Common use of Postponement of Sale Clause in Contracts

Postponement of Sale. Any sale of the Collateral conducted under this Article V may be postponed from time to time as provided by applicable law; or, in the absence of any such provisions, Secured Party may postpone the sale of the Collateral or any part thereof by public announcement at the time and place of such sale, and from time to time thereafter may further postpone such sale by public announcement made at the time of sale fixed by the preceding postponement. Sale of a part of the Collateral will not exhaust the power of sale, and sales may be made from time to time until all Collateral is sold or the Obligations are paid in full.

Appears in 5 contracts

Samples: Financing Statement and Fixture Filing (Recovery Energy, Inc.), And Fixture Filing (Recovery Energy, Inc.), And Fixture Filing (Recovery Energy, Inc.)

AutoNDA by SimpleDocs

Postponement of Sale. Any sale of the Collateral conducted under this Article ARTICLE V may be postponed from time to time as provided by applicable law; or, in the absence of any such provisions, Secured Party may postpone the sale of the Collateral or any part thereof by public announcement at the time and place of such sale, and from time to time thereafter may further postpone such sale by public announcement made at the time of sale fixed by the preceding postponement. Sale of a part of the Collateral will not exhaust the power of sale, and sales may be made from time to time until all Collateral is sold or the Obligations are paid in full.

Appears in 3 contracts

Samples: Mortgage, Security Agreement (Lilis Energy, Inc.), Mortgage, Security Agreement (Recovery Energy, Inc.), Mortgage, Security Agreement (Recovery Energy, Inc.)

AutoNDA by SimpleDocs

Postponement of Sale. Any sale of the Collateral conducted under this Article V 5 may be postponed from time to time as provided by applicable law; or, in the absence of any such provisions, Secured Party may postpone the sale of the Collateral or any part thereof by public announcement at the time and place of such sale, and from time to time thereafter may further postpone such sale by public announcement made at the time of sale fixed by the preceding postponement. Sale of a part of the Collateral will not exhaust the power of sale, and sales may be made from time to time until all Collateral is sold or the Obligations are paid in full.

Appears in 1 contract

Samples: Loan Agreement (Synergy Resources Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!