Commercially Reasonable Disposition of Collateral. Any disposition of any collateral securing the Guaranteed Obligations shall be deemed commercially reasonable if, in the written opinion of three (3) commercial loan officers with three (3) or more years of workout experience each, the manner of the disposition was not inconsistent with the manner in which such commercial loan officers would have handled the disposition.
Appears in 5 contracts
Samples: Guaranty and Security Agreement (Jones Soda Co), Guaranty and Security Agreement (Jones Soda Co), Guaranty and Security Agreement (Jones Soda Co)
Commercially Reasonable Disposition of Collateral. Any disposition of any collateral securing the Guaranteed Guarantied Obligations shall be deemed commercially reasonable if, in the written opinion of three (3) commercial loan officers with three (3) or more years of workout experience each, and which are not in the employ of Creditor, the manner of the disposition was not inconsistent with the manner in which such commercial loan officers would have handled the disposition.
Appears in 2 contracts
Samples: Business Loan, Guaranty, and Security Agreement (Amphitrite Digital Inc), Business Loan, Guaranty, and Security Agreement (Amphitrite Digital Inc)
Commercially Reasonable Disposition of Collateral. Any disposition of any collateral securing the Guaranteed Obligations shall be deemed commercially reasonable if, in the written opinion of three (3) commercial loan officers with three (3) or more years of workout experience each, the manner of the disposition was not inconsistent with the manner in which such commercial loan officers would have handled the disposition.
Appears in 1 contract
Samples: Guaranty and Security Agreement (Biozone Pharmaceuticals, Inc.)
