Common use of Effect of Sale Clause in Contracts

Effect of Sale. Subject to Applicable Law, any sale, whether under any power of sale hereby given under this Article 9 or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever, either at law or in equity, of each Loan Party in and to the Property sold, and shall be a perpetual bar, both at law and in equity, against such Loan Party, its successors and assigns, and against any and all Persons claiming the Property sold or any part thereof under, by or through such Loan Party, its successors or assigns. The timing of any foreclosure sale of Collateral shall be deemed reasonable provided that Agent gives at least ten (10) days advance notice of the initial date set for such foreclosure sale.

Effect of Sale. Subject to Applicable Lawapplicable law, any sale, whether under any power of sale hereby given under this Article 9 or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever, either at law or in equity, of each Loan Party Borrower in and to the Property sold, and shall be a perpetual bar, both at law and in equity, against such Loan PartyBorrower, its successors and assigns, and against any and all Persons claiming the Property sold or any part thereof under, by or through such Loan PartyBorrower, its successors or assigns. The timing of any foreclosure sale of Collateral shall be deemed reasonable provided that Agent gives at least ten (10) 10 days advance notice of the initial date set for such foreclosure sale.

Effect of Sale. Subject to Applicable Lawapplicable law, any sale, whether under any power of sale hereby given under this Article 9 or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever, either at law or in equity, of each Loan Party party in and to the Property sold, and shall be a perpetual bar, both at law and in equity, against such Loan Party, its successors and assigns, and against any and all Persons claiming the Property sold or any part thereof under, by or through such Loan Party, its successors or assigns. The timing of any foreclosure sale of Collateral shall be deemed reasonable provided that Agent gives at least ten (10) 10 days advance notice of the initial date set for such foreclosure sale.

Effect of Sale. Subject to Applicable Lawapplicable law, any sale, whether under any power of sale hereby given under this Article 9 or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever, either at law or in equity, of each Loan Party Borrower in and to the Property sold, and shall be a perpetual bar, both at law and in equity, against such Loan PartyBorrower, its successors and assigns, and against any and all Persons claiming the Property sold or any part thereof under, by or through such Loan PartyBorrower, its successors or assigns. The timing of any foreclosure sale of Collateral shall be deemed reasonable provided that Collateral Agent gives at least ten (10) 10 days advance notice of the initial date set for such foreclosure sale.

Effect of Sale. Subject to Applicable Lawapplicable law, any sale, whether under any power of sale hereby given under this Article 9 or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever, either at law or in equity, of each Loan Party Borrowers in and to the Property sold, and shall be a perpetual bar, both at law and in equity, against such Loan PartyBorrowers, its their successors and assigns, and against any and all Persons claiming the Property sold or any part thereof under, by or through such Loan PartyBorrowers, its their successors or assigns. The timing of any foreclosure sale of Collateral shall be deemed reasonable provided that Agent gives at least ten (10) 10 days advance notice of the initial date set for such foreclosure sale.

Effect of Sale. Subject to Applicable Lawapplicable law, any sale, whether under any power of sale hereby given under this Article 9 or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever, either at law or in equity, of each Loan Party in and to the Property sold, and shall be a perpetual bar, both at law and in equity, against such each Loan Party, its respective successors and assigns, and against any and all Persons claiming the Property sold or any part thereof under, by or through such each Loan Party, its respective successors or assigns. The timing of any foreclosure sale of Collateral shall be deemed reasonable provided that Agent gives at least ten (10) 10 days advance notice of the initial date set for such foreclosure sale.