Rights to Accept Pledged Collateral in Full or Partial Satisfaction. The Lender shall have the right to accept the Pledged Collateral in full or partial satisfaction of the Pledge Obligations in accordance with the applicable provisions of the Uniform Commercial Code, provided that nothing contained in this Pledge Agreement shall relieve the Lender of any consent, notice or other obligations of a secured party required in connection with the exercise of such remedies.
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Samples: Securities Purchase Agreement (Royal Energy Resources, Inc.), Securities Purchase Agreement (Rhino Resource Partners LP), Securities Purchase Agreement (Royal Energy Resources, Inc.)
Rights to Accept Pledged Collateral in Full or Partial Satisfaction. The Lender Xxxxxx shall have the right to accept the Pledged Collateral in full or partial satisfaction of the Pledge Obligations in accordance with the applicable provisions of the Uniform Commercial Code, provided that nothing contained in this Pledge Agreement shall relieve the Lender Xxxxxx of any consent, notice or other obligations of a secured party required in connection with the exercise of such remedies.
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