Common use of Private Sale Clause in Contracts

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 23 contracts

Samples: Joinder Agreement (Sierra Income Corp), Pledge and Security Agreement (Barings Capital Investment Corp), Guarantee, Pledge and Security Agreement (Fifth Street Finance Corp)

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Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 conducted in a commercially reasonable manner8.01. Each Obligor Loan Party hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such ; it being understood that a private sale was conducted in accordance with this Section 8.03 that satisfies the requirements set forth in Section 8.01(e) shall be deemed to have been conducted in a commercially reasonable manner.

Appears in 7 contracts

Samples: Guarantee and Security Agreement (Nuveen Mortgage Opportunity Term Fund 2), Guarantee and Security Agreement (Western Asset Mortgage Defined Opportunity Fund Inc.), Guarantee and Security Agreement

Private Sale. The Collateral Agent and the No Secured Parties Party shall incur no any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 conducted in a commercially reasonable manner. Each Obligor So long as such sale is conducted in a commercially reasonable manner, each Securing Party hereby waives any claims against the Collateral Agent or any other Secured Party Parties arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Administrative Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 4 contracts

Samples: Credit Agreement (Lamar Advertising Co/New), Credit Agreement (Lamar Advertising Co), Credit Agreement (Ohio Logos Inc)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 4.05 conducted in a commercially reasonable manner. Each Obligor Grantor hereby waives any claims against the Collateral Agent Administrative Agent, the Secured Parties or any other Secured Party of them arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent Administrative Agent, the Secured Parties or any of them accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 4 contracts

Samples: Security Agreement (Axogen, Inc.), Security Agreement (Biodelivery Sciences International Inc), Security Agreement (Omeros Corp)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 4.05 conducted in a commercially reasonable manner. Each Obligor Grantor hereby waives any claims against Administrative Agent, the Collateral Agent Secured Parties or any other Secured Party of them arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if Administrative Agent, the Collateral Agent Secured Parties or any of them accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 3 contracts

Samples: Security Agreement (Sanara MedTech Inc.), Security Agreement (Alignment Healthcare, Inc.), Security Agreement (Alignment Healthcare, Inc.)

Private Sale. The Collateral Agent and None of the Secured Parties shall incur no any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 3 contracts

Samples: Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc)

Private Sale. The Collateral Agent and the No Secured Parties Party shall incur no any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 6.05 conducted in a commercially reasonable manner. Each Obligor So long as such sale is conducted in a commercially reasonable manner, Holdings hereby waives any claims against the Collateral Agent or any other Secured Party Parties arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Administrative Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 2 contracts

Samples: Credit Agreement (Lamar Advertising Co/New), Credit Agreement (Lamar Media Corp/De)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.. 8.06

Appears in 2 contracts

Samples: Guarantee, Pledge and Security Agreement (Capital Southwest Corp), Pledge and Security Agreement (Barings BDC, Inc.)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising solely by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 2 contracts

Samples: Assignment and Assumption (Goldman Sachs BDC, Inc.), Guarantee and Security Agreement (New Mountain Finance Corp)

Private Sale. The Collateral Agent and the First Lien Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 this Agreement conducted in a commercially reasonable manner. Each Obligor Subsidiary Guarantor hereby waives any claims against the Collateral Agent or any other First Lien Secured Party Parties arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured First Lien Obligations, even if the First Lien Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: First Lien Brandco Guarantee and Security Agreement (Revlon Inc /De/)

Private Sale. The Collateral Agent and the Secured Parties Lenders shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 hereof conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party Lender arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Pledge and Security Agreement (Smithfield Foods Inc)

Private Sale. The Collateral Agent and None of the Secured Parties shall incur no any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 conducted in a commercially reasonable mannermanner and otherwise in compliance with the UCC. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent Trustee accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Shared Security Agreement (Panamsat Corp /New/)

Private Sale. The Collateral Agent and the Secured Parties Creditors shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 hereof conducted in a commercially reasonable manner. Each Obligor The Company hereby waives any claims against the Collateral Agent or any other Secured Party Creditor arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Pledge Agreement (Enhance Financial Services Group Inc)

Private Sale. The Collateral Agent and the other Secured Parties Parties, respectively, shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale sale, pursuant to Section 8.03 8.5, conducted in a commercially reasonable manner. Each Obligor The Company hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Account and Security Agreement (Igen International Inc /De)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as to the Obligors as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 4.05 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party Parties arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Pledge and Security Agreement (PLBY Group, Inc.)

Private Sale. The Collateral Agent and None of the Secured Parties shall incur no any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.04 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security Agreement (Radnor Holdings Corp)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 6.05 conducted in a commercially reasonable manner. Each Obligor Securing Party hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security and Guarantee Agreement (Solutia Inc)

Private Sale. The Collateral Agent and the other Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.06 conducted in a commercially reasonable manner. Each Obligor Grantor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security Agreement (Smithfield Foods Inc)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 4.05 conducted in a commercially reasonable manner. Each Obligor The Borrower hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Subordination and Security Agreement (Chartermac)

Private Sale. The Collateral Agent and the Secured Parties (a) No Lender Party shall incur no any liability as a result of the sale sale, lease or other disposition of the Collateral, all or any part thereof, of the Collateral at any private sale pursuant to Section 8.03 6.01 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Lender Party arising that may arise by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Administrative Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Credit Agreement (Salem Communications Corp /De/)

Private Sale. The Collateral Agent and the other Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 4.05 conducted in a commercially reasonable manner. Each Obligor The Company hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Credit Agreement (Cambrex Corp)

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Private Sale. The Collateral Agent and the other Secured Parties ------------- Parties, respectively, shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale sale, pursuant to Section 8.03 8.5, conducted in a commercially reasonable manner. Each Obligor The Company hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Account and Security Agreement (Igen International Inc /De)

Private Sale. The (a) Neither the Collateral Agent and the nor any Secured Parties Party shall incur no any liability as a result of the sale sale, lease