RECITALS CONCLUSIVE; WARRANTY; RATIFICATION. Recitals contained in any assignment or bill of sale to any purchaser at any sale made hereunder will conclusxxxxy establish, as between the parties to such assignment or bill of sale, the truth and accuracy of the matters therein stated, ixxxxding, without limitation, nonpayment of the unpaid principal sum of, and the interest accrued on, the written instruments constituting part or all of the Obligations after the same have become due and payable, nonpayment of any other of the Obligations, or advertisement and conduct of the sale in the manner provided herein. Secured Party will have authority to appoint an attorney-in-fact to act in conducting any foreclosure sale and executing assignments and bills of sale. All assignments and bills of sale may contain a general warranty of title from the grantor. Pledgor and ICI ratify and confirm all legal acts that Secured Party may do in accordance with this Security Agreement.
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Samples: Security Agreement for Receivables Backed Borrowing (Intelect Communications Inc), Security Agreement for Inventory Backed Borrowing (Intelect Communications Inc)
RECITALS CONCLUSIVE; WARRANTY; RATIFICATION. Recitals contained in any assignment or bill of sale to any purchaser at any xxx sale made hereunder will conclusxxxxy conclusively establish, as between the parties to such assignment or bill of sale, the truth and accuracy accuxxxx of the matters therein stated, ixxxxdingincluding, without limitation, nonpayment of the unpaid principal sum of, and the interest accrued on, the written instruments constituting part or all of the Obligations after the same have become due and payable, nonpayment of any other of the Obligations, or advertisement and conduct of the sale in the manner provided herein. Secured Party will have authority to appoint an attorney-in-fact to act in conducting any foreclosure sale and executing assignments and bills of sale. All assignments and bills of sale may contain a general warranty of title from the grantor. Pledgor ratifies and ICI ratify and confirm confirms all legal acts that Secured Party may do in accordance with this Security Pledge Agreement.
Appears in 1 contract
RECITALS CONCLUSIVE; WARRANTY; RATIFICATION. Recitals contained in any assignment or bill of sale to any purchaser at any sale made hereunder will conclusxxxxy establish, as between the parties to such assignment or bill of sale, the truth and accuracy of the matters therein stated, ixxxxding, without limitation, nonpayment of the unpaid principal sum of, and the interest accrued on, the written instruments constituting part or all of the Obligations after the same have become due and payable, nonpayment of any other of the Obligations, or advertisement and conduct of the sale in the manner provided herein. Secured Party will have authority to appoint an attorney-in-fact to act in conducting any foreclosure sale and executing assignments and bills of sale. All assignments and bills of sale may contain a general warranty of title from the grantor. Pledgor ratifies and ICI ratify and confirm confirms all legal acts that Secured Party may do in accordance with this Security Pledge Agreement.
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Samples: Borrower Pledge Agreement (Intelect Communications Inc)
RECITALS CONCLUSIVE; WARRANTY; RATIFICATION. Recitals contained in any assignment or bill of xx sale to any purchaser at any sale made hereunder will conclusxxxxy conclusively establish, as between the parties to such assignment or bill of xx sale, the truth and accuracy of the matters therein stated, ixxxxdingincluding, without limitation, nonpayment of the unpaid principal sum of, and the interest accrued on, the written instruments constituting part or all of the Obligations after the same have become due and payable, nonpayment of any other of the Obligations, or advertisement and conduct of the sale in the manner provided herein. Secured Party will have authority to appoint an attorney-in-fact to act in conducting any foreclosure sale and executing assignments and bills of sale. All assignments and bills of sale may contain a general warranty of title from the grantor. Pledgor ratifies and ICI ratify and confirm confirms all legal acts that Secured Party may do in accordance with this Security Pledge Agreement.
Appears in 1 contract
Samples: Borrower Pledge Agreement (Intelect Communications Systems LTD)
RECITALS CONCLUSIVE; WARRANTY; RATIFICATION. Recitals contained in any assignment or bill of xx sale to any purchaser at any sale made hereunder will conclusxxxxy conclusively establish, as between the parties to such assignment or bill of xx sale, the truth and accuracy of the matters therein stated, ixxxxdingincluding, without limitation, nonpayment of the unpaid principal sum of, and the interest accrued on, the written instruments constituting part or all of the Obligations after the same have become due and payable, nonpayment of any other of the Obligations, or advertisement and conduct of the sale in the manner provided herein. Secured Party will have authority to appoint an attorney-in-fact to act in conducting any foreclosure sale and executing assignments and bills of sale. All assignments and bills of sale may contain a general warranty of title from the grantor. Pledgor and ICI Borrower ratify and confirm all legal acts that Secured Party may do in accordance with this Security Agreement.
Appears in 1 contract
Samples: Security and Pledge Agreement (Intelect Communications Inc)