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Common use of Right to Liquidate Clause in Contracts

Right to Liquidate. The Parties acknowledge and agree that Buyer’s right to liquidate Purchased Assets delivered to it in connection with Transactions hereunder or to exercise any other remedies pursuant to Articles 10 and 11 and as otherwise provided in the Repurchase Documents is a contractual right to liquidate such Transactions as described in Section 555, 559 and 561 of the Bankruptcy Code.

Appears in 3 contracts

Samples: Master Repurchase and Securities Contract (NorthStar Real Estate Income Trust, Inc.), Master Repurchase and Securities Contract (Resource Capital Corp.), Master Repurchase and Securities Contract (Northstar Realty Finance Corp.)

Right to Liquidate. The Parties acknowledge and agree that BuyerAgent’s right to liquidate the Purchased Assets Asset delivered to it in connection with Transactions the Transaction hereunder or to exercise any other remedies pursuant to Articles 10 and 11 and as otherwise provided in the Repurchase Documents is a contractual right to liquidate such Transactions the Transaction as described in Section 555, 559 and 561 of the Bankruptcy Code.

Appears in 1 contract

Samples: Master Repurchase and Securities Contract (Blackstone Mortgage Trust, Inc.)