Common use of Conduct of Sale Clause in Contracts

Conduct of Sale. Upon giving written notice of default to Debtor pursuant to the terms of this Agreement, Creditor may sell as much of the Collateral as is required to produce net funds sufficient to pay Creditor the full amount of the Promissory Note.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Price Legacy Corp), Pledge and Security Agreement (San Diego Revitalization Corp), Pledge and Security Agreement (Price Legacy Corp)

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Conduct of Sale. Upon giving written notice of default to Debtor pursuant to the terms of this Agreement, Creditor may sell as much of the Collateral as is required to produce net funds sufficient to pay Creditor the full amount of the Promissory NoteNote and other secured obligations under paragraph 2 herein.

Appears in 1 contract

Samples: Pledge and Security Agreement (Pricesmart Inc)

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