Disposition of Pledged Collateral. Upon the written request by the Administrative Agent after the occurrence and during the continuance of an Event of Default:
(a) Each Pledgor agrees, promptly and at its own expense, to assemble any or all of the Pledged Collateral and make it available to the Administrative Agent.
(b) The Administrative Agent will be entitled to sell the Pledged Collateral on any commercially reasonable terms, and each Pledgor agrees that a private sale or a sale on extended payment terms, or in exchange for property, stock or other consideration will not in and of itself be deemed to be commercially unreasonable. The Pledged Collateral may be sold in one lot as an entirety or in separate parcels. Any Secured Party may purchase any or all of the Pledged Collateral sold at any public sale and, to the extent permitted by applicable law, may purchase any or all of the Pledged Collateral sold at any private sale, including by a credit bid.
(c) The Administrative Agent may restrict the prospective bidders or purchasers at any sale as to their number, nature of business, financial or business expertise, net worth or financial resources and investment intention or on the basis of any other factors that are commercially reasonable.
(d) Each Pledgor expressly agrees that the Administrative Agent need not give more than 10 days’ prior written notice to such Pledgor of the time and place of any public sale of Pledged Collateral or of the time after which a private sale of the Pledged Collateral may take place, and that such notice will constitute reasonable notice under all circumstances. The Administrative Agent will not be obligated to hold any sale pursuant to any such notice and may, without notice or publication, adjourn any public or private sale by announcement at the time and place fixed for such sale, and a subsequent sale may be held at the time and place designated in such announcement without further notice or publication. To the extent permitted by applicable law, each Pledgor irrevocably waives any right it may have to make a demand of performance or other demand, advertisement, judicial hearing or notice to it or any other Person in connection with the collection, sale or other disposition of, or realization upon, any or all of the Pledged Collateral.
(e) The Administrative Agent may settle, pay or discharge any or all taxes, Liens, claims and other charges with respect to the Pledged Collateral. All sums expended by the Administrative Agent pursuant to this Section 3...
Disposition of Pledged Collateral. No Pledgor shall surrender or lose possession of (other than to the Administrative Agent or, with the prior consent of the Administrative Agent, to a depositary or financial intermediary), exchange, sell, convey, assign or otherwise dispose of or transfer the Pledged Collateral or any right, title or interest therein, except as permitted under the Credit Agreement.
Disposition of Pledged Collateral. Not make or permit to be made any sale, transfer or other disposition of any of the Pledged Collateral or grant any option, warrant or other right or interest with respect to, any of the Pledged Collateral.
Disposition of Pledged Collateral. Not make or permit to be made any sale, transfer or other disposition of any of the Pledged Collateral or grant any option, warrant or other right or interest with respect to, any of the Pledged Collateral, except with the prior written consent of the Pledgee.
Disposition of Pledged Collateral. Except as otherwise specifically permitted by the Loan Documents, such Pledgor shall not sell, assign, convey, transfer (by operation of law or otherwise) or otherwise dispose of, or grant any option or warrant with respect to, or consent to the sale, assignment, conveyance, transfer or other disposition of, or grant of any option or warrant with respect to, any of the Pledged Collateral. Following a sale or transfer that is permitted by the Loan Documents of the Pledged Collateral by such Pledgor, such Pledgor shall cause the purchaser or transferee to promptly deliver to Secured Party all certificates representing such person’s Pledged Collateral together with any instruments of transfer or endorsements requested by Secured Party. Upon receipt of such items, Secured Party shall return to such Pledgor any Pledged Collateral (and instruments of transfer or endorsement) in its possession that is subject to such sale or transfer.
Disposition of Pledged Collateral. The Borrower will not surrender or lose possession of (other than to the Lender or, with the prior consent of the Lender, to a depositary or financial intermediary), exchange, sell, convey, assign or otherwise dispose of or transfer the Pledged Collateral or any right, title or interest therein, except as permitted under the Facility Agreement; provided, however, that no such disposition or transfer by the Borrower of any Pledged Collateral shall be permitted while any Event of Default exists.
Disposition of Pledged Collateral. To the extent not prohibited by applicable law, after the occurrence and during the continuance of an Equipment Return Default or an election by CCT Shanghai under Section 2.3 of each of the Technical Services Agreements,
(a) Upon the written request of CCT Shanghai, each Pledgor shall promptly and at its own expense assemble any or all of the Pledged Collateral owned by it and not in the possession of such Pledgor, and make it available to CCT Shanghai, at any place designated in writing by CCT Shanghai which is reasonably convenient to such Pledgor and CCT Shanghai.
(b) CCT Shanghai may retain ownership in or will be entitled to sell the Pledged Collateral at public or private sale with or without having any or all of the Pledged Collateral at the place of sale, upon terms, in such manner, at such time or times, and at such place or places as CCT Shanghai may determine to be commercially reasonable, and each Pledgor agrees that a private sale or a sale on extended payment terms, or in exchange for property, stock or other consideration will not for such reason alone be deemed to be commercially unreasonable. The Pledged Collateral may be sold in one lot as an entirety or in separate parcels. Pledgors are expressly authorized to grant, with or without compensation, options to purchase or acquire rights in the Pledged Collateral. CCT Shanghai may purchase any or all of the Pledged Collateral sold at any public sale and, to the extent not prohibited by applicable law, may purchase any or all of the Pledged Collateral sold at any private sale, including by a credit bid. Each Pledgor and CCLX irrevocably consent to the sale of any or all of the Pledged Collateral by CCT Shanghai.
(c) CCT Shanghai may, in its sole discretion, restrict the prospective bidders or purchasers at any sale as to their number, nature of business, financial or business expertise, net worth or financial resources and investment intention or on the basis of any other factors CCT Shanghai deems advisable. Any sale of the Pledged Collateral may be subject to the requirement that any purchase of all or any part of the Pledged Collateral must be for the purpose of investment and without any intention to make a distribution thereof.
(d) CCT Shanghai expressly agrees that it shall give at least ten days’ notice to the Pledgors of the time and place of any public sale of Pledged Collateral or of the time after which a private sale of Pledged Collateral may take place, and that such notice will...
Disposition of Pledged Collateral. Except as permitted by the Credit Agreement, the Grantor will not surrender or lose possession of (other than to the Collateral Agent or, with the prior consent of the Collateral Agent, to a depositary or financial intermediary), exchange, sell, convey, assign or otherwise dispose of or transfer the Pledged Collateral or any right, title or interest therein.
Disposition of Pledged Collateral. Pledgor shall not, sell, convey or otherwise dispose of any of the Pledged Collateral or any interest therein, or create, incur or permit to exist any pledge, mortgage, lien, charge, encumbrance or any security interest whatsoever in or with respect to any of the Pledged Collateral or the proceeds thereof, other than in favor of the Pledgee. During the term of this Agreement, all of the Pledged Collateral shall be maintained at, with and under the control of the Pledgee for the benefit of the Payees.
Disposition of Pledged Collateral. No Debtor shall sell, lease, assign, transfer or otherwise dispose of any Pledged Collateral, except as expressly permitted by the Credit Agreement.
