Common use of Separate Sales Clause in Contracts

Separate Sales. After the occurrence and during the continuance of an Event of Default, the Mortgaged Property may be sold in one or more parcels and, to the extent permitted by applicable law, in such manner and order as Mortgagee, in its commercially reasonable discretion, may elect, it being expressly understood and agreed that the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales, unless, at the time of any sale, no Event of Default is then continuing.

Appears in 2 contracts

Samples: Credit Agreement (Mach Natural Resources Lp), Credit Agreement (Mach Natural Resources Lp)

AutoNDA by SimpleDocs

Separate Sales. After To the occurrence extent permitted by law or Legal Requirements upon and during the continuance continuation of an Event of Actionable Default, the Mortgaged Property may be sold in one or more parcels and, to the extent permitted by applicable law, and in such manner and order as Mortgagee, in its commercially reasonable sole discretion, may elect, it being expressly understood and agreed that the right of sale arising out of any Event of Actionable Default shall not be exhausted by any one or more sales, unless, at sales and shall not affect the time lien or security interest of any sale, no Event this Mortgage on the remaining portion of Default is then continuingthe Mortgaged Property.

Appears in 1 contract

Samples: Multiple Indebtedness Mortgage (Cheniere Energy Inc)

Separate Sales. After To the extent permitted by applicable legal requirements, upon the occurrence and during the continuance continuation of an Event of Default, the Mortgaged Property may be sold in one or more parcels and, subject to the extent permitted by applicable laworders of a court of competent jurisdiction, in such manner and order as Mortgagee, in its commercially reasonable sole discretion, may elect, it being expressly understood and agreed that the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales, unless, at the time of any sale, no Event of Default is then continuing.

Appears in 1 contract

Samples: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Allegiant Travel CO)

Separate Sales. After Upon the occurrence and during the continuance of an Event of Default, to the extent permitted by applicable law and subject to any notice required under applicable law, the Mortgaged Property may be sold in one or more parcels and, to the extent permitted by applicable law, and in such manner and order as Mortgagee, Mortgagee in its commercially reasonable discretion, sole discretion may elect, it being expressly understood and agreed that the . The right of sale arising out of any Event of Default shall not be exhausted by any one or more sales, unless, at the time of any sale, no Event of Default is then continuing.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Separate Sales. After To the occurrence extent permitted by law or Legal Requirements upon and during the continuance continuation of an Event of Default, the Mortgaged Property may be sold in one or more parcels and, to the extent permitted by applicable law, and in such manner and order as Mortgagee, in its commercially reasonable sole discretion, may elect, it being expressly understood and agreed that the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales, unless, at the time of any sale, no Event of Default is then continuing.

Appears in 1 contract

Samples: Credit Agreement (Enexus Energy CORP)

AutoNDA by SimpleDocs

Separate Sales. After Upon the occurrence and during the continuance of an Event of Default, to the extent not prohibited under the Subject Lease, the Mortgaged Property may be sold in one or more parcels and, to the extent permitted by applicable law, and in such manner and order as Mortgagee, Mortgagee in its commercially reasonable discretion, sole discretion may elect, it being expressly understood and agreed that the . The right of sale arising out of any Event of Default shall not be exhausted by any one or more sales, unless, at the time of any sale, no Event of Default is then continuing.

Appears in 1 contract

Samples: Credit Agreement (School Specialty Inc)

Separate Sales. After the occurrence and during the continuance of If an Event of Default, after expiration of all applicable notice and cure periods has occurred and is continuing, the Mortgaged Property may be sold in one or more parcels and, to the extent permitted by applicable law, and in such manner and order as Mortgagee, Mortgagee in its commercially reasonable discretion, sole discretion may elect, it being expressly understood and agreed that ; the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales, unless, at the time of any sale, no Event of Default is then continuing.

Appears in 1 contract

Samples: Merger Agreement (Seacor Holdings Inc /New/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!