Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors will be credited only with payments actually made by the purchaser, received by the Administrative Agent, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and Grantors shall be credited with the proceeds of the sale.
Appears in 6 contracts
Samples: Security Agreement (Suburban Propane Partners Lp), Existing Credit Agreement (Suburban Propane Partners Lp), Security Agreement (Suburban Propane Partners Lp)
Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and Grantors Grantor shall be credited with the proceeds of the sale.
Appears in 4 contracts
Samples: Pledge and Security Agreement (TherapeuticsMD, Inc.), Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC), Pledge and Security Agreement (Fusion Telecommunications International Inc)
Sales on Credit. If the Administrative Agent sells any of the Collateral upon credit, Grantors Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Administrative Agent may resell the Collateral and Grantors Grantor shall be credited with the proceeds of the sale.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Clovis Oncology, Inc.), Pledge and Security Agreement (Clovis Oncology, Inc.)
Sales on Credit. If the Administrative Agent sells any of the Collateral upon on credit, Grantors the applicable Grantor will be credited only with cash payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Administrative Agent may resell the Collateral and Grantors the applicable Grantor shall be credited with the proceeds of the sale.
Appears in 2 contracts
Samples: Security Agreement (USA Synthetic Fuel Corp), Control Agreement (USA Synthetic Fuel Corp)
Sales on Credit. If the Administrative Agent sells any of the Collateral upon credit, the Grantors will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Administrative Agent may resell the Collateral and the Grantors shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Collateral Agreement (Dts, Inc.)
Sales on Credit. If Administrative Agent sells any of the Collateral or Holdings Pledged Collateral upon credit, Grantors such Grantor or Holdings, as applicable, will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral or the Holdings Pledged Collateral, as applicable, Administrative Agent may resell the Collateral and Grantors or the Holdings Pledged Collateral, as such Grantor or Holdings, as applicable, shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Credit Agreement (Edgen Group Inc.)
Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors the relevant Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and Grantors Grantor shall be credited with the proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors each applicable Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and Grantors each applicable Grantor shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Better Choice Co Inc.)
Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors the relevant Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, and applied to the indebtedness Agent in respect of the purchasersuch Collateral. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and Grantors Grantor shall be credited with the proceeds of the such sale.
Appears in 1 contract
Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors such Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral Collateral, and Grantors such Grantor shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Credit Agreement (Edgen Group Inc.)
Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness Indebtedness of the purchaserGrantor. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and Grantors Grantor shall be credited with the proceeds Proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Talecris Biotherapeutics Holdings Corp.)
Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors Grantor will be credited only with payments actually made by the purchaser, purchaser and received by the Administrative Agent, Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and the Grantors shall be credited with the proceeds of the sale.
Appears in 1 contract
Samples: Patent Security Agreement (Tetragenex Pharmaceuticals, Inc.)
Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantors Grantor will be credited only with payments actually made by the purchaser, received by the Administrative Agent, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and Grantors Grantor shall be credited with the proceeds Proceeds of the sale.
Appears in 1 contract
