Common use of Sale of Pledged Collateral Clause in Contracts

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Collateral Trustee may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative AgentCollateral Trustee’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent Collateral Trustee may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Collateral Trustee shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Collateral Trustee may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent Collateral Trustee in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent Collateral Trustee to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If advance notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with the Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of TexasNew York, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative AgentSecured Party’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem be commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent Secured Party in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be reasonably necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s Secured Party's offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent Secured Party may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 ten (10) days’ ' advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Upon the request of the Secured Party, each Pledgor shall fully cooperate with Administrative Agent Secured Party in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If advance notice is required by law, each Pledgor hereby deems 10 ten (10) days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-time- to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with the Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of TexasNew York, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Upon the occurrence of an Event of Default and during the continuation thereof, without limiting the generality of this Section and without notice, the Collateral Agent, at the direction of the Required Secured Parties, or in its own discretion in accordance with the terms of the Intercreditor Agreement, may sell all or part otherwise dispose of or realize upon the Pledged Collateral Collateral, or any part thereof, in one or more parcels, at public or private sale, at any of the Administrative Agentexchange or broker’s offices board or elsewhere, for cash, at such price or prices and on credit, or for future delivery, and upon such other terms as the Administrative Collateral Agent may deem commercially reasonable reasonable, for cash, credit or for future delivery or otherwise in accordance with applicable lawslaw. To the extent permitted by law, any Lender may in such event, bid for the purchase of such securities. Each Pledgor agrees that that, to the extent permitted notice of sale shall be required by law and has not been waived by such sales may Pledgor, any requirement of reasonable notice shall be made without met if notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of specifying the time and place of any public sale or the time after which any private sale is to be made reasonable notificationmade, recognizing that is personally served on or mailed, postage prepaid, to the Borrower and such Pledgor (if other than the Pledged Collateral threatens to decline speedily Borrower) in value or is accordance with the notice provisions of a type customarily sold on a recognized market shorter notice may be reasonableSection 15 at least 10 days before the time of such sale. The Administrative Collateral Agent shall not be obligated to make any sale of the Pledged Collateral of such Pledgor regardless of notice of sale having been given. The Administrative Collateral Agent may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Collateral Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Collateral Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Collateral Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Collateral Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Collateral Agent may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall cooperate fully cooperate with Administrative the Collateral Agent in all respects in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the federal and state securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative the Collateral Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable and in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 daysten (10) Business Days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with the Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of TexasNew York, and and, other states states, as applicable, and take such actions as may be necessary to permit the Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative AgentSecured Party’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent Secured Party may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 ten (10) days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Upon the request of the Secured Party, each Pledgor shall fully cooperate with Administrative Agent Secured Party in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall cooperate fully cooperate with the Administrative Agent in all respects in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the federal and state securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit the Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws; provided, however, that this provision shall not be construed to require any Pledgor to register any of the Pledged Collateral pursuant to federal or any state securities laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative AgentSecured Party’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent Secured Party may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall cooperate fully cooperate with Administrative Agent Secured Party in all respects in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the applicable securities laws of the United States, the State of Texas[Delaware][Nevada], and other states and take such actions as may be necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s 's offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ ' advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with the Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative AgentSecured Party’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent Secured Party may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall cooperate fully cooperate with Administrative Agent Secured Party in all respects in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas[Delaware][Nevada], and other states and take such actions as may be necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s Secured Party's offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem be commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ seven (7) Business Days' advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall cooperate fully cooperate with Administrative Agent the Secured Party in all respects in selling or realizing upon all or any part of the Pledged CollateralCollateral under this Section 5(c). In addition, each Pledgor shall fully comply with the federal and state securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent the Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws; provided, that Pledgor shall not be required to undertake to register any Pledged Collateral with the Securities and Exchange Commission or any state securities commission.

