Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the Collateral.
Appears in 25 contracts
Samples: Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp), Security Agreement (Quest Energy Partners, L.P.)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale as and when received, less expenses.
Appears in 22 contracts
Samples: Security Agreement (Goldfield Corp), Security Agreement (Goldfield Corp), Security Agreement (Goldfield Corp)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 14 contracts
Samples: Security Agreement (Martin Midstream Partners Lp), Security Agreement (Martin Midstream Partners Lp), Security Agreement (PostRock Energy Corp)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Secured Party, Party and applied to the indebtedness of the purchaserPurchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Grantor shall be credited with proceeds of the sale.
Appears in 6 contracts
Samples: Credit and Guaranty Agreement (Xo Communications Inc), Pledge and Security Agreement (Foothills Resources Inc), Pledge and Security Agreement (Foothills Resources Inc)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaserPurchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaserPurchaser. In the event the purchaser Purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 4 contracts
Samples: Security Agreement (Professional Veterinary Products LTD /Mo/), Security Agreement (Professional Veterinary Products LTD /Mo/), Security Agreement (Professional Veterinary Products LTD /Mo/)
Sales on Credit. If Secured Party sells all or any part of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to against the indebtedness of the purchaserSecured Obligations. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of such sale.
Appears in 4 contracts
Samples: Security Agreement (Doral Energy Corp.), Security Agreement (Kentucky USA Energy, Inc.), Security Agreement (Rancher Energy Corp.)
Sales on Credit. If the Secured Party sells any of the Collateral upon credit, Debtor the Borrower Parties will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaserSecured Obligations. In the event that the purchaser fails to pay for the Collateral, the Secured Party may resell the CollateralCollateral and the Secured Obligations will be credited with the proceeds of such sale.
Appears in 3 contracts
Samples: Security Agreement (SeaStar Medical Holding Corp), Security Agreement (SeaStar Medical Holding Corp), Security Agreement (Lm Funding America, Inc.)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaserPurchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 3 contracts
Samples: Commercial Security Agreement (Friedman Industries Inc), Commercial Security Agreement (Friedman Industries Inc), Security Agreement (Hemcure Inc)
Sales on Credit. If Secured Party sells any of the Collateral upon on credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of such resale.
Appears in 3 contracts
Samples: Security Agreement (Odyssey Marine Exploration Inc), Security Agreement (Odyssey Marine Exploration Inc), Security Agreement (Odyssey Marine Exploration Inc)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments payment actually made by the purchaser, received by the Secured Party, purchaser and applied to the indebtedness of the purchaserin accordance with Section 9.8 hereof. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the Collateralsame, subject to the same rights and duties set forth herein.
Appears in 3 contracts
Samples: Security Agreement, Security Agreement (Dova Pharmaceuticals, Inc.), Security Agreement (Dova Pharmaceuticals, Inc.)
Sales on Credit. If the Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaserPurchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 2 contracts
Samples: Security Agreement (Voyant International CORP), Security Agreement (Hemcure Inc)
Sales on Credit. If Secured Party sells any of the Collateral of any Debtor upon credit, such Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and such Debtor shall be credited with the proceeds of the sale.
Appears in 2 contracts
Samples: Security Agreement (PostRock Energy Corp), Security Agreement (PostRock Energy Corp)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 2 contracts
Samples: Security Agreement (Monarch America, Inc.), Security Agreement (Professional Veterinary Products LTD /Ne/)
Sales on Credit. If Secured Party sells all or any part of the Collateral upon credit, Debtor Debtors will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to against the indebtedness of the purchaserSecured Obligations. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtors shall be credited with the proceeds of such sale.
Appears in 2 contracts
Samples: Security Agreement (EnerJex Resources, Inc.), Security Agreement (Stratum Holdings, Inc.)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the Collateral.. QRC Pledge and Security Agreement
Appears in 1 contract
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, purchaser and received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale as and when received, less expenses.
Appears in 1 contract
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the Collateral.Collateral and Debtor shall be credited with the proceeds of the sale as and when received, less expenses. ACCOUNT # 9660933082 / NOTE # 00003 1476 FL (0810) Page 4 of 7
Appears in 1 contract
Samples: Security Agreement (Goldfield Corp)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the Collateral.Collateral and Debtor shall be credited with the proceeds of the sale as and when received, less expenses. 0000 XX XX Page 3 of 5
Appears in 1 contract
Samples: Security Agreement (Goldfield Corp)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor Debtors will be credited only with payments actually made by the purchaser, received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtors shall be credited with the proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaserPurchaser. In the event If the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Security Agreement (CHS Inc)
Sales on Credit. If Secured Party sells any of the Collateral upon on credit, Debtor Debtors will be credited only with the payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaserIndebtedness. In the event If the purchaser fails to pay for the Collateral, Secured Party may resell the Collateral, and Debtors shall be credited with the proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, Purchaser received by the Secured Party, Party and applied to the indebtedness of the purchaserPurchaser. In the event the purchaser Purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor Borrower will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaserPurchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Borrower shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Security Agreement and Assignment (Stabilis Solutions, Inc.)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor the Debtors will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and the Debtors shall be credited with the proceeds of the sale as and when received, less expenses.
Appears in 1 contract
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, purchaser and received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 1 contract
Sales on Credit. If the Secured Party sells any of the Collateral upon credit, Debtor the Borrower Parties will be credited only with payments actually made by the purchaser, received by the Secured Party, Party and DOCPROPERTY "CUS_DocIDChunk0" 4000-0000-0000 applied to the indebtedness of the purchaserSecured Obligations. In the event that the purchaser fails to pay for the Collateral, the Secured Party may resell the CollateralCollateral and the Secured Obligations will be credited with the proceeds of such sale.
Appears in 1 contract
Sales on Credit. If Secured Party sells any of the --------------- Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Security Agreement (Azz Inc)
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor Xxxxxx will be credited only with payments actually made by the purchaserpur- chaser, received by the Secured Party, Party and applied to the indebtedness of the purchaserPurchaser. In the event the purchaser fails to pay for the CollateralCollat- eral, Secured Party may resell the Collateral.Collateral and Debtor shall be credited with the proceeds of the sale.[61]
Appears in 1 contract
Samples: Thissecurity Agreement
Sales on Credit. If Secured Party sells any of the Collateral upon credit, Debtor will be credited only with payments actually made by the purchaser, received by the Secured Party, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Secured Party may resell the CollateralCollateral and Debtor shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Asset Purchase Agreement
Sales on Credit. If In the event that Secured Party sells or otherwise disposes of all or any portion of the Collateral upon credit, Debtor will be credited only with to the extent of payments actually made by the purchaserpurchaser or other acquirer of such Collateral, received by the Secured Party, Party and applied to the indebtedness of the purchaserObligations. In the event the that such purchaser or other acquirer fails to pay for the CollateralCollateral sold upon credit in full, the Secured Party may resell or otherwise dispose of the CollateralCollateral and Debtor shall be credited with the proceeds of such sale to the extent hereinabove provided.
Appears in 1 contract
