Common use of Sale of Equipment Clause in Contracts

Sale of Equipment. In addition to the remedies set forth in Section 12.2, if any Lease Event of Default shall occur, Agent or Lessor may, but are not required to, sell the Equipment or any portion thereof in one or more sales. Lessor or Agent may purchase all or any part of the Equipment at such sale. Lessee acknowledges that sales for cash or on credit to a wholesaler, retailer or user of such Equipment, or at public or private auction, are all commercially reasonable. Any notice required by law of intended disposition by Lessor or Agent shall be deemed reasonably and properly given if given at least 10 days before such disposition.

Sale of Equipment. In addition to the remedies set forth in Section 12.2, if any Lease Event of Default shall occur, occur Agent or Lessor may, but are not required to, sell the Equipment or any portion thereof in one or more sales. Lessor or Agent may purchase all or any part of the Equipment at such sale. Lessee acknowledges that sales for cash or on credit to a wholesaler, retailer or user of such Equipment, or at public or private auction, are all commercially reasonable. Any notice required by law of intended disposition by Lessor or Agent shall be deemed reasonably and properly given if given at least 10 days before such disposition.

Sale of Equipment. In addition to the remedies set forth in Section 12.2SECTION 10.2, if any Lease Event of Default shall occur, Agent or Lessor may, but are is not required to, sell the Equipment or any portion thereof in one or more sales. Any Holder or Lessor or Agent may purchase all or any part of the Equipment at such sale. Lessee acknowledges that sales for cash or on credit to a wholesaler, retailer or user of such Equipment, or at public or private auction, are all commercially reasonable. Any notice required by law of intended disposition by Lessor or Agent shall be deemed reasonably and properly given if given at least 10 days before such disposition.