Common use of Marshalling of Assets Clause in Contracts

Marshalling of Assets. Borrower hereby waives, to the extent permitted by law, the benefit of all appraisal, valuation, stay, extension, reinstatement and redemption laws now in force and those hereafter in force and all rights of marshalling in the event of any sale hereunder of the Collateral or any part or any interest therein.

Appears in 14 contracts

Samples: Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Computer Software Innovations Inc), Loan and Security Agreement (Adam Inc)

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Marshalling of Assets. Borrower hereby waives, to To the extent permitted by law, Borrower waives the benefit benefits of (i) all existing and future appraisal, homestead, valuation, stay, extension, reinstatement reinstatement, and redemption laws now in force relating to the Collateral; and those hereafter in force and all rights (ii) any legal or equitable doctrine or principle of marshalling in the event of any sale hereunder of the Collateral or any part or any interest thereinmarshalling.

Appears in 3 contracts

Samples: Commercial Loan Agreement (Ballantyne Strong, Inc.), Business/Commercial Loan Agreement (Investors Title Co), Construction Loan Agreement (CNL Growth Properties, Inc.)

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