collateral or any part thereof or any interest therein except to the extent prohibited expressly permitted by this Agreement or the other Financing Documents.