Common use of Remedies; Disposition of the Collateral Clause in Contracts

Remedies; Disposition of the Collateral. Any Collateral repossessed by the Security Agent under or pursuant to Section 7.l and any other Collateral, whether or not so repossessed by the Security Agent, may, to the extent permitted by any contract terms governing such Collateral, be sold, leased or otherwise disposed of under one or more contracts or as an entirety, and without the necessity of gathering at the place of sale the property to be sold, and in general in such manner, at such time or times, at such place or places and on such terms (whether cash or credit, and in the case of credit, without assumption of future credit risk) as the Security Agent may, in compliance with applicable requirements of Law, determine to be commercially reasonable. Any of the Collateral may be sold, leased or otherwise disposed of, in the condition in which the same existed when taken by the Security Agent or after any overhaul or repair which the Security Agent shall determine to be commercially reasonable. Any such disposition shall be made upon not less than 15 days written notice to the Steam Lessee specifying the time such disposition is to be made and, if such disposition shall be a public sale, specifying the place of such sale. Any such sale may be adjourned by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the and place to which it was so adjourned. To the extent permitted by applicable requirements of Law, the Security Agent (or the Owner Trustee or GE Capital) may bid for and become the buyer of the Collateral or any item thereof offered for sale at a public auction without accountability to the Steam Lessee (except to the extent of surplus money received as provided in Section 7.4)

Remedies; Disposition of the Collateral. Any Collateral repossessed by the Security Agent Secured Party under or pursuant to Section 7.l 7.01, and any other Collateral, Collateral whether or not so repossessed by the Security AgentSecured Party, may, to the extent permitted by any contract terms governing such Collateral, may be sold, assigned, leased or otherwise disposed of under one or more contracts or as an entirety, and without the necessity of gathering at the place of sale the property to be sold, and in general in such manner, at such time or times, at such place or places and on such terms (whether cash or credit, and in the case of credit, without assumption of future credit risk) as the Security Agent Secured Party may, upon written direction in compliance with all applicable requirements of Lawlaw, determine to be commercially reasonable. Any of the Collateral may be sold, leased or otherwise disposed of, in the condition in which the same existed when taken by the Security Agent Secured Party or after any overhaul or repair which the Security Agent Secured Party shall determine to be commercially reasonable. Any such disposition which shall be a private sale or other private proceeding permitted by such requirements shall be made upon not less than 15 days ten days' written notice to the Steam Lessee Debtor specifying the time at which such disposition is to be made and, if such disposition shall be a public sale, specifying and the place of such sale. Any such intended sale may be adjourned by announcement at the time and place fixed price or other consideration therefor, and shall be subject, for the ten days after the giving of such sale may, without further notice, be made to the right of the Debtor or any nominee of the Debtor to acquire the Collateral involved at a price or for such other consideration at least equal to the and place to which it was intended sale price or other consideration so adjournedspecified. To the extent permitted by applicable all requirements of Lawlaw, the Security Agent (or the Owner Trustee or GE Capital) Secured Party may bid for and become the buyer purchaser of the Collateral or any item thereof thereof, offered for sale at in accordance with this Section 7.02. If, under any applicable law, the Secured Party shall be required to make disposition of the Collateral within a public auction without accountability period of time which does not permit the giving of notice to the Steam Lessee (except to Debtor as hereinabove specified, the extent Secured Party shall give the Debtor only such notice of surplus money received disposition as provided shall be reasonably practicable in Section 7.4)view of such applicable law.

Remedies; Disposition of the Collateral. Any Collateral repossessed by the Security Agent under or pursuant to Section 7.l and any other Collateral, whether or not so repossessed by the Security Agent, may, to the extent permitted by any contract terms governing such Collateral, be sold, leased or otherwise disposed of under one or more contracts or as an entirety, and without the necessity of gathering at the place of sale the property to be sold, and in general in such manner, at such time or times, at such place or places and on such terms (whether cash or credit, and in the case of credit, without assumption of future credit risk) as the Security Agent may, in compliance with applicable requirements of Law, determine to be commercially reasonable. Any of the Collateral may be sold, leased or otherwise disposed of, in the condition in which the same existed when taken by the Security Agent or after any overhaul or repair which the Security Agent shall determine to be commercially reasonable. Any such disposition shall be made upon not less than 15 days 10 days' written notice to the Steam Lessee Partnership specifying the time such disposition is to be made and, if such disposition shall be a public sale, specifying the place of such sale. Any such sale may be adjourned by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. To the extent permitted by applicable requirements of Law, the Security Agent (or the Owner Trustee or GE Capital) may bid for and become the buyer of the Collateral or any item thereof offered for sale at a public auction without accountability to the Steam Lessee Partnership (except to the extent of surplus money received as provided in Section 7.4).

Remedies; Disposition of the Collateral. Any Collateral repossessed by the Security Agent under or pursuant to Section 7.l 7.1 and any other Collateral, whether or not so repossessed by the Security Agent, may, to the extent permitted by any contract terms governing such Collateral, be sold, leased or otherwise disposed of under one or more contracts or as an entirety, and without the necessity of gathering at the place of sale the property to be sold, and in general in such manner, at such time or times, at such place or places and on such terms (whether cash or credit, and in the case of credit, without assumption of future credit risk) as the Security Agent may, in compliance with applicable requirements of Law, determine to be commercially reasonable. Any of the Collateral may be sold, leased or otherwise disposed of, in the condition in which the same existed when taken by the Security Agent or after any overhaul or repair which the Security Agent shall determine to be commercially reasonable. Any such disposition shall be made upon not less than 15 days 10 days' written notice to the Steam Lessee specifying Partnership specify ing the time such disposition is to be made and, if such disposition shall be a public sale, specifying the place of such sale. Any such sale may be adjourned by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. To the extent permitted by applicable requirements of Law, the Security Agent (or the Owner Trustee or Trustee, GE Capital, the Indenture Trustee, the Administrative Agent or any Loan Participant) may bid for and become the buyer of the Collateral or any item thereof offered for sale at a public auction without accountability to the Steam Lessee Partnership (except to the extent of surplus money received as provided in Section 7.4).

Remedies; Disposition of the Collateral. Any Collateral repossessed by the Security Agent under or pursuant to Section 7.l 7.1 and any other Collateral, whether or not so repossessed by the Security Agent, may, to the extent permitted by any contract terms governing such Collateral, be sold, leased or otherwise disposed of under one or more contracts or as an entirety, and without the necessity of gathering at the place of sale the property to be sold, and in general in such manner, at such time or times, at such place or places and on such terms (whether cash or credit, and in the case of credit, without assumption of future credit risk) as the Security Agent may, in compliance with applicable requirements of Law, determine to be commercially reasonable. Any of the Collateral may be sold, leased or otherwise disposed of, in the condition in which the same existed when taken by the Security Agent or after any overhaul or repair which the Security Agent shall determine to be commercially reasonable. Any such disposition shall be made upon not less than 15 days written notice to the Steam Lessee specifying the time such disposition is to be made and, if such disposition shall be a public sale, specifying the place of such sale. Any such sale may be adjourned by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. To the extent permitted by applicable requirements of Law, the Security Agent (or the Owner Trustee, GE Capital, the Administrative Agent, the Indenture Trustee or GE Capitalany Holder) may bid for and become the buyer of the Collateral or any item thereof offered for sale at a public auction without accountability to the Steam Lessee (except to the extent of surplus money received as provided in Section 7.4).