Common use of Sale of Trust Assets Clause in Contracts

Sale of Trust Assets. Subject to the terms and conditions of this Agreement, the Trustee may, at such times as the Trustee deems appropriate, collect, liquidate, reduce to cash, transfer, assign, or otherwise dispose of all or any part of the Trust Assets as it deems appropriate at public auction or at private sale for cash, securities or other property, or upon credit (either secured or unsecured as the Trustee shall determine). The Trustee shall make continuing efforts to dispose of the Trust's assets, make timely distributions and not unduly prolong the duration of the Trust.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (Shelbourne Properties I Inc), Liquidating Trust Agreement (Shelbourne Properties Iii Inc)

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Sale of Trust Assets. Subject to the terms and conditions of this Agreement, the Trustee Trustees may, at such times as the Trustee deems Trustees deem appropriate, collect, liquidate, reduce to cash, transfer, assign, or otherwise dispose of all or any part of the Trust Assets as it deems appropriate at public auction or at private sale for cash, securities or other property, or upon credit (either secured or unsecured as the Trustee shall determine). The Trustee Trustees shall make continuing efforts to dispose of the Trust's ’s assets, make timely distributions and not unduly prolong the duration of the Trust.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (G REIT Liquidating Trust)

Sale of Trust Assets. Subject to the terms and conditions of this Agreement, the Trustee may, at such times as the Trustee deems appropriate, collect, liquidate, reduce to cash, transfer, assign, or otherwise dispose of all or any part of the Trust Assets as it deems appropriate at public auction or at private sale for cash, securities or other property, or upon credit (either secured or unsecured as the Trustee shall determine). The Trustee shall make continuing efforts to dispose of the Trust's ’s assets, make timely distributions and not unduly prolong the duration of the Trust.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (T Reit Liquidating Trust)

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Sale of Trust Assets. Subject to the terms and conditions of this Agreement, the Trustee mayshall, at such times as the Trustee deems appropriate, collect, liquidate, reduce to cash, transfer, assign, or otherwise dispose of all or any part of the Trust Assets as it deems appropriate at public auction or at private sale for cash, securities or other property, or upon credit (either secured or unsecured as the Trustee shall determine). The Trustee shall make continuing efforts to dispose of the Trust's assets, make timely distributions and not unduly prolong the duration of the Trust.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Shelbourne Properties Ii Inc)

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