Affected Collateral definition
Examples of Affected Collateral in a sentence
Each Grantor further agrees, to the extent permitted by applicable law, that the use of private sales made under the foregoing circumstances to dispose of Affected Collateral shall be deemed to be dispositions in a commercially reasonable manner.
Each Grantor hereby acknowledges that a ready market may not exist for Affected Collateral that is not traded on a national securities exchange or quoted on an automated quotation system.
In connection with the transfer of any such Affected Collateral as provided for in this Section 9.1.5, the Loan shall be reduced by an amount equal to amount of the New Note applicable to such Affected Collateral and the new loan secured by such Affected Collateral and evidenced by the New Note shall be in an amount equal to such Allocated Loan Amount.
The Lender shall not be obligated to make any sale of Affected Collateral regardless of notice of sale having been given.
Affected Collateral — as defined in subsection 11.14 of the Agreement.
Grantor further agrees, to the extent permitted by applicable law, that the use of private sales made under the foregoing circumstances to dispose of Affected Collateral shall be deemed to be dispositions in a commercially reasonable manner.
Each Grantor hereby acknowledges that a ready market may not exist for Affected Collateral that is not traded on a national securities exchange or quoted on an automated quotation system and agrees and acknowledges that in such event the Affected Collateral may be sold for an amount less than a pro rata share of the fair market value of the assets of the issuer of such Affected Collateral minus its liabilities.
Subsequent to the release of the Affected Collateral from the lien of the Loan pursuant to this Section 9.1.5, the balances of the components of the Loan shall be the same as they would have been had a prepayment occurred in an amount equal to the Allocated Loan Amount of the Affected Collateral.
Grantor hereby acknowledges that a ready market may not exist for Affected Collateral that is not traded on a national securities exchange or quoted on an automated quotation system.
Each party hereto agrees and acknowledges that private sales so made may be at prices and upon terms less favorable to such Grantor than if such Affected Collateral was sold either at public sales or at private sales not subject to other regulatory restrictions, and that no Grantor or other Person shall be required to register or otherwise qualify or exempt such Affected Collateral so as to permit a public sale under the Securities Act or applicable state Law.