Common use of Sales of the Loan Security Clause in Contracts

Sales of the Loan Security. Any item of the Loan Security may be sold for cash or other value in any number of lots at public or private sale without demand, advertisement or notice (except only that you shall give the Company ten (10) days' prior written notice of the time and place of any public sale, or the time after which a private sale may be made, which notice the Company and you hereby agree to be reasonable). At any sale or sales of the Loan Security (except to the extent prohibited by applicable law which cannot be waived) you or any of your officers acting on your behalf or assigns may bid for and purchase the whole or any part of the property and rights so sold and upon compliance with the terms of such sale may hold, exploit and dispose of such property and rights without further accountability to the Company except for the proceeds of such sale or sales. The Company will execute and deliver, or cause to be executed and delivered, such instruments, documents, assignments, waivers, certificates and affidavits and supply or cause to be supplied such further information and take such further action as you shall require in connection with such sale.

Sales of the Loan Security. Any item of the Loan Security may be sold for cash or other value in any number of lots at public or private sale without demand, advertisement or notice (except only that you shall give the Company ten (10) days' prior written notice of the time and place of any public sale, or the time after which a private sale may be made, which notice the Company and you hereby agree to be reasonable). At any sale 25 30 or sales of the Loan Security (except to the extent prohibited by applicable law which cannot be waived) you or any of your officers acting on your behalf or assigns may bid for and purchase the whole or any part of the property and rights so sold and upon compliance with the terms of such sale may hold, exploit and dispose of such property and rights without further accountability to the Company except for the proceeds of such sale or sales. The Company will execute and deliver, or cause to be executed and delivered, such instruments, documents, assignments, waivers, certificates and affidavits and supply or cause to be supplied such further information and take such further action as you shall require in connection with such sale.