Common use of Rights of Purchasers Clause in Contracts

Rights of Purchasers. Upon any sale of the Collateral (whether public or private), the Seller shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the Seller) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of the Buyer, and the Buyer, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, 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 (Doughties Foods Inc), Guaranty Agreement (Natural Gas Services Group Inc)

AutoNDA by SimpleDocs

Rights of Purchasers. Upon any sale of the Collateral (whether public or private)) consistent with the terms of this Agreement, the Seller Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the SellerLender) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of the Buyer, and the Buyer, Debtor to the extent permitted by law, . The Debtor hereby specifically waives all rights of redemption, including, without limitation, the right to redeem the Collateral under Section 9-506 623 of the UCC, and any right to a judicial or other stay or approval which that it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Post Petition Loan and Security Agreement

Rights of Purchasers. Upon any sale of the Collateral -------------------- (whether public or private), the Seller Agent shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the SellerAgent and the other Secured Parties) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of the Buyerany Grantor, and the Buyereach Grantor, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, including the right to redeem the Collateral under Section (S) 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 1 contract

Samples: Pledge and Security Agreement (Firearms Training Systems Inc)

Rights of Purchasers. Upon any sale of the Pledged Collateral (whether public or private), the Seller Provider shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the SellerProvider) 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 Buyer, and the BuyerPledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the any right to redeem the Pledged 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 1 contract

Samples: Membership Interest Pledge Agreement (Summer Energy Holdings Inc)

Rights of Purchasers. Upon any sale of the Pledged -------------------- Collateral (whether public or private), ) the Seller Bank shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the SellerBank) 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 Buyer, and the BuyerPledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the any right to redeem the Pledged Collateral under Section 98.9-506 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 1 contract

Samples: Stock Pledge Agreement (Hadron Inc)

Rights of Purchasers. Upon any sale of the Collateral (whether public or private), the Seller Provider shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the SellerProvider) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of the BuyerClient, and the BuyerClient, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the right to redeem the Collateral under Section Sections 9-506 623 and 9-624 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 1 contract

Samples: Security Agreement (Summer Energy Holdings Inc)

AutoNDA by SimpleDocs

Rights of Purchasers. Upon any sale of the Collateral (whether public or private), the Seller Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the SellerLender) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of the BuyerOperating Tenant, and the BuyerOperating Tenant, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, 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 1 contract

Samples: Security Agreement (Moody National REIT I, Inc.)

Rights of Purchasers. Upon any sale of the Collateral (whether public or private)) consistent with the terms of this Agreement, the Seller Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the SellerLender) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of the Buyer, and the Buyer, Debtor to the extent permitted by law, . The Debtor hereby specifically waives all rights of redemption, including, without limitation, including the right to redeem the Collateral under Section 9-506 623 of the UCC, and any right to a judicial or other stay or approval which that it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Post Petition Loan and Security Agreement

Rights of Purchasers. Upon any sale of the Collateral (whether public or private), the Seller Agent shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the SellerAgent and the other Secured Parties) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of the Buyerany Pledgor, and the Buyereach Pledgor, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, including the right to redeem the Collateral under Section ss. 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 1 contract

Samples: Pledge and Security Agreement (Kendle International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!