Common use of Sale of Charged Property Clause in Contracts

Sale of Charged Property. The Trustee, to the greatest extent permitted by applicable law, may elect to sell the Charged property after giving such prior notices as may be required by law in which event (i) the sale may be made with legal warranty given by the Grantor or with complete or partial exclusion of such warranty; (ii) the sale may be made cash or with a term or under such reasonable conditions determined by the Trustee; and (iii) upon failure of payment of the purchase price, the Trustee may resiliate or resolve such sale and such Charged property may then be resold.

Sale of Charged Property. The Trustee, to the greatest extent permitted by applicable law, Trustee may elect to sell the Charged property Property after giving such prior notices as may be required by law in which event (i) law; the sale may be made with legal warranty given by the Grantor or with complete or partial exclusion of such warranty; (ii) the sale may also be made for cash or with a term or under such reasonable conditions determined by the Trustee; and (iii) upon failure of payment of the purchase price, the Trustee may resiliate or resolve such sale and such Charged property Property may then be resold.