Common use of Rights of Purchasers Clause in Contracts

Rights of Purchasers. Upon any sale of the Pledged Collateral (whether public or private), the Pledgee shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the Pledgee) 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 Pledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any right to redeem the Pledged Collateral under Section 8.9-5 06 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: Guaranty Agreement (Natural Gas Services Group Inc)

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Rights of Purchasers. Upon any sale of the Pledged Collateral (whether public or private), ) the Pledgee Secured Party shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the PledgeeSecured Party) at any such sale shall hold the Pledged Collateral so sold absolutely, free from any claim or right of whatever any kind, including any equity or right of redemption of the Pledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any right to redeem the Pledged Collateral under Section 8.9-5 06 506 of the UCC, and any right to a judicial or other stay or approval which it the Pledgor has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Pledge and Security Agreement (Spurlock Industries Inc)

Rights of Purchasers. Upon any sale of the Pledged Collateral (whether public or private), the Pledgee Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the PledgeeLender) at any such sale shall hold the Pledged Collateral so sold absolutely, free from any claim or right of whatever kind, including any equity or right of redemption of the Pledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any right to redeem the Pledged Collateral under Section 8.99-5 06 506 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: Credit Agreement (Hooker Funiture Corp Employee Stock Ownership Plan Trust)

Rights of Purchasers. Upon any sale of the Pledged -------------------- Collateral (whether public or private), the Pledgee Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the PledgeeLender) at any such sale shall hold the Pledged Collateral so sold absolutely, free from any claim or right of whatever kind, including any equity or right of redemption of the Pledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any right to redeem the Pledged Collateral under Section 8.99-5 06 506 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: Credit Agreement (Hooker Furniture Corp)

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Rights of Purchasers. Upon any sale of the Pledged Collateral (whether public or private), the Pledgee Secured Party shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the PledgeeSecured Party) 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 Pledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any right to redeem the Pledged Collateral under Section 8.9-5 06 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: Second Lien Membership Interest Pledge Agreement (Summer Energy Holdings Inc)

Rights of Purchasers. Upon any sale of the Pledged Collateral (whether public or private), ) the Pledgee Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the PledgeeLender) at any such sale shall hold the Pledged Collateral so sold absolutely, free from any claim or right of whatever any kind, including any equity or right of redemption of the Pledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, any right to redeem the Pledged Collateral under Section 8.9-5 06 506 of the UCC, and any right to a judicial or other stay or approval which it the Pledgor has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Securities Pledge Agreement (TFC Enterprises Inc)

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