Common use of Transfers of Pledged Collateral Clause in Contracts

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.

Appears in 3 contracts

Sources: Security Agreement (Nephros Inc), Security Agreement (Nephros Inc), Security Agreement (Nephros Inc)