Foreclosure of Collateral. Upon the earlier of (a) the end of the Forbearance Period or (b) the occurrence of a Default, the Bank shall have the right to foreclose, sell, lease or otherwise dispose of the Collateral in accordance with the terms of the Loan Documents, this Agreement, and applicable law. The Company hereby consents and agrees to such foreclosure, sale, lease or other disposition of the Collateral by the Bank, its agents, or its designees. The Company hereby waives, renounces and forever relinquishes all right to notice prior to disposition of the Collateral required by the Loan Documents or applicable law.
Appears in 5 contracts
Samples: Fourth Forbearance Agreement and Fifth Amendment to Credit Agreement, Fifth Forbearance Agreement and Sixth Amendment to Credit Agreement (Bioanalytical Systems Inc), Fourth Forbearance Agreement and Fifth Amendment to Credit Agreement (Bioanalytical Systems Inc)
Foreclosure of Collateral. Upon the earlier of (a) the end of the Forbearance Period or (b) the occurrence of a Default, the Bank shall have the right to foreclose, sell, lease or otherwise dispose of the Collateral Collateral, all in accordance with the terms of the Loan Documents, this Agreement, and applicable law. The Company hereby consents and agrees to such foreclosure, sale, lease or other disposition of the Collateral by the Bank, its agentsagent, or its designeesdesignee. The Company hereby waives, renounces and forever relinquishes all right to notice prior to disposition of the Collateral required by the Loan Documents or applicable law.
Appears in 1 contract
Samples: Forbearance Agreement and Second Amendment to Credit Agreement (Bioanalytical Systems Inc)
