Common use of Rights of Purchasers Clause in Contracts

Rights of Purchasers. Upon any sale of the Collateral (whether public or private), the Agent shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the Agent) at any such sale shall hold the Collateral so sold absolutely, free from any claim or right of whatever kind, including any equity or right of redemption of the Debtor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any right to redeem the Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 14 contracts

Samples: Security Agreement (Hagler Bailly Inc), Security Agreement (Hagler Bailly Inc), Security Agreement (Hagler Bailly Inc)

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Rights of Purchasers. Upon any sale of the Collateral (whether -------------------- public or private), the Agent Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the AgentLender) at any such sale shall hold the Collateral so sold absolutely, free from any claim or right of whatever kind, including any equity or right of redemption of the Debtor whoLessee, and Lessee, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any the right to redeem the Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 2 contracts

Samples: Security Agreement (Apple Hospitality Two Inc), Security Agreement (Apple Hospitality Two Inc)

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Rights of Purchasers. Upon any sale of the Collateral (whether public or private), the Agent Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the AgentLender) at any such sale shall hold the Collateral so sold absolutely, free from any claim or right of whatever kind, including any equity or right of redemption of the Debtor whoBorrower, and Borrower, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any the right to redeem the Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 2 contracts

Samples: Security Agreement (Janus American Group Inc), Second Security Agreement (Janus American Group Inc)

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