Common use of Sale of Stock Collateral Clause in Contracts

Sale of Stock Collateral. Xx xxx xxent of any disposition of the Stock ------------------------ Collateral as provided in clause (c) of (S).7.1, the Agent shall give to the Company at least five Business Days prior written notice of the time and place of any public sale of the Stock Collateral or of the time after which any private sale or any other intended disposition is to be made. The Company hereby acknowledges that five Business Days prior written notice of such sale or sales shall be reasonable notice. The Agent may enforce its rights hereunder without any other notice and without compliance with any other condition precedent now or hereunder imposed by statute, rule of law or otherwise (all of which are hereby expressly waived by the Company, to the fullest extent permitted by law). The Agent may buy any part or all of the Stock Collateral at any public sale and if any part or all of the Stock Collateral is of a type customarily sold in a recognized market or is of the type which is the subject of widely-distributed standard price quotations, the Agent may buy at private sale and may make payments thereof by any means. The Agent may apply the cash proceeds actually received from any sale or other disposition to the reasonable expenses of retaking, holding, preparing for sale, selling and the like, to reasonable attorneys' fees, travel and all other expenses which may be incurred by the Agent in attempting to collect the Obligations and of the obligations in respect of the Permitted Debt owing to the CP Holders or to enforce this Agreement or in the prosecution or defense of any action or proceeding related to the subject matter of this Agreement, and then to the Obligations and of the obligations in respect of the Permitted Debt owing to the CP Holders in accordance with this (S).

Sale of Stock Collateral. Xx xxx xxent In the event of any disposition of the Stock ------------------------ Collateral as provided in clause (c) of (S).7.1S)7.1, the Collateral Agent shall give to the Company at least five Business Days prior written notice of the time and place of any public sale of the Stock Collateral or of the time after which any private sale or any other intended disposition is to be made. The Company hereby acknowledges that five Business Days prior written notice of such sale or sales shall be reasonable notice. The Collateral Agent may enforce its rights hereunder without any other notice and without compliance with any other condition precedent now or hereunder imposed by statute, rule of law or otherwise (all of which are hereby expressly waived by the Company, to the fullest extent permitted by law). The Collateral Agent may buy any part or all of the Stock Collateral at any public sale and if any part or all of the Stock Collateral is of a type customarily sold in a recognized market or is of the type which is the subject of widely-distributed standard price quotations, the Collateral Agent may buy at private sale and may make payments thereof by any means. The Collateral Agent may apply the cash proceeds actually received from any sale or other disposition to the reasonable expenses of retaking, holding, preparing for sale, selling and the like, to reasonable attorneys' fees, travel and all other expenses which may be incurred by the Collateral Agent in attempting to collect the Obligations and of the obligations in respect of the Permitted Debt owing to the CP Holders or to enforce this Agreement or in the prosecution or defense of any action or proceeding related to the subject matter of this Agreement, and then to the Obligations and of the obligations in respect of the Permitted Debt owing to the CP Holders in accordance with this (S).

Sale of Stock Collateral. Xx xxx xxent In the event of any disposition of ------------------------ the Stock ------------------------ Collateral as provided in clause (c) of (S).7.1S)7.1, the Agent shall give to the Company Pledgor at least five (5) Business Days prior written notice of the time and place of any public sale of the Stock Collateral or of the time after which any private sale or any other intended disposition is to be made. The Company Pledgor hereby acknowledges that five (5) Business Days prior written notice of such sale or sales shall be reasonable notice. The Agent may enforce its rights hereunder without any other notice and without compliance with any other condition precedent now or hereunder imposed by statute, rule of law or otherwise (all of which are hereby expressly waived by the CompanyPledgor, to the fullest extent permitted by law). The Agent may buy any part or all of the Stock Collateral at any public sale and if any part or all of the Stock Collateral is of a type customarily sold in a recognized market or is of the type which is the subject of widely-widely- distributed standard price quotations, the Agent may buy at private sale and may make payments thereof by any means. The Agent may apply the cash proceeds actually received from any sale or other disposition to the reasonable expenses of retaking, holding, preparing for sale, selling and the like, to reasonable attorneys' fees, travel and all other expenses which may be incurred by the Agent in attempting to collect the Obligations and of the obligations in respect of the Permitted Debt owing to the CP Holders or to enforce this Agreement or in the prosecution or defense of any action or proceeding related to the subject matter of this Agreement, and then to the Obligations in such order or preference as the Agent may determine after proper allowance for Obligations not then due. Only after such applications, and after payment by the Agent of any amount required by (S) 9-504(1)(c) of the obligations in respect Massachusetts UCC, need the Agent account to the Pledgor for any surplus. To the extent that any of the Permitted Debt owing Obligations are to be paid or performed by a person other than the CP Holders in accordance with this Pledgor, the Pledgor waives and agrees not to assert any rights or privileges which it may have under (S).S)9- 112 of the Massachusetts UCC

