Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Pledgor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Pledgor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Pledge Agreement (Grifols SA)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Pledgor will be credited only with payments actually made by the purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and such Pledgor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Potomac Electric Power Co)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Pledgor the Pledgors will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Pledgor the Pledgors shall be credited with proceeds of the sale.. 9.4
Appears in 1 contract
Samples: Pledge and Security Agreement (New Residential Investment Corp.)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Pledgor will be credited only with payments actually made by purchaser and the purchaser, received by the Collateral Agent Agent, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Pledgor shall be credited with the proceeds of the sale.
Appears in 1 contract
Sales on Credit. If the Collateral Agent Lender sells any of the Collateral upon credit, Pledgor will be credited only with payments actually made by purchaser and received by Collateral Agent Lender and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent Lender may resell the Collateral and Pledgor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Credit Agreement (Sunpower Corp)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Pledgor will be credited only with payments actually made by the purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and such Pledgor shall be credited with proceeds of the sale.. 7.4
Appears in 1 contract
Samples: Pledge and Security Agreement (Exelon Generation Co LLC)
