Liquidate Collateral Clause Samples
The "Liquidate Collateral" clause grants a party the right to sell or otherwise dispose of collateral assets in the event of a default or specified triggering event. In practice, this means that if the borrower fails to meet their obligations, the lender can seize and sell pledged assets such as property, securities, or equipment to recover the outstanding debt. This clause ensures that the lender has a clear and enforceable remedy to mitigate losses, providing a mechanism for swift recovery and reducing the risk associated with lending.
Liquidate Collateral. Liquidate any Transferable Securities or, to the extent permitted by law, any Restricted Securities held in my margin account, or any other account with you in which I have an interest, to satisfy the debit balance secured by the Restricted Securities;
Liquidate Collateral. Liquidate any Securities and Other Assets or, to the extent permitted by Applicable Law, any Restricted Se- curities held in your margin account, or any other Account with ICBCFS in which you have an interest, to satisfy the debit balance se- cured by the Restricted Securities;