Sale of Stock Collateral. Xx xxx xxent In the event of any disposition of the Stock ------------------------ Collateral as provided in clause (c) of (S).7.1Section 7.1, the Agent shall give to the Company Borrower at least five ten (10) Business Days prior written notice of the time and place of any public sale of the Stock Collateral or of the time after which any private sale or any other intended disposition is to be made. The Company Borrower hereby acknowledges that five ten (10) Business Days prior written notice of such sale or sales shall be reasonable notice. The Agent may enforce its rights hereunder without any other notice and without compliance with any other condition precedent now or hereunder imposed by statute, rule of law or otherwise (all of which are hereby expressly waived by the CompanyBorrower, to the fullest extent permitted by law). The Agent may buy any part or all of the Stock Collateral at any public sale and if any part or all of the Stock Collateral is of a type customarily sold in a recognized market or is of the type which is the subject of widely-distributed standard price quotations, the Agent may buy at private sale and may make payments thereof by any means. The Agent may apply the cash proceeds actually received from any sale or other disposition to the reasonable expenses of retaking, holding, preparing for sale, selling and the like, to reasonable attorneys' fees, travel and all other expenses which may be incurred by the Agent in attempting to collect the Obligations and of the obligations in respect of the Permitted Debt owing to the CP Holders or to enforce this Agreement or in the prosecution or defense of any action or proceeding related to the subject matter of this Agreement, and then to the Obligations in the order set forth in such order or preference as the Agent may determine after proper allowance for Obligations not then due. Only after such applications, and after payment by the Agent of any amount required by Section 9-504(1)(c) of the obligations Uniform Commercial Code as in respect effect in the Commonwealth of Massachusetts, need the Permitted Debt owing Agent account to the CP Holders in accordance with this (S)Borrower for any surplus.

Sale of Stock Collateral. Xx xxx xxent In the event of any disposition of ------------------------ the Stock ------------------------ Collateral as provided in clause (c) of (S).7.1S)7.1, the Agent shall give to the Company Pledgor at least five (5) Business Days prior written notice of the time and place of any public sale of the Stock Collateral or of the time after which any private sale or any other intended disposition is to be made. The Company Pledgor hereby acknowledges that five (5) Business Days prior written notice of such sale or sales shall be reasonable notice. The Agent may enforce its rights hereunder without any other notice and without compliance with any other condition precedent now or hereunder imposed by statute, rule of law or otherwise (all of which are hereby expressly waived by the CompanyPledgor, to the fullest extent permitted by law). The Agent may buy any part or all of the Stock Collateral at any public sale and if any part or all of the Stock Collateral is of a type customarily sold in a recognized market or is of the type which is the subject of widely-distributed standard price quotations, the Agent may buy at private sale and may make payments thereof by any means. The Agent may apply the cash proceeds actually received from any sale or other disposition to the reasonable expenses of retaking, holding, preparing for sale, selling and the like, to reasonable attorneys' fees, travel and all other expenses which may be incurred by the Agent in attempting to collect the Obligations and of the obligations in respect of the Permitted Debt owing to the CP Holders or to enforce this Agreement or in the prosecution or defense of any action or proceeding related to the subject matter of this Agreement, and then to the Obligations in such order or preference as the Agent may determine after proper allowance for Obligations not then due. Only after such applications, and after payment by the Agent of any amount required by (S)9-504(1)(c) of the obligations in respect Massachusetts UCC, need the Agent account to the Pledgor for any surplus. To the extent that any of the Permitted Debt owing Obligations are to be paid or performed by a person other than the CP Holders in accordance with this Pledgor, the Pledgor waives and agrees not to assert any rights or privileges which it may have under (S).S)9-112 of the Massachusetts UCC

Sale of Stock Collateral. Xx xxx xxent In the event of any disposition of the Stock ------------------------ Collateral as provided in clause (c) of (S).7.1ss. 7.1, the Agent shall give to the Company Companies at least five ten Business Days prior written notice of the time and place of any public sale of the Stock Collateral or of the time after which any private sale or any other intended disposition is to be made. The Company Each of the Companies hereby acknowledges that five ten Business Days prior written notice of such sale or sales shall be reasonable notice. The Agent may enforce its rights hereunder without any other notice and without compliance with any other condition precedent now or hereunder imposed by statute, rule of law or otherwise (all of which are hereby expressly waived by each of the CompanyCompanies, to the fullest extent permitted by law). The Agent may buy any part or all of the Stock Collateral at any public sale and if any part or all of the Stock Collateral is of a type customarily sold in a recognized market or is of the type which is the subject of widely-widely- distributed standard price quotations, the Agent may buy at private sale and may make payments thereof by any means. The Agent may apply the cash proceeds actually received from any sale or other disposition to the reasonable expenses of retaking, holding, preparing for sale, selling and the like, to reasonable attorneys' fees, travel and all other expenses which may be incurred by the Agent in attempting to collect the Obligations and of the obligations in respect of the Permitted Debt owing to the CP Holders or to enforce this Agreement or in the prosecution or defense of any action or proceeding related to the subject matter of this Agreement, and then to the Obligations and pursuant to ss.14 of the obligations in respect Credit Agreement. To the extent that any of the Permitted Debt owing Obligations are to be paid or performed by a person other than any Company, each of the CP Holders in accordance with this (S)Companies waives and agrees not to assert any rights or privileges which it may have under ss.9-112 of the Uniform Commercial Code of the Commonwealth of Massachusetts.