Common use of Possession and Sale Clause in Contracts

Possession and Sale. NECOM may take possession of the Collateral and sell, lease or otherwise dispose of it in accordance with applicable law, provided, however, that NECOM shall give WMEC no less than ten (10) days' advance notice of any sale or other disposition of Collateral. This notice shall be given by United States first-class, registered or certified mail with postage prepaid (in which event notice shall be deemed to have been given when so deposited in the mail) or by hand delivery, to WMEC's address specified at the head of this Agreement. Such possession shall include, without limitation, NECOM's right to operate, control and maintain the Cable, NUNet and any Structures, Equipment, Cable Accessories and New Buildings required for the usual and customary operation of NUNet, either directly or through the use of licensed and qualified contractors. At any public sale or other disposition of the Collateral, NECOM shall be entitled to bid the amount of all obligations secured hereby and take title to NUNet in accordance with applicable laws. Alternatively, NECOM may, after required notice, retain the Collateral in satisfaction of the obligations secured hereby.

Possession and Sale. NECOM may take possession of the Collateral and sell, lease or otherwise dispose of it in accordance with applicable law, provided, however, that NECOM shall give WMEC CLPC no less than ten (10) days' advance notice of any sale or other disposition of Collateral. This notice shall be given by United States first-class, registered or certified mail with postage prepaid (in which event notice shall be deemed to have been given when so deposited in the mail) or by hand delivery, to WMECCLPC's address specified at the head of this Agreement. Such possession shall include, without limitation, NECOM's right to operate, control and maintain the Cable, NUNet and any Structures, Equipment, Cable Accessories and New Buildings required for the usual and customary operation of NUNet, either directly or through the use of licensed and qualified contractors. At any public sale or other disposition of the Collateral, NECOM shall be entitled to bid the amount of all obligations secured hereby and take title to NUNet in accordance with applicable laws. Alternatively, NECOM may, after required notice, retain the Collateral in satisfaction of the obligations secured hereby.

Possession and Sale. NECOM may take possession of the Collateral and sell, lease or otherwise dispose of it in accordance with applicable law, provided, however, that NECOM shall give WMEC PSNH no less than ten (10) days' advance notice of any sale or other disposition of Collateral. This notice shall be given by United States first-class, registered or certified mail with postage prepaid (in which event notice shall be deemed to have been given when so deposited in the mail) or by hand delivery, to WMECPSNH's address specified at the head of this Agreement. Such possession shall include, without limitation, NECOM's right to operate, control and maintain the Cable, NUNet and any Structures, Equipment, Cable Accessories and New Buildings required for the usual and customary operation of NUNet, either directly or through the use of licensed and qualified contractors. At any public sale or other disposition of the Collateral, NECOM shall be entitled to bid the amount of all obligations secured hereby and take title to NUNet in accordance with applicable laws. Alternatively, NECOM may, after required notice, retain the Collateral in satisfaction of the obligations secured hereby.