Common use of Standards for Exercising Rights and Remedies Clause in Contracts

Standards for Exercising Rights and Remedies. To the extent that applicable law imposes duties on the Secured Party to exercise remedies in a commercially reasonable manner, the Debtor acknowledges and agrees that it is not commercially unreasonable for the Secured Party (a) to fail to incur expenses reasonably deemed significant by the Secured Party to prepare 13

Appears in 2 contracts

Samples: Security Agreement (Cardinal Ethanol LLC), Security Agreement (Cardinal Ethanol LLC)

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Standards for Exercising Rights and Remedies. To the extent that applicable law imposes duties on the Secured Party to exercise remedies in a commercially reasonable manner, the Debtor acknowledges and agrees that it is not commercially unreasonable for the Secured Party (ai) to fail to incur expenses reasonably deemed significant by the Secured Party to prepare 13Collateral for disposition, (ii) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by

Appears in 1 contract

Samples: Security Agreement (United American Healthcare Corp)

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Standards for Exercising Rights and Remedies. To the extent that applicable law imposes duties on the Secured Party to exercise remedies in a commercially reasonable manner, the Debtor acknowledges and agrees that it is not commercially unreasonable for the Secured Party Party: (a) to fail to incur expenses reasonably deemed significant by the Secured Party to prepare 13Collateral for disposition or otherwise to fail to complete raw material or work

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, LLC)

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