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 Obligation in such order and manner as Bank shall, in its discretion, choose.

Appears in 8 contracts

Samples: Pledge Agreement (Intelligent Systems Corp), Pledge Agreement (Inspire Insurance Solutions Inc), Pledge Agreement (Wyly Samuel Evans)

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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 and deliver all proceeds thereof to Bankthe Collateral Agent, and apply all proceeds to the payment of any or all of the Obligation Obligations in such order and manner as Bank the Lenders shall, in its their discretion, choose.

Appears in 1 contract

Samples: Pledge Agreement (DWG Acquisition Group L P)

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