Common use of Title of Purchasers Clause in Contracts

Title of Purchasers. Upon consummation of any sale of Collateral hereunder, the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) thereof the Collateral so sold. Such purchaser(s) shall hold the Collateral so sold absolutely free from any claim or right upon the part of the Grantor or any other Person claiming through the Grantor, and the Grantor hereby waives (to the extent permitted by applicable laws) 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 Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured Party, and any Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The 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 2 contracts

Samples: Execution Copy Pledge and Security Agreement (American Business Financial Services Inc /De/), Pledge and Security Agreement (American Business Financial Services Inc /De/)

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Title of Purchasers. Upon consummation of any sale of Collateral ------------------- hereunder, the Agent on behalf of the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of the Grantor or any other Person claiming through the Grantor, and the Grantor hereby waives (to the extent permitted by applicable laws) 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 Secured Party Agent shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured PartyAgent, and any Collateral so sold may be retained by the Secured Party Agent until the sale price is paid in full by the purchaser or purchasers thereof. The 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 2 contracts

Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

Title of Purchasers. Upon consummation of any sale of Pledged Collateral hereunderpursuant to this Section 11, the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Pledged Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Pledged Collateral so sold absolutely free from any claim or right upon on the part of the Grantor or any other Person claiming through the GrantorCompany, and the Grantor Company hereby waives (to the extent permitted by applicable lawslaw) 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 Pledged Collateral is made on credit or for future delivery, the Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured Party, and any Pledged Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The Secured Party shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Pledged Collateral so sold, and, in case of any such failure, the Pledged Collateral may be sold againagain upon like notice.

Appears in 1 contract

Samples: Pledge Agreement (Tracinda Corp)

Title of Purchasers. Upon consummation of any sale of Pledged Collateral hereunderpursuant to this Section 12, the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Pledged Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Pledged Collateral so sold absolutely free from any claim or right upon on the part of the Grantor or any other Person claiming through the Grantor, and the Grantor hereby waives (to the extent permitted by applicable lawslaw) 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 Pledged Collateral is made on credit or for future delivery, the Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured Party, and any Pledged Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The Secured Party shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Pledged Collateral so sold, and, in case of any such failure, the Pledged Collateral may be sold againagain upon like notice.

Appears in 1 contract

Samples: Pledge Agreement (Arlen Corp)

Title of Purchasers. Upon consummation of any sale of Collateral hereunder, the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of the any Grantor or any other Person claiming through the any Grantor, and the each Grantor hereby waives (to the extent permitted by applicable laws) 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 Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured Party, and any Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The 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: Reimbursement Agreement (DSL Net Inc)

Title of Purchasers. Upon consummation of any sale of Pledged Collateral hereunderpursuant to this Section, the Secured Party shall have the right to assign, transfer transfer, and deliver to the purchaser(s) purchaser or purchasers thereof the Pledged Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Pledged Collateral so sold absolutely free from any claim or right upon on the part of the Grantor or any other Person claiming through the Grantor, and the Grantor hereby waives (to the extent permitted by applicable laws) all rights of redemption, stay 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 Pledged Collateral is made on credit or for future delivery, the Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured Party, and any Pledged Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The Secured Party shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Pledged Collateral so sold, and, in case of any such failure, the Pledged Collateral may be sold againagain upon like notice.

Appears in 1 contract

Samples: Pledge Agreement (Colorado Greenhouse Holdings Inc)

Title of Purchasers. Upon consummation of any sale of Collateral hereunder, the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of the Grantor or any other Person person claiming through the Grantor, and the Grantor hereby waives (to the extent permitted by applicable lawslaw) 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 Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount is actually is received by the Secured Party, and any Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The 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: Security Agreement (Titan Corp)

Title of Purchasers. Upon consummation of any sale of Pledged Collateral hereunderpursuant to this Section 12, the Administrative Agent on behalf of Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Pledged Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Pledged Collateral so sold absolutely free from any claim or right upon on the part of the Grantor or any other Person claiming through the GrantorGrantors, and the each Grantor hereby waives (to the extent permitted by applicable lawsLaw) 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 Law or statute now existing or hereafter enacted. If the sale of all or any part of the Pledged Collateral is made on credit or for future delivery, the Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured Party, and any Pledged Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The Secured Party shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Pledged Collateral so sold, and, in case of any such failure, the Pledged Collateral may be sold againagain upon like notice.

Appears in 1 contract

Samples: Pledge Agreement (Jakks Pacific Inc)

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Title of Purchasers. Upon consummation of any sale of Collateral hereunder, the Agent on behalf of the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of the any Grantor or any other Person claiming through the any Grantor, and the each Grantor hereby waives (to the extent permitted by applicable laws) 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 Secured Party Agent shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured PartyAgent, and any Collateral so sold may be retained by the Secured Party Agent until the sale price is paid in full by the purchaser or purchasers thereof. The 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: Credit Agreement (Quiksilver Inc)

Title of Purchasers. Upon consummation of any sale of Collateral hereunder, the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of the Grantor Grantors or any other Person person claiming through the GrantorGrantors, and the Grantor Grantors hereby waives waive (to the extent permitted by applicable lawslaw) all rights of redemption, stay and appraisal which it they now has have 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 Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount is actually is received by the Secured Party, and any Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The 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: Security Agreement (Arlen Corp)

Title of Purchasers. Upon consummation of any sale of Pledged Collateral hereunderpursuant to this Section 12, the Agent on behalf of Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Pledged Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Pledged Collateral so sold absolutely free from any claim or right upon on the part of the Grantor or any other Person claiming through the GrantorGrantors, and the each Grantor hereby waives (to the extent permitted by applicable lawsLaw) 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 Law or statute now existing or hereafter enacted. If the sale of all or any part of the Pledged Collateral is made on credit or for future delivery, the Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured Party, and any Pledged Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The Secured Party shall not incur any liability in case any such purchaser or purchasers shall fail to pay for the Pledged Collateral so sold, and, in case of any such failure, the Pledged Collateral may be sold againagain upon like notice.

Appears in 1 contract

Samples: Pledge Agreement (Central Financial Acceptance Corp)

Title of Purchasers. Upon consummation of any sale of Collateral hereunderpursuant to this Section 12, the Secured Party shall have the right to assign, transfer and deliver to the purchaser(s) purchaser or purchasers thereof the Collateral so sold. Such purchaser(s) Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon on the part of the Grantor or any other Person claiming through the Grantor, and the Grantor hereby waives (to the extent permitted by applicable lawslaw) 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 To the extent permitted by law, if the sale of all or any part of the Collateral is made on credit or for future delivery, the Secured Party shall not be required to apply any portion of the sale price to the Obligations until such amount actually is received by the Secured Party, and any Collateral so sold may be retained by the Secured Party until the sale price is paid in full by the purchaser or purchasers thereof. The 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 againagain upon like notice.

Appears in 1 contract

Samples: Pledge and Security Agreement (Principal Solar, Inc.)

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