Common use of Liquidation of Collateral Clause in Contracts

Liquidation of Collateral. Sell, or instruct any Agent or Broker to sell, all or any part of the Collateral in a public or private sale, direct any Agent or Broker to liquidate all or any part of any Account and deliver all proceeds thereof to Bank, and apply all proceeds to the payment of any or all of the Obligations in such order and manner as Bank shall, in its discretion, choose, or exercise any remedy provided for in Section F or G hereof, in the Loan Agreement or in the Note.

Appears in 2 contracts

Samples: Pledge Agreement (Independent Bank Group, Inc.), Pledge Agreement (Independent Bank Group Inc)

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Liquidation of Collateral. Sell, or instruct any Agent agent or Broker broker to sell, all or any part of the Collateral in a public or private sale, direct any Agent agent or Broker broker to liquidate all or any part of any Account account and deliver all proceeds thereof to BankLender, and apply all proceeds to the payment of any or all of the Obligations Indebtedness in such order and manner as Bank Lender shall, in its discretion, choose, choose or exercise any remedy provided hold such proceeds as additional Collateral for in Section F or G hereof, in the Loan Agreement or in the NoteIndebtedness.

Appears in 2 contracts

Samples: Pledge Agreement (Blue Dolphin Energy Co), Pledge Agreement (Blue Dolphin Energy Co)

Liquidation of Collateral. Sell, or instruct any Agent or Broker to sell, all or any part of the Collateral in a public or private sale, direct any Agent or Broker to liquidate all or any part of any Account and deliver all proceeds thereof to Bank, and apply all proceeds to the payment of any or all of the Obligations in such order and manner as Bank shall, in its discretion, choose, or exercise any remedy provided for in Section F or G hereofG, in the Loan Agreement or in the Note.

Appears in 1 contract

Samples: Pledge Agreement (Independent Bank Group, Inc.)

Liquidation of Collateral. Sell, or instruct any Agent or Broker to sell, all or any part of the Collateral in a public or private sale, direct any Agent or Broker to liquidate all or any part of any Account and deliver all proceeds thereof to Bank, Bank and apply all proceeds to the payment of any or all of the Obligations Obligation in such order and manner as Bank shall, in its discretion, choose, or exercise any remedy provided for in Section F or G hereof, in the Loan Agreement or in the Note.

Appears in 1 contract

Samples: Pledge Agreement (Kanders Florida Holdings Inc)

Liquidation of Collateral. Sell, or instruct any Agent agent or Broker broker to sell, all or any part of the Collateral (as defined in Section 2 of the Pledge Agreement) in a public or private sale, direct any Agent agent or Broker broker to liquidate all or any part of any Account account and deliver all proceeds thereof to BankObligee, and apply all proceeds to the payment of any or all other satisfaction of the Obligations in such order and manner as Bank Obligee shall, in its discretion, choose, or exercise any remedy provided for in Section F or G hereof, in the Loan Agreement or in the Note.

Appears in 1 contract

Samples: Repayment Agreement (Tatham Thomas P)

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Liquidation of Collateral. Sell, or instruct any Agent or Broker to sell, all or any part of the Collateral in a public or private sale, direct any Agent or Broker to liquidate all or any part of any Account and deliver all proceeds thereof hereof to Bank, and apply all proceeds to the payment of any or all of the Obligations Obligation in such order and manner as Bank shall, in its discretion, choose, or exercise any remedy provided for in Section F or G hereof, in the Loan Agreement or in the Note.

Appears in 1 contract

Samples: Pledge Agreement

Liquidation of Collateral. Sell, or instruct any Agent agent or Broker broker to sell, all or any part of the Collateral in a public or private sale, direct any Agent agent or Broker broker to liquidate all or any part of any Account account and deliver all proceeds thereof to BankLender, and apply all proceeds to the payment of any or all of the Obligations Indebtedness in such order and manner as Bank Lender shall, in its discretion, choose, choose or exercise any remedy provided hold such proceeds as additional Collateral for in Section F or G hereof, in the Loan Agreement or Indebtedness. Lender shall have all rights with respect to the Collateral as set forth in the Note.

Appears in 1 contract

Samples: Pledge and Control Agreement (United eSystems, Inc.)

Liquidation of Collateral. Sell, or instruct any Agent or Broker to sell, all or any part of the Collateral in a public or private sale, direct any Agent or Broker to liquidate all or any part of any Account and deliver all proceeds thereof to Bank, and apply all proceeds to the payment of any or all of the Obligations Obligation in such order and manner as Bank shall, in its discretion, choose, or exercise any remedy provided for in Section F or G hereof, in the Loan Agreement or in the Note.. Approved: 05/01/96 Revised: 05/28/96

Appears in 1 contract

Samples: Pledge Agreement (Closure Medical Corp)

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