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If advance notice is required by law, each Pledgor hereby deems 10 ten (10) days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with the Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of TexasNew York, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s Secured Party's offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem be commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ ' advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent Secured Party in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be reasonably necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative AgentSecured Party’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent Secured Party may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 ten (10) days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent Secured Party in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of TexasNew York, and other states and take such actions as may be necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent may sell all or part Subject to the limitations and restrictions on the registration, transfer and exchange of the Pledged Collateral set forth in that certain Trust Indenture dated as of October 1, 2008, by and between the Issuer and Commerce Bank, N.A., as Trustee, upon the occurrence of an Event of Default and during the continuation thereof, without limiting the generality of this Section and without notice (provided Pledgor has notice of default), Lender may, in its sole discretion, subject to the limitations of applicable law, sell or otherwise dispose of or realize upon the Pledged Collateral, or any part thereof, in whole or in part, at public or private sale, at any of the Administrative Agent’s offices such price or elsewhereprices and on such other terms as Lender may deem commercially reasonable, for cash, on credit, credit or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable delivery or otherwise in accordance with applicable lawslaw. Each Pledgor agrees that to To the extent permitted by law law, Lender may in such sales may event bid for the purchase of such Bonds, Pledgor agrees that, to the extent notice of sale shall be made without notice. If notice is required by lawlaw and has not been waived by Pledgor, each Pledgor hereby deems 10 days’ advance any requirement of reasonable notice of shall be met if notice, specifying the time and place of any public sale or the time after which any private sale is to be made reasonable notificationmade, recognizing that if is personally served on or mailed postage prepaid to Pledgor in accordance with the Pledged Collateral threatens to decline speedily in value or is notice provisions of a type customarily sold on a recognized market shorter notice may be reasonablethe Loan Agreement at least 10 days before the time of such sale. The Administrative Agent Lender shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Lender may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative AgentSecured Party’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent Secured Party may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent Secured Party in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s 's offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ ' advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with the Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of TexasNew York, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Collateral Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Collateral Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Collateral Agent may deem commercially reasonable in accordance with applicable lawsLegal Requirements. Each The Collateral Agent shall give the applicable Pledgor ten (10) days advance written notice (which each Pledgor agrees that is reasonable notice within the meaning of Section 9-611 of the UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of the extent permitted by law such sales may be made without Pledged Collateral. Such notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice in the case of a public sale, shall state the time and place for such sale, and in the case of any public a sale at a broker’s board or on a securities exchange, shall state the time after board or exchange at which any private such sale is to be made reasonable notification, recognizing that if and the day on which the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may portion thereof, will first be reasonableoffered for sale at such board or exchange. The Administrative Collateral Agent shall not be obligated to make any sale of the any Pledged Collateral regardless of notice of sale having been given. The Administrative Collateral Agent may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall cooperate fully cooperate with Administrative the Collateral Agent in all respects in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the federal and state securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative the Collateral Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative AgentSecured Party’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem be commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent Secured Party in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be reasonably necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Subject to the mandatory requirements of applicable law, the Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall fully cooperate with Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of TexasNew York, and other states states, and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Subject to the terms of the Intercreditor Agreement, the Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 ten (10) days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall cooperate fully cooperate with the Administrative Agent in all respects in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the federal and state securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit the Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s Secured Party's offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent Secured Party may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Pledgor hereby deems 10 ten (10) days’ ' advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent Secured Party shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent Secured Party may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor shall cooperate fully cooperate with Administrative Agent Secured Party in all respects in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with the securities laws of the United States, the State of Texas[Delaware][Nevada], and other states and take such actions as may be necessary to permit Administrative Agent Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.

Sale of Pledged Collateral. The Administrative Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Administrative Agent’s 's offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable in accordance with applicable laws. Each The Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each the Pledgor hereby deems 10 days’ ' advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Administrative Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time-to-time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each The Pledgor shall fully cooperate with the Administrative Agent in selling or realizing upon all or any part of the Pledged Collateral. In addition, each the Pledgor shall fully comply with the securities laws of the United States, the State of Texas, and other states and take such actions as may be necessary to permit Administrative Agent to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws.