Common use of Separate Sales Clause in Contracts

Separate Sales. The Collateral may be sold in one or more parcels and in such manner and order as Trustee, in its sole and absolute discretion, may elect; and the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales.

Appears in 3 contracts

Samples: Credit Agreement (Jubilant Generics Inc.), Deed of Trust, Security Agreement and Fixture Filing (Mission West Properties Inc), Deed of Trust, Security Agreement and Fixture Filing (Mission West Properties Inc)

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Separate Sales. The With respect to sales hereunder, the Collateral may be sold in one or more parcels and in such manner and order as TrusteeAgent, in its sole and absolute 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.

Appears in 2 contracts

Samples: Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Morgans Hotel Group Co.), Credit Agreement (Morgans Hotel Group Co.)

Separate Sales. The With respect to sales hereunder, the Collateral may be sold in one or more parcels and in such manner and order as TrusteeAgent, in its sole and absolute discretion, may elect [or direct Trustee to elect; ], it being expressly understood and agreed that the right of sale arising out of any Credit Agreement Event of Default shall not be exhausted by any one or more sales.

Appears in 1 contract

Samples: Credit Agreement (U-Store-It Trust)

Separate Sales. The Collateral may be sold in one or more parcels and in such manner and order as TrusteeBeneficiary, in its sole and absolute discretion, may elect; and direct Trustee so to do. A sale of less than the right whole of the Collateral or any defective or irregular sale made hereunder shall not exhaust the power of sale arising out of any Event of Default shall not provided for herein, and subsequent sales may be exhausted by any one made hereunder until all obligations secured hereby have been satisfied, or more salesthe entire Collateral sold, without defect or irregularity.

Appears in 1 contract

Samples: Deed of Trust Assignment of Leases and Rents, Security Agreement, Fixture Filing and Financing Statement (KBS Strategic Opportunity REIT, Inc.)

Separate Sales. The Collateral may be sold in one or more parcels and in such manner and order as TrusteeAgent, in its sole and absolute discretion, may elect; and the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Angie's List, Inc.)

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Separate Sales. The Collateral may be sold in one or more parcels and in such manner and order as TrusteeGrantee, in its sole and absolute discretion, may elect; and the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture Filing (GTJ REIT, Inc.)

Separate Sales. The With respect to sales hereunder, the Collateral may be sold in one or more parcels and in such manner and order as TrusteeAgent, in its sole and absolute discretion, may elect or direct Trustee to 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.

Appears in 1 contract

Samples: Credit Agreement (Morgans Hotel Group Co.)

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