NOTIFICATION OF DISPOSITION OF COLLATERAL Sample Clauses

NOTIFICATION OF DISPOSITION OF COLLATERAL. Any notification of a sale or other disposition of the Collateral will be sufficient if given in the manner set forth in Section 10.11 hereof not less than five (5) days prior to the day on which such sales or other disposition will be made, and such notification shall be deemed reasonable notice.
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NOTIFICATION OF DISPOSITION OF COLLATERAL. Any notification of a sale or other disposition of the Collateral or of any other action by the Lenders required to be given by the Lenders to the Borrower will be sufficient if given personally or mailed to the Borrower, by registered or certified mail (return receipt requested), to the address set forth for the Borrower in the first paragraph of this Agreement not less than five (5) days prior to the day on which such sales or other disposition will be made and such notification shall be deemed reasonable notice, notwithstanding Section 6.8 hereof.
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NOTIFICATION OF DISPOSITION OF COLLATERAL. Any notification of a sale or other disposition of the Collateral or of any other action by the Secured Party to the Corporation will be sufficient if given personally or mailed to the Corporation, by certified mail, at its address set forth herein not less than ten (10) days prior to the day on which such sales or other disposition will be made, and such notification shall be deemed reasonable notice.
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NOTIFICATION OF DISPOSITION OF COLLATERAL. Any notification of a sale or other disposition of the Collateral or of any other action by the Secured Party required to be given by the Secured Party to the Debtor will be sufficient if given personally or mailed to the Debtor, by registered or certified mail (return receipt requested), to the address set forth for the Debtor in Section 5.10 hereof, not less than five (5) days prior to the day on which such sales or other disposition will be made and such notification shall be deemed reasonable notice.
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NOTIFICATION OF DISPOSITION OF COLLATERAL. Any notification of a sale or other disposition of the Collateral or of any other action by Bank required to be given by Bank to the Borrower will be sufficient if given personally or mailed to Borrower, by certified mail, at its chief executive office set
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Related to NOTIFICATION OF DISPOSITION OF COLLATERAL

  • Notice of Disposition of Collateral Debtor hereby agrees that notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to Debtor, addressed as set forth in Article X, at least ten (10) days prior to (a) the date of any such public sale or (b) the time after which any such private sale or other disposition may be made.

  • Notification of Disposition If this Option is designated as an Incentive Stock Option, Participant shall give prompt notice to the Company of any disposition or other transfer of any shares of Stock acquired under this Agreement if such disposition or transfer is made (a) within two years from the Grant Date with respect to such shares of Stock or (b) within one year after the transfer of such shares of Stock to him. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by Participant in such disposition or other transfer.

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • No Disposition of Collateral Secured Party does not authorize, and Debtor agrees not to:

  • Use and Disposition of Collateral None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02

  • Application of Proceeds from Collateral All proceeds from each sale of, or other realization upon, all or any part of the Collateral by any Secured Party after an Event of Default arises shall be applied as follows:

  • Application of Collateral The proceeds of any sale, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Collateral pledged by any Grantor shall be applied by the Administrative Agent as set forth in Section 7.6 of the Credit Agreement.

  • Valuation of Collateral Securities Intermediary shall provide view only access to its systems to Secured Party for the purpose of communicating data as to the Reserve Account as of that date.

  • Sale of Collateral Secured Party may sell any or all of the Collateral at public or private sale, upon such terms and conditions as Secured Party may deem proper, and Secured Party may purchase any or all of the Collateral at any such sale. Grantor acknowledges that Secured Party may be unable to effect a public sale of all or any portion of the Collateral because of certain legal and/or practical restrictions and provisions which may be applicable to the Collateral and, therefore, may be compelled to resort to one or more private sales to a restricted group of offerees and purchasers. Grantor consents to any such private sale so made even though at places and upon terms less favorable than if the Collateral were sold at public sale. Secured Party shall have no obligation to clean-up or otherwise prepare the Collateral for sale. Secured Party may apply the net proceeds, after deducting all costs, expenses, attorneys' and paralegals' fees incurred or paid at any time in the collection, protection and sale of the Collateral and the Obligations, to the payment of the Obligations, returning the excess proceeds, if any, to Grantor. Grantor shall remain liable for any amount remaining unpaid after such application, with interest at the Default Rate. Any notification of intended disposition of the Collateral required by law shall be conclusively deemed reasonably and properly given if given by Secured Party at least ten (10) calendar days before the date of such disposition. Grantor hereby confirms, approves and ratifies all acts and deeds of Secured Party relating to the foregoing, and each part thereof, and expressly waives any and all claims of any nature, kind or description which it has or may hereafter have against Secured Party or its representatives, by reason of taking, selling or collecting any portion of the Collateral other than in the event of any intentional misconduct or gross negligence. Grantor consents to releases of the Collateral at any time (including prior to default) and to sales of the Collateral in groups, parcels or portions, or as an entirety, as Secured Party shall deem appropriate. Grantor expressly absolves Secured Party from any loss or decline in market value of any Collateral by reason of delay in the enforcement or assertion or non-enforcement of any rights or remedies under this Security Agreement.

  • Application of Collateral Proceeds The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

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