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Common use of Standards for Determining Commercial Reasonableness Clause in Contracts

Standards for Determining Commercial Reasonableness. Borrower and GBC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 12 contracts

Samples: Loan Agreement (Paradigm Technology Inc /De/), Loan and Security Agreement (Com21 Inc), Loan and Security Agreement (Mti Technology Corp)

Standards for Determining Commercial Reasonableness. Borrower and GBC Coast agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 8 contracts

Samples: Loan Agreement (Delphi Information Systems Inc /De/), Loan and Security Agreement (Jore Corp), Loan and Security Agreement (Odwalla Inc)

Standards for Determining Commercial Reasonableness. Borrower and GBC ORIX agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 3 contracts

Samples: Loan and Security Agreement (Athenahealth Inc), Loan and Security Agreement (Athenahealth Inc), Loan and Security Agreement (Celebrate Express, Inc.)

Standards for Determining Commercial Reasonableness. Borrower and GBC GC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 3 contracts

Samples: Loan and Security Agreement (Prime Response Group Inc/De), Loan and Security Agreement (Prime Response Inc/De), Loan and Security Agreement (Witness Systems Inc)

Standards for Determining Commercial Reasonableness. Borrower Debtor and GBC GC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower Debtor at least seven days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 2 contracts

Samples: Security Agreement (Prime Response Group Inc/De), Security Agreement (Prime Response Inc/De)

Standards for Determining Commercial Reasonableness. Borrower and GBC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: : (i) Notice of the sale is given to Borrower at least seven ten days prior to the sale, and, and in the case of a public sale, notice of the sale is published at least seven ten days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 2 contracts

Samples: Loan and Security Agreement (Indus International), Loan and Security Agreement (TSW International Inc)

Standards for Determining Commercial Reasonableness. Borrower Debtor and GBC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower Debtor at least seven days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Security Agreement (Sa Telecommunications Inc /De/)

Standards for Determining Commercial Reasonableness. Borrower and GBC Coast agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i a) Notice of the sale is given to Borrower at least seven (7) days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven ten (10) days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (iib) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Loan and Security Agreement (Transcend Services Inc)

Standards for Determining Commercial Reasonableness. Borrower and GBC Coast agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: : (ia) Notice of the sale is given to Borrower at least seven ten (10) days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven ten (10) days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; ; (iib) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Loan and Security Agreement (Virtual Technology Corp)

Standards for Determining Commercial Reasonableness. Borrower and GBC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven least* days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven least* days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Loan and Security Agreement (Synquest Inc)

Standards for Determining Commercial Reasonableness. Borrower and GBC agree that a sale or other disposition (collectively, "sale"SALE) of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven * days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Loan and Security Agreement (Firepond Inc)

Standards for Determining Commercial Reasonableness. Borrower Debtor and GBC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower Debtor at least seven ten days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven ten days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Security Agreement (Quarterdeck Corp)

Standards for Determining Commercial Reasonableness. Borrower and GBC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven * days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Term Loan Agreement (Vixel Corp)

Standards for Determining Commercial Reasonableness. Borrower and GBC agree that a sale or other disposition (collectively, "sale") of any Collateral * which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven days ** prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Loan and Security Agreement (Qad Inc)

Standards for Determining Commercial Reasonableness. Borrower and GBC agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: : (i) Notice of the sale is given to Borrower at least seven ten days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven ten days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms;

Appears in 1 contract

Samples: Loan and Security Agreement (Quarterdeck Corp)