UCC Notices. If Senior Creditor shall be required by the UCC or any other applicable law to give notice to Junior Creditor of any action taken or to be taken by Senior Creditor against or with respect to any or all of the Senior Creditor Collateral, such notice shall be given in accordance with Section 23 above and five (5) days' notice shall be conclusively deemed to be commercially reasonable.
Appears in 2 contracts
Samples: Credit Facility Agreement (Z Tel Technologies Inc), Subordination Agreement (Z Tel Technologies Inc)
UCC Notices. If the Senior Creditor Creditors shall be required by the UCC Uniform Commercial Code of any applicable state or any other applicable law to give notice to the Junior Creditor Creditors of any action taken or to be taken by the Senior Creditor Creditors against or with respect to any or all of the Senior Creditor Collateral, such notice shall be given in accordance with Section 23 above 22 above, and five ten (510) days' β notice shall be conclusively deemed to be commercially reasonable.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Asta Funding Inc)
UCC Notices. If the Senior Creditor Secured Creditors or the Junior Secured Creditors shall be required by the UCC or any other applicable law to give notice to Junior Creditor of any action taken or to be taken by Senior Creditor against or with respect to any or all of the Senior Creditor Collateral, such notice shall be given in accordance with Section 23 17 above and five ten (510) days' β notice shall be conclusively deemed to be commercially reasonable.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Allegheny Energy, Inc)
