Notice, Etc. In any case where notice of sale is required, ten (10) days notice shall be deemed reasonable notice. Collateral Agent may have resort to the Collateral or any portion thereof with no requirement on the part of Collateral Agent to proceed first against any other Person (as defined in the Long Term Notes) or property.
Appears in 4 contracts
Samples: Security Agreement (Microtel International Inc), Pledge and Security Agreement (Microtel International Inc), Security Agreement (Microtel International Inc)
Notice, Etc. In any case where notice of sale is required, ten (10) days notice shall be deemed reasonable notice. Subject to the Subordination Agreements, Collateral Agent may have resort to the Collateral or any portion thereof with no requirement on the part of Collateral Agent to proceed first against any other Person (as defined in the Long Term Subordinated Contingent Notes) or property.
Appears in 2 contracts
Samples: All Assets Debenture (EMRISE Corp), Security Agreement (Emrise CORP)
Notice, Etc. In any case where notice of sale is required, ten (10) days notice shall be deemed reasonable notice. Subject to the Subordination Agreement, Collateral Agent may have resort to the Collateral or any portion thereof with no requirement on the part of Collateral Agent to proceed first against any other Person (as defined in the Long Term Subordinated Contingent Notes) or property.
Appears in 1 contract
Samples: Security Agreement (Emrise CORP)
Notice, Etc. In any case where notice of sale is required, ten (10) days days’ notice shall be deemed reasonable notice. Collateral Agent may have resort to the Pledged Collateral or any portion thereof with no requirement on the part of Collateral Agent to proceed first against any other Person (as defined in the Long Term Notes) or property.
Appears in 1 contract