Notice of Sale of Collateral. The Indenture Trustee will notify each Noteholder and the Depositor of a sale under Section 5.6(a)(iii) above and Section 6.1 of the Master Collateral Agreement at least fifteen (15) days before the sale. A Noteholder, the Depositor or the Servicer may submit a bid during the sale.
Notice of Sale of Collateral. Borrower shall not sell, transfer or otherwise convey any of the Collateral (as hereinafter defined) other than in the ordinary course of business without Xxxxxx’s prior written consent, which shall not be unreasonably withheld, delayed or conditioned. In the event that Borrower desires to sell all or any portion of the Collateral, Borrower shall provide to Lender ten (10) business days advance written notice of said sale with a copy of the proposed sale contract and a written request for Xxxxxx’s approval of such transaction. Nothing set forth in this paragraph shall be construed to restrict Borrower’s ability to sell tangible personal property so long as such tangible personal property is replaced within a reasonable period of time by similar tangible personal property of comparable value, or the sale of such tangible personal property does not have a material adverse effect on the Borrower’s business operations or if said sale is in the ordinary course of business.
Notice of Sale of Collateral. The Company acknowledges and agrees that Mortgage Loans and Mortgage-backed Securities are property of a type customarily sold on a recognized market, and that accordingly the Agent may (a) sell or otherwise dispose of the Collateral without notification, advertisement, or other notice of any kind, and (b) purchase the Collateral at a private sale thereof. To the extent notice of sale or other disposition of any of the Collateral is required by law, it is agreed that notice sent or given not less than ten (10) calendar days prior to the taking of the action to which the notice relates is reasonable notification and notice of the purposes of this Section 16. All notices and other communications provided for in this Security Agreement shall be given to the parties at their respective addresses described in Section 19.
