Common use of Purchase of Collateral Clause in Contracts

Purchase of Collateral. At any such private or public sale of the Collateral or part thereof, the MSO may purchase and pay for the same by cancellation of such portion of the Obligations, equal to the purchase price and free of any right of redemption on the part of the New PC. the MSO agrees, however, that the New PC shall have all rights, including rights of notice, provided by the Uniform Commercial Code as adopted in the State. In any case where notice is required, five days' notice shall be deemed reasonable notice. In the event of any sale hereunder, the MSO shall apply the proceeds in the order set forth below in Paragraph 6 hereof. the MSO may have resort to the Collateral or any portion thereof with no requirements on the part of the MSO to proceed first against any other person or property.

Purchase of Collateral. At any such private or public sale of the Collateral or part thereof, the MSO may purchase and pay for the same by cancellation of such portion of the Obligations, equal to the purchase price and free of any right of redemption on the part of the New PC. the The MSO agrees, however, that the New PC shall have all rights, including rights of notice, provided by the Uniform Commercial Code as adopted in the State. In any case where notice is required, five days' notice shall be deemed reasonable notice. In the event of any sale hereunder, the MSO shall apply the proceeds in the order set forth below in Paragraph 6 hereof. the The MSO may have resort to the Collateral or any portion thereof with no requirements on the part of the MSO to proceed first against any other person or property.

Purchase of Collateral. At any such private or public sale of the Collateral or part thereof, the MSO may purchase and pay for the same by cancellation of such portion of the Obligations, equal to the purchase price and free of any right of redemption on the part of the New PC. the The MSO agrees, however, that the New PC shall have all rights, including rights of notice, provided by the Uniform Commercial Code as adopted in the State. In any case where notice is required, five days' notice shall be deemed reasonable notice. In the event of any sale hereunder, the MSO shall apply the proceeds in the order set forth below in Paragraph 6 hereof. the The MSO may have resort to the Collateral or any portion thereof with no requirements on the part of the MSO to proceed first against any other person or property.

Purchase of Collateral. At any such private or public sale of the Collateral or part thereof, the MSO may purchase and pay for the same by cancellation of such portion of the Obligations, Obligations equal to the purchase price and free of any right of redemption on the part of the New PC. the The MSO agrees, however, that the New PC shall have all rights, including rights of notice, provided by the Uniform Commercial Code as adopted in the State. In any case where notice is required, five days' notice shall be deemed reasonable notice. In the event of any sale hereunder, the MSO shall apply the proceeds in the order set forth below in Paragraph 6 hereof. the The MSO may have resort to the Collateral or any portion thereof with no requirements on the part of the MSO to proceed first against any other person or property.

Purchase of Collateral. At any such private or public sale of the Collateral or part thereof, the MSO may purchase and pay for the same by cancellation of such portion of the Obligations, equal to the purchase price and free of any right of redemption on the part of the New PC. the MSO agrees, however, that the New PC shall have all rights, including rights of notice, provided by the Uniform Commercial Code as adopted in the State. In any case where notice is required, five days' notice shall be deemed reasonable notice. In the event of any sale hereunder, the MSO shall apply the proceeds in the order set forth below in Paragraph 6 hereof. the The MSO may have resort to the Collateral or any portion thereof with no requirements on the part of the MSO to proceed first against any other person or property.

Purchase of Collateral. At any such private or public sale of the Collateral or part thereof, the MSO may purchase and pay for the same by cancellation of such portion of the Obligations, equal to the purchase price and free of any right of redemption on the part of the New PC. the The MSO agrees, however, that the New PC shall have all rights, including rights of notice, provided by the Uniform Commercial Code as adopted in the State. In any case where notice is required, five days' notice shall be deemed reasonable notice. In the event of any sale hereunder, the MSO shall apply the proceeds in the order set forth below in Paragraph 6 hereof. the The MSO may have resort to the Collateral or any portion thereof with no requirements on the part of the MSO to proceed first against any other person or property.