Common use of Notice of Disposition of Collateral; Condition of Collateral Clause in Contracts

Notice of Disposition of Collateral; Condition of Collateral. Notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to the Borrower, addressed as set forth in Section 8.16, at least 10 days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. The Lender shall have no obligation to clean-up or otherwise prepare the Collateral for sale.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Acacia Diversified Holdings, Inc.), Asset Purchase Agreement (Acacia Automotive Inc)

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Notice of Disposition of Collateral; Condition of Collateral. Notice Any notice of the time and place of any public sale or of the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to the BorrowerPledgor, addressed as set forth in Section 8.16Article IX, at least 10 ten days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. The Lender Agent shall have no obligation to clean-up or otherwise prepare the Collateral for sale.

Appears in 1 contract

Samples: Pledge and Security Agreement (Maytag Corp)

Notice of Disposition of Collateral; Condition of Collateral. Notice The Borrower hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable law, any notice made shall be deemed reasonable if sent to the Borrower, addressed as set forth in Section 8.16Article IX, at least 10 ten (10) days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. The Lender shall have no obligation to clean-up or otherwise prepare the Collateral for sale.

Appears in 1 contract

Samples: Credit Agreement (NVR Inc)

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Notice of Disposition of Collateral; Condition of Collateral. Notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to the Borrower, addressed as set forth in Section 8.16, Lessee at least 10 ten (10) days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. The Lender Lessor shall have no obligation to clean-up or otherwise prepare the Collateral for sale.

Appears in 1 contract

Samples: Master Lease Agreement (Williams Companies Inc)

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