Transfers of Pledged Collateral Sample Clauses
The "Transfers of Pledged Collateral" clause governs the conditions under which collateral that has been pledged as security for an obligation may be transferred by the secured party. Typically, this clause outlines the rights of the secured party to transfer, assign, or otherwise deal with the pledged assets, often without the consent of the pledgor, especially in the event of default. For example, it may allow a lender to sell or re-pledge securities or other assets provided as collateral if the borrower fails to meet their obligations. The core function of this clause is to provide flexibility and protection to the secured party, ensuring they can realize the value of the collateral or manage their risk efficiently in case of non-performance by the pledgor.
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Transfers of Pledged Collateral. The Pledgors shall not be restricted from selling, licensing or otherwise transferring any Pledged Collateral (and upon any sale or other transfer, the applicable Pledged Collateral will be released from the Liens thereon to the extent set forth in Section 11.4 hereof).
Transfers of Pledged Collateral. No Pledgor shall sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral pledged by it hereunder except as permitted by the Credit Agreement.
Transfers of Pledged Collateral. 30 ARTICLE IX REMEDIES
Transfers of Pledged Collateral. The Pledgor shall not sell, convey, assign, transfer or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral pledged by it hereunder, or agree to do or undertake any of the foregoing, or permit or cause any Issuer or any other Person to do or undertake any of the foregoing, except in favor of the Secured Party as provided for herein and as otherwise permitted under the Loan Agreement and the Gold and Silver Supply Agreement.
Transfers of Pledged Collateral. Each Grantor shall not sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral pledged by it hereunder except to the extent expressly permitted by the Loan Documents.
Transfers of Pledged Collateral. 29 ARTICLE IX REMEDIES
SECTION 9.1. Remedies......................................................29 SECTION 9.2.
Transfers of Pledged Collateral. 29 ARTICLE IX REMEDIES
SECTION 9.1. REMEDIES....................................................30 SECTION 9.2.
Transfers of Pledged Collateral. The Company shall not sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral pledged by it hereunder except in the ordinary course of business.
Transfers of Pledged Collateral. 31 ARTICLE IX REMEDIES
SECTION 9.1. REMEDIES.....................................................31 SECTION 9.2. NOTICE OF SALE...............................................33 SECTION 9.3. WAIVER OF NOTICE AND CLAIMS..................................33 SECTION 9.4.
Transfers of Pledged Collateral. Subject to the requirements of the Intercreditor Agreement, the Pledgor shall not sell, convey, assign, transfer or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral pledged by it hereunder, or agree to do or undertake any of the foregoing, or permit or cause any Issuer or any other Person to do or undertake any of the foregoing, except in favor of the Administrative Agent as provided for herein, the Revolver Agent as provided for in the Revolver Pledge Agreement, and as otherwise permitted under the Credit Agreement and pursuant to the terms of the Intercreditor Agreement.