Buy-Sell. (a) Following foreclosure of the Pledged Interests by the Administrative Agent, pursuant to the Security Agreement, on as much of the Pledged Interests as Administrative Agent may foreclose on expeditiously and without opposition in accordance with the provisions of the Security Agreement, or, at the Administrative Agent’s election, following an Event of Default under the Loan Agreement and concurrently with the Administrative Agent’s exercise of remedies under the Security Agreement, Administrative Agent may exercise at any time the rights set forth in this Agreement. (For purposes of this Agreement, “foreclosure” shall include any transfer in lieu of foreclosure.)
Appears in 9 contracts
Samples: Buy Sell Agreement (Preferred Apartment Communities Inc), Buy Sell Agreement (Preferred Apartment Communities Inc), Buy Sell Agreement (Preferred Apartment Communities Inc)
