Common use of Use and Disposition of Collateral Clause in Contracts

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02

Appears in 29 contracts

Sources: Security Agreement (Advance Auto Parts Inc), Credit Agreement (Northwestern Steel & Wire Co), Security Agreement (Telemundo Holding Inc)

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.026.03

Appears in 3 contracts

Sources: Canadian Security Agreement (Pliant Corp), Security Agreement (Huntsman Packaging of Canada LLC), Domestic Security Agreement (Pliant Corp)

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02the Loan Documents. None of the Grantors shall make or permit to be made any transfer of the Collateral owned by it, except to the extent permitted by the terms of the Credit Agreement.

Appears in 3 contracts

Sources: Second Lien Term Loan and Guaranty Agreement, Second Lien Term Loan and Guaranty Agreement (Delta Air Lines Inc /De/), First Lien Revolving Credit and Guaranty Agreement (Delta Air Lines Inc /De/)

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.026.2

Appears in 2 contracts

Sources: Security Agreement, Security Agreement (GameStop Corp.)

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the CollateralCollateral or shall grant control (as defined in the UCC) of any Collateral to any third person, except as expressly permitted by Section 6.02

Appears in 2 contracts

Sources: Security Agreement (Marsh Supermarkets Inc), Security Agreement (Marsh Supermarkets Inc)

Use and Disposition of Collateral. None of the Grantors The Grantor shall not make or permit to be made an assignment, pledge or hypothecation of the Collateral or nor shall it grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02

Appears in 2 contracts

Sources: Credit Agreement (Tel Save Holdings Inc), Security Agreement (Tel Save Holdings Inc)

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignmentassignment for security, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02Collateral other than Liens securing the Obligations and Permitted Liens.

Appears in 2 contracts

Sources: Security Agreement (Polymer Group Inc), Security Agreement (Polymer Group Inc)

Use and Disposition of Collateral. None of the Subsidiary Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02

Appears in 1 contract

Sources: Shared Collateral Security Agreement (Allied Waste North America Inc/De/)

Use and Disposition of Collateral. None of the Grantors --------------------------------- shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted with respect to such Collateral by Section 6.02

Appears in 1 contract

Sources: Credit Agreement (Ixl Enterprises Inc)

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.026.3

Appears in 1 contract

Sources: Security Agreement (Huntsman Packaging Corp)

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.026.01

Appears in 1 contract

Sources: Security Agreement (Fleming Companies Inc /Ok/)

Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, in either case except (i) with respect to the Grantor Collateral, Prior Inventory Liens and Permitted Collateral Liens, (ii) with respect to Issuer Collateral, Permitted Collateral Liens and (iii) as expressly otherwise permitted by Section 6.02herein or in the Indenture.

Appears in 1 contract

Sources: Security Agreement (DT Credit Company, LLC)

Use and Disposition of Collateral. None of the Grantors --------------------------------- shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02

Appears in 1 contract

Sources: Security Agreement (Kansas City Southern Industries Inc)