Common use of Rights of the Investor Clause in Contracts

Rights of the Investor. 8.12.1 Upon the occurrence and continuance of an event of default the Investor may require VMN to assemble the Collateral and make it available to the Investor at the place to be designated by the Investor which is reasonably convenient to both parties. The Investor may sell all or any part of the Collateral as reasonably necessary to satisfy VMN's obligations hereunder to Investor, as a whole or in parcels wither by public auction, private sale, or any other reasonable method of disposition. Nothing in this Section 8.12.1 shall be construed to limit any other of Investor's rights in connection with any and all of the Collateral as provided herein. The Investor may bid at any public sale on all or any portion of the Collateral. Unless the Collateral is perishable or threatens to rapidly decline in value or is of the type customarily sold on a recognized market, the Investor shall give VMN reasonable notice of the time and place of any public sale, or of the time after which any private sale or other disposition of the Collateral is to be made, and notice given at least 10 days before the time of the sale or other disposition shall be conclusively presumed to be reasonable. A public sale in the following fashion shall be conclusively presumed to be reasonable: 8.12.2 Notice shall be given at least 10 days before the date of sale by mail to VMN and publication once in a newspaper of general circulation published in the county in which the sale is to be held; 8.12.3 The sale shall be held in a county in which the Collateral or any part is located or in a county in which VMN has a place of business; 8.12.4 Payment shall be in cash or by certified check immediately following the close of the sale; 8.12.5 The sale shall be by auction, but it need not be by a professional auctioneer; and 8.12.6 The Collateral may be sold as is and without any preparation for sale.

Rights of the Investor. 8.12.1 8.10.1. Upon the occurrence and continuance of an event Event of default Default the Investor may require VMN CDA to assemble the Collateral and make it available to the Investor at the place to be designated by the Investor which is reasonably convenient to both partiesParties. The Investor may sell all or any part of the Collateral or Stock Collateral as reasonably necessary to satisfy VMN's CDA’s obligations hereunder to Investor, as a whole or in parcels wither whether by public auction, private sale, or any other reasonable method of disposition. Nothing in this Section 8.12.1 shall be construed to limit any other of Investor's ’s rights in connection with any and all of the Collateral or the Stock Collateral as provided herein. The Investor may bid at any public sale on all or any portion of the Collateral. Unless the Collateral is perishable or threatens to rapidly decline in value or is of the type customarily sold on a recognized market, the Investor shall give VMN CDA reasonable notice of the time and place of any public sale, or of the time after which any private sale or other disposition of the Collateral is to be made, and notice given at least 10 days before the time of the sale or other disposition shall be conclusively presumed to be reasonable. A public sale in the following fashion shall be conclusively presumed to be reasonable: 8.12.2 8.10.2. Notice shall be given at least 10 days before the date of sale by mail to VMN CDA and publication once in a newspaper of general circulation published in the county in which the sale is to be held; 8.12.3 8.10.3. The sale shall be held in a county in which the Collateral or any part is located or in a county in which VMN CDA has a place of business; 8.12.4 8.10.4. Payment shall be in cash or by certified check immediately following the close of the sale; 8.12.5 8.10.5. The sale shall be by auction, but it need not be by a professional auctioneer; and 8.12.6 8.10.6. The Collateral may be sold as is and without any preparation for sale.

Rights of the Investor. 8.12.1 9.15.1 Upon the occurrence and continuance of an event of default the Investor may require VMN Xxxxxxxx to assemble the Collateral and make it available to the Investor at the place to be designated by the Investor which is reasonably convenient to both parties. The Investor may sell all or any part of the Collateral as reasonably necessary to satisfy VMN's Xxxxxxxx'x obligations hereunder herunder to Investor, as a whole or in parcels wither either by public auction, private sale, or any other reasonable method of disposition. Nothing in this Section 8.12.1 10.15.1 shall be construed to limit any other of Investor's rights in connection with any and all of the Collateral as provided herein. The Investor may bid at any public sale on all or any portion of the Collateral. Unless the Collateral is perishable or threatens to rapidly decline in value or is of the type customarily sold on a recognized market, the Investor shall give VMN Xxxxxxxx reasonable notice of the time and place of any public sale, or of the time after which any private sale or other disposition of the Collateral is to be made, and notice given at least 10 days before the time of the sale or other disposition shall be conclusively presumed to be reasonable. A public sale in the following fashion shall be conclusively presumed to be reasonable: 8.12.2 9.15.2 Notice shall be given at least 10 days before the date of sale by mail to VMN and publication once in a newspaper of general circulation published in the county in which the sale is to be held; 8.12.3 9.15.3 The sale shall be held in a county in which the Collateral or any part is located or in a county in which VMN Xxxxxxxx has a place of business; 8.12.4 9.15.4 Payment shall be in cash or by certified check immediately following the close of the sale; 8.12.5 9.15.5 The sale shall be by auction, but it need not be by a professional auctioneer; and; 8.12.6 9.15.6 The Collateral may be sold as is and without any preparation for sale.