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.

Appears in 3 contracts

Samples: Stock Pledge Agreement, Stock Pledge Agreement (Claymont Steel Holdings, Inc.), Stock Pledge Agreement (CitiSteel PA, Inc.)

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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.

Appears in 2 contracts

Samples: Pledge Agreement (Industrial Services of America Inc /Fl), Pledge Agreement (Industrial Services of America Inc /Fl)

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Commercially Reasonable Disposition. Without precluding any other methods of sale, the sale of the Pledged CollateralCollateral contemplated by Section 6.1, 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 the Secured Parties may sell or otherwise dispose of the Pledged Collateral without assuming any credit risk and without any obligation to advertise.

Appears in 1 contract

Samples: Pledge Agreement (PreCheck Health Services, Inc.)

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