Common use of Effect of Sale, etc Clause in Contracts

Effect of Sale, etc. (a) Any sale or sales pursuant to the provisions hereof or of any other Credit Document, whether under the power of sale granted hereby or thereby or pursuant to any legal proceedings, shall operate to divest the Issuer of all right, title, interest, claim and demand whatsoever, either at law or in equity, of, in and to the Trust Estate or other Collateral, or any part thereof, so sold, and any Property so sold shall be free and clear of any and all rights of redemption by, through or under the Issuer. At any such sale, the holder of any Note may bid for and purchase the Property sold and may make payment therefor as set forth below, and any Note Holder so purchasing any such Property, upon compliance with the terms of sale may hold, retain and dispose of such Property without further accountability.

Effect of Sale, etc. (a) Any sale or sales pursuant to the provisions hereof or of any other Credit Documentthis Agreement, whether under the any right or power of sale granted hereby or thereby or pursuant to any legal proceedings, shall operate to divest the Issuer Individual Guarantor of all right, title, interest, claim and demand whatsoever, either at law or in equity, of, in and to the Trust Estate or other Collateral, or any part thereof, so sold, and any Property so sold shall be free and clear of any and all rights of redemption by, through or under the Issuersuch Obligor. At any such sale, the holder of sale any Note Lender may bid for and purchase the Property sold and may make payment therefor as set forth belowin clause (b) of this Section 4.04, and any Note Holder such Lender so purchasing any such Property, upon compliance with the terms of sale sale, may hold, retain and dispose of such Property without further accountability.

Effect of Sale, etc. (a) Any sale or sales pursuant to the provisions hereof or of any other Credit Project Document, whether under the power of sale granted hereby or thereby or pursuant to any legal proceedings, shall operate to divest the Issuer of all right, title, interest, claim and demand whatsoever, either at law or in equity, of, in and to the Trust Estate or other Collateral, or any part thereof, so sold, and any Property so sold shall be free and clear of any and all rights of redemption by, through or under the Issuer. At any such sale, the holder of any Note may bid for and purchase the Property sold and may make payment therefor as set forth below, and any Note Holder so purchasing any such Property, upon compliance with the terms of sale may hold, retain and dispose of such Property without further accountability.

Effect of Sale, etc. (a) Any sale or sales pursuant to the provisions hereof or of any other Credit Security Document, whether under the power of sale granted hereby or thereby or pursuant to any legal proceedings, shall operate to divest the Issuer of all right, title, interest, claim and demand whatsoever, either at law or in equity, of, in and to the Trust Estate or other Collateral, or any part thereof, so sold, and any Property so sold shall be free and clear of any and all rights of redemption by, through or under the Issuer. At any such sale, the holder of any Note Owner may bid for and purchase the Property sold and may make payment therefor as set forth below, and any Note Holder Owner so purchasing any such Property, upon compliance with the terms of sale may hold, retain and dispose of such Property without further accountability.