Common use of Required Notice of Sale Clause in Contracts

Required Notice of Sale. In exercising its rights, powers and remedies as secured party, the Secured Party agrees to give the Borrower five (5) days notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. The Borrower agrees that such period and notice is commercially reasonable under the circumstances.

Appears in 5 contracts

Samples: Master Business Lease Financing Agreement (Eroom System Technologies Inc), Master Business Lease Financing Agreement (Eroom System Technologies Inc), Master Business Lease Financing Agreement (Eroom System Technologies Inc)

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Required Notice of Sale. In exercising its rights, powers and remedies as secured party, the Secured Party agrees to give the Borrower five (5) days ten days' notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. The Borrower agrees that such period and notice is commercially reasonable under the circumstances.

Appears in 1 contract

Samples: Security Agreement (Fidelity Holdings Inc)

Required Notice of Sale. In exercising its rights, powers and remedies as secured party, the Secured Party agrees to give the Borrower five (5) days notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. The Borrower agrees that such period and notice is commercially reasonable under the circumstances.

Appears in 1 contract

Samples: Pledge and Security Agreement (Main Street & Main Inc)

Required Notice of Sale. In exercising its rights, powers and remedies as secured party, the Secured Party agrees to give the Borrower five (5) days Debtor 10 days' notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. The Borrower Debtor agrees that such period and notice is commercially reasonable under the circumstances.

Appears in 1 contract

Samples: Security Agreement (Interfoods of America Inc)

Required Notice of Sale. In exercising its rights, powers and ----------------------- remedies as a secured party, the Secured Party agrees to give the Borrower five ten (510) days days' notice of the time and place of any public sale of Collateral or of the time after which any private sale of Properties or Collateral may take place, unless the such Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. The Borrower agrees that such period and notice is commercially reasonable under the circumstances.

Appears in 1 contract

Samples: Loan and Security Agreement (Discovery Investments Inc)

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Required Notice of Sale. In exercising its rights, powers and remedies ----------------------- as secured party, the Secured Party agrees to give the Borrower five Debtor ten (510) days days' notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. The Borrower Debtor agrees that such period and notice is commercially reasonable under the circumstances.

Appears in 1 contract

Samples: Collateral Security Agreement (Ampex Corp /De/)

Required Notice of Sale. In exercising its rights, powers and remedies as secured party, the Secured Party agrees to give the Borrower five ten (510) days notice of the time and place of any public sale of Collateral or of the time after which any private sale of Collateral may take place, unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. The Borrower agrees that such period and notice is commercially reasonable under the circumstances.

Appears in 1 contract

Samples: Loan and Security Agreement (Ich Corp /De/)

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