Common use of Collection; Foreclosure Clause in Contracts

Collection; Foreclosure. Upon the occurrence and during the continuance of any Event of Default, the Lender may at any time or from time to time, apply, collect, liquidate, sell in one or more sales, lease or otherwise dispose of, any or all of the Collateral, in its then condition or following any commercially reasonable preparation or processing, in such order as the Lender may elect. Any such sale may be made either at public or private sale at its place of business or elsewhere. The Obligors agree that any such public or private sale may occur upon ten calendar days’ prior written notice to the Obligors. The Lender may require the Obligors to assemble the Collateral and make it available to the Lender at a place designated by the Lender that is reasonably convenient to the Lender and the Obligors. The proceeds of any sale, disposition or other realization upon all or any part of the Collateral shall be applied by the Lender in the following order of priorities:

Appears in 7 contracts

Samples: Loan and Security Agreement (Amyris, Inc.), Loan and Security Agreement (Amyris, Inc.), Loan and Security Agreement (Amyris, Inc.)

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Collection; Foreclosure. Upon the occurrence and during the continuance of any Event of Default, the Lender may Lenders may, at any time or from time to time, apply, collect, liquidate, sell in one or more sales, lease or otherwise dispose of, any or all of the Collateral, in its then condition or following any commercially reasonable preparation or processing, in such order as the Lender Lenders may elect. Any such sale may be made either at public or private sale at its place of business or elsewhere. The Obligors agree Borrower agrees that any such public or private sale may occur upon ten (10) calendar days’ prior written notice to the ObligorsBorrower. The Lender Lenders may require the Obligors Borrower to assemble the Collateral and make it available to the Lender Lenders at a place designated by the Lender Lenders that is reasonably convenient to the Lender Lenders and the ObligorsBorrower. The proceeds of any sale, disposition or other realization upon all or any part of the Collateral shall be applied by the Lender Lenders in the following order of priorities:

Appears in 3 contracts

Samples: Loan and Security Agreement (Intelepeer Inc), Loan and Security Agreement (Intelepeer Inc), Loan and Security Agreement (Intelepeer Inc)

Collection; Foreclosure. Upon the occurrence and during the continuance of any Event of Default, the Lender may may, at any time or from time to time, apply, collect, liquidate, sell in one or more sales, lease or otherwise dispose of, any or all of the Collateral, in its then condition or following any commercially reasonable preparation or processing, in such order as the Lender may elect. Any such sale may be made either at public or private sale at its place of business or elsewhere. The Obligors agree Each Borrower agrees that any such public or private sale may occur upon ten (10) calendar days’ prior written notice to the Obligorssuch Borrower. The Lender may require the Obligors any Borrower or Borrowers to assemble the Collateral and make it available to the Lender at a place designated by the Lender that is reasonably convenient to the Lender and the Obligorssuch Borrower. The proceeds of any sale, disposition or other realization upon all or any part of the Collateral shall be applied by the Lender in the following order of priorities:

Appears in 2 contracts

Samples: Loan and Security Agreement (InfoLogix Inc), Joinder Agreement (InfoLogix Inc)

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Collection; Foreclosure. Upon the occurrence and during the continuance of any Event of Default, the Lender may may, at any time or from time to time, apply, collect, liquidate, sell in one or more sales, lease or otherwise dispose of, any or all of the Collateral, in its then condition or following any commercially reasonable preparation or processing, in such order as the Lender may elect. Any such sale may be made either at public or private sale at its place of business or elsewhere. The Obligors agree Each Borrower agrees that any such public or private sale may occur upon ten (10) calendar days’ prior written notice to the ObligorsParent. The Lender may require the Obligors each Borrower to assemble the Collateral and make it available to the Lender at a place designated by the Lender that is reasonably convenient to the Lender and the Obligorssuch Borrower. The proceeds of any sale, disposition or other realization upon all or any part of the Collateral shall be applied by the Lender in the following order of priorities:

Appears in 1 contract

Samples: Loan and Security Agreement (Insmed Inc)

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