Sale of the Collateral. (a) The power to effect any sale (a “Sale”) of any portion of the Collateral pursuant to Section 11.5 shall not be exhausted by any one or more Sales as to any portion of such Collateral remaining unsold, but shall continue unimpaired until the entire Collateral shall have been sold or all amounts payable on the Series 2008-A Notes and this Indenture shall have been paid, whichever occurs later. The Trustee may from time to time postpone any Sale by public announcement made at the time and place of such Sale. The Trustee hereby expressly waives its right to any amount fixed by law as compensation for any Sale. The Trustee may reimburse itself from the proceeds of any sale for the reasonable costs and expenses incurred in connection with such sale. The net proceeds of such sale shall be applied as provided in this Indenture.
Sale of the Collateral. (i) In addition to all rights and remedies under this Loan Agreement or otherwise, the Lenders and the Administrative Agent shall have all other rights and remedies provided under the relevant UCC and under other Applicable Laws, which rights shall be cumulative. Without limiting the generality of the foregoing, on and after the occurrence of an Event of Default that is not waived in writing by the Required Lenders, the Administrative Agent (on behalf of the Secured Parties and at the direction of the Required Lenders) may without being required to give any notice (except as herein provided or as may be required by mandatory provisions of law), sell the Collateral or any part thereof in any commercially reasonable manner at public or private sale, for cash, upon credit or for future delivery, as directed by the Required Lenders and at such price or prices as the Required Lenders may deem satisfactory. Any Lender or the Administrative Agent may participate as a bidder in any such sale and the Administrative Agent and/or the Lenders may credit bid in such sale. The Borrower will execute and deliver such documents and take such other action as the Administrative Agent reasonably deems necessary or advisable in order that any such sale may be made in compliance with Applicable Law. Upon any such sale, the Administrative Agent shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold.
Sale of the Collateral. With respect to any sale or disposition of any of the Collateral provided for under this Agreement, whether made under the power of sale in this Agreement, under any applicable provisions of the Florida Uniform Commercial Code or other applicable law, or under judgment or order or decree in any judicial proceeding for the foreclosure of Secured Party's security interest or involving the enforcement of this Agreement:
Sale of the Collateral. With respect to any sale or disposition of any ---------------------- of the Collateral, whether made under the power of sale in this Agreement, under any applicable provisions of the California Commercial Code or other applicable law, or under judgment or order or decree in any judicial proceeding for the foreclosure of Secured Party's security interest or involving the enforcement of this Agreement:
Sale of the Collateral. (a) In addition to the aforesaid rights and remedies under the Uniform Commercial Code, upon the occurrence and during the continuance of an Event of Default, Apollo may, to the extent permitted by law, sell the Collateral, or any part thereof, at any public or private sale or at any broker's board or on any securities exchange, for cash, upon credit or for future delivery, as Apollo shall deem appropriate. Apollo shall be authorized at any such sale (to the extent it deems it advisable to do so, in its sole discretion) to restrict the prospective bidders or purchasers to persons who will represent and agree that they are purchasing the Collateral then being sold for their own account for investment and not with a view to the distribution or resale thereof, and upon consummation of any such sale Apollo shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the property sold absolutely and free from any claim or right on the part of New Valley. At any such sale Apollo may bid for or purchase, free from any right of redemption on the part of New Valley (all said rights being also hereby waived and released), all or any part of the Collateral offered for sale, and Apollo may, upon compliance with the terms of the sale, hold, retain and dispose of such property without further accountability therefor.
Sale of the Collateral. (a) If an Event of Default shall have occurred and be continuing, the PC may, without being required to give any notice (except as may otherwise be required by this Agreement or by Applicable Law), sell the Collateral or any part thereof at public or private sale, for cash, upon credit or for future delivery, and at such price or prices as the PC may deem satisfactory. The PC may be the purchaser of any or all of the Collateral so sold at any public sale, or, if the Collateral is of a type customarily sold in a recognized market or is of a type which is the subject of widely distributed standard price quotations, at any private sale. The Management Company will execute and deliver such documents and take such other action as the PC deems necessary or advisable in order that any such sale may be made in compliance with law. Upon any such sale the PC shall have the right to deliver, assign and transfer the Collateral so sold to the purchaser thereof. Each purchaser at any such sale shall hold the Collateral so sold to it absolutely and free from any Lien or other claim or right of whatever kind, including any equity or right of redemption of the Management Company which may be waived, and the Management Company, to the extent permitted by law, hereby specifically waives all rights of redemption, stay or appraisal which it has or may have under any law now existing or hereafter enacted or adopted (as well as any rights to exoneration, subrogation or reimbursement arising at law, in equity or otherwise).
Sale of the Collateral. In the event that Grant Recipient wishes to sell the Collateral to a third party, Grant Recipient shall (1) provide written notice regarding same to Secured Party not less than ten (10) business days prior to such sale, and (2) either (i) apply the proceeds of the sale to purchase replacement equipment that will be used to enable Grant Recipient to continue to perform the Obligations, in which event the replacement equipment shall be deemed to be Collateral hereunder and Grant Recipient shall provide to Secured Party within ten (10) business days of the sale an amendment to the financing statements setting forth a revised description of the replacement equipment, or (ii) pay to Secured Party out of the proceeds of the sale an amount equal to the original amount of the Grant, in which event this Agreement shall terminate and no longer be of any force or effect.
Sale of the Collateral. In the event the Agent determines that the Collateral should be sold to satisfy all or any part of the Obligations, the Agent may dispose of the Collateral in whole or in part at public or private sale, and any notice required to be given shall be given in accordance with Section 7.4 herein at least ten (10) days before the proposed sale. The parties agree said notice shall be reasonable, provided, however, the Agent need not give such notice with respect to Collateral which is perishable or threatens to decline speedily in value or is a type customarily sold on a recognized market. At any such sale the Agent may purchase the Collateral free from, and discharged of all trusts, claims, rights of redemption and equities of the Company, all of which are hereby waived and released. The Company shall remain liable for any deficiency resulting from any sale of the Collateral and shall pay such deficiency promptly on the Agent's demand.
Sale of the Collateral. All sales or other dispositions of Collateral may be made for cash, upon credit or for future delivery. In no event shall the Pledgor be credited with any part of the proceeds of liquidation, sale or other disposition of any Collateral until cash payment thereon has actually been received by the Lender, and the Lender shall have no obligation to delay any liquidation, sale, or other disposition because the same may result in the imposition of any forfeiture, premium or penalty, the Pledgor hereby acknowledging that the risk of such forfeiture, premium or penalty is inherent in granting a security interest in the Collateral to the Lender. In connection with any liquidation, sale or other disposition of any of the Collateral, the Lender shall have the right, in the name, place and stead of the Pledgor, to execute all necessary endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral.
Sale of the Collateral. Not sell, transfer, convey, lease or otherwise dispose of (or enter into any commitment to sell, transfer, convey, lease or otherwise dispose of) all or part of the Collateral (whether in one or a series of transactions), except as permitted pursuant to the Security Agreement.
