Common use of Commercially Reasonable Disposition Clause in Contracts

Commercially Reasonable Disposition. Without precluding any other methods of sale, the sale of the Pledged Collateral, or any part thereof, shall have been made in a commercially reasonable manner if conducted in conformity with reasonable commercial practices of banks or finance companies disposing of similar property, but in any event, Collateral Agent may sell or otherwise dispose of the Pledged Collateral without assuming any credit risk and without any obligation to advertise.

Commercially Reasonable Disposition. Without precluding any other methods of sale, the sale of the Pledged Collateral, or any part thereof, shall have been made in a commercially reasonable manner if conducted in conformity with reasonable commercial practices of banks Agent or finance companies disposing of similar property, but in any event, Collateral Agent may sell or otherwise dispose of the Pledged Collateral without assuming any credit risk and without any obligation to advertiseProperty.