Sale of Security Sample Clauses

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Sale of Security. The Creditor is authorized, in connection with any offer or sale of any Securities forming part of the Collateral, to comply with any limitation or restriction as it may be advised by counsel is necessary to comply with applicable law, including compliance with procedures that may restrict the number of prospective bidders and purchasers, requiring that prospective bidders and purchasers have certain qualifications and restricting prospective bidders and purchasers to Persons who will represent and agree that they are Purchasing for their own account or investment and not with a view to the distribution or resale of such Securities. The Debtor further agrees that compliance with any such limitation or restriction will not result in a sale being considered or deemed not to have been made in a commercially reasonable manner, and the Creditor will not be liable or accountable to the Debtor for any discount allowed by reason of the fact that such Securities are sold in compliance with any such limitation or restriction.

Sale of Security. 62 Exhibit A - Description of Land Exhibit B - Description of Debtor and Secured Party DEED TO SECURE DEBT AND SECURITY AGREEMENT THIS DEED TO SECURE DEBT AND SECURITY AGREEMENT (hereinafter referred to as this "Deed") is made as of the 15th day of December, 1995, by CENTURY PROPERTIES FUND XIX, a California limited partnership whose general partner is Fox Partners II, a California general partnership, having its principal place of business at 0000 Xxxxxxxxx Xxxxx, X.X., Xxxxx 000, Xxxxxxx, Xxxxxxx 00000 (hereinafter referred to as "Grantor"), to CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation having its principal place of business at 000 Xxxxxxx Xxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxxxxx 00000 (hereinafter referred to as "Grantee").

Sale of Security. Notwithstanding the provisions of Section 54, Grantor shall have the right to sell, transfer or assign in whole or in part its interest in the Security to any party (and to have this Deed cancelled in connection therewith) so long as: (a) Subsections (a), (j) and (l) of Section 54 are satisfied; provided, however, that if as a result of such sale the only note remaining outstanding is the Third Note and neither this Deed nor the Second Deed remain outstanding as security for the Third Note, then immediately after such sale, the loan to value ratio as to the Third Note must be no more than 60% and the Debt Service Coverage for the Third Note, based only upon the Third Deed Security, must be at least 1.8. (b) Grantor must prepay the principal amount allocable to the Security as provided in Section 54(h) above, in full in connection with such sale. (c) Grantor must pay a prepayment fee equal to the greater of (i) one percent (1.0%) of the principal amount prepaid or (ii) Yield Maintenance (as defined in the Note). (d) Grantor must provide Grantee with notice of such sale at least sixty (60) days prior to such sale.