Common use of Title of Purchasers Clause in Contracts

Title of Purchasers. Upon consummation of any sale of Collateral, Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower or any other Person claiming through any Borrower, and each Borrower hereby waives (to the extent permitted by applicable law) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral is made on credit or for future delivery, Agent shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by Agent, and any Collateral so sold may be retained by Agent until the sale price is paid in full by the purchaser or purchasers thereof. Agent shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 3 contracts

Samples: Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.), Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.), Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.)

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Title of Purchasers. Upon consummation of any sale of CollateralCollateral hereunder, Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower Grantor or any other Person claiming through any BorrowerGrantor, and each Borrower Grantor hereby waives (to the extent permitted by applicable lawlaws) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral hereunder is made on credit or for future delivery, Agent shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by Agent, and any Collateral so sold may be retained by Agent until the sale price is paid in full by the purchaser or purchasers thereof. Agent shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 3 contracts

Samples: Security Agreement (Columbia Capital LLC), Security Agreement (DSL Net Inc), Security Agreement (Vantagepoint Venture Partners 1996)

Title of Purchasers. Upon consummation of any sale of CollateralCollateral hereunder, Agent Lender shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower Grantor or any other Person claiming through any BorrowerGrantor, and each Borrower Grantor hereby waives (to the extent permitted by applicable lawlaws) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral is made on credit or for future delivery, Agent Lender shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by AgentLender, and any Collateral so sold may be retained by Agent Lender until the sale price is paid in full by the purchaser or purchasers thereof. Agent Lender shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 2 contracts

Samples: Loan Agreement (Palm Inc), Security Agreement (Chadmoore Wireless Group Inc)

Title of Purchasers. Upon consummation of any sale of CollateralCollateral hereunder, the Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower Grantor or any other Person claiming through any BorrowerGrantor, and each Borrower Grantor hereby waives (to the extent permitted by applicable lawlaws) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral hereunder is made on credit or for future delivery, the Agent shall not be required to apply any portion of the sale price to the Obligations Notes until such amount actually is received by the Agent, and any Collateral so sold may be retained by the Agent until the sale price is paid in full by the purchaser or purchasers thereof. The Agent shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 2 contracts

Samples: Agency, Guaranty and Security Agreement (DSL Net Inc), Agency, Guaranty and Security Agreement (DSL Net Inc)

Title of Purchasers. Upon consummation of any sale of CollateralCollateral hereunder, Agent the Lender shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower Grantor or any other Person claiming through any BorrowerGrantor, and each Borrower Grantor hereby waives (to the extent permitted by applicable law) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral is made on credit or for future delivery, Agent the Lender shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by Agentthe Lender, and any Collateral so sold may be retained by Agent the Lender until the sale price is paid in full by the purchaser or purchasers thereof. Agent The Lender shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 1 contract

Samples: Security Agreement (Physicians Formula Holdings, Inc.)

Title of Purchasers. Upon consummation of any sale of CollateralCollateral hereunder, the Collateral Agent on behalf of the Secured Parties shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower Grantor or any other Person claiming through any Borrowersuch Grantor, and each Borrower Grantor hereby waives (to the extent permitted by applicable lawlaws) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral Agent shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Collateral Agent, and any Collateral so sold may be retained by the Collateral Agent until the sale price is paid in full by the purchaser or purchasers thereof. Agent The Secured Parties shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 1 contract

Samples: Pledge and Security Agreement (Michael Kors Holdings LTD)

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Title of Purchasers. Upon consummation of any sale of CollateralCollateral hereunder, Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower Grantor or any other Person claiming through any BorrowerGrantor, and each Borrower Grantor hereby waives (to the extent permitted by applicable lawlaws) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral is made on credit or for future delivery, Agent shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by Agent, and any Collateral so sold may be retained by Agent until the sale price is paid in full by the purchaser or purchasers thereof. Agent shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 1 contract

Samples: Security Agreement (New Athletics, Inc.)

Title of Purchasers. Upon consummation of any sale of CollateralCollateral hereunder, the Agent on behalf of Secured Party shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower Grantor or any other Person claiming through any BorrowerGrantor, and each Borrower Grantor hereby waives (to the extent permitted by applicable lawlaws) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral is made on credit or for future delivery, the Agent shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Agent, and any Collateral so sold may be retained by the Agent until the sale price is paid in full by the purchaser or purchasers thereof. Agent Secured Party shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 1 contract

Samples: Guarantor Security Agreement (Univision Communications Inc)

Title of Purchasers. Upon consummation of any sale of CollateralCollateral hereunder, Agent Bank shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of any Borrower Grantor or any other Person claiming through any BorrowerGrantor, and each Borrower Grantor hereby waives (to the extent permitted by applicable lawlaws) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. If the sale of all or any part of the Collateral is made on credit or for future delivery, Agent Bank shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by AgentBank, and any Collateral so sold may be retained by Agent Bank until the sale price is paid in full by the purchaser or purchasers thereof. Agent Bank shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again.

Appears in 1 contract

Samples: Security Agreement (Chadmoore Wireless Group Inc)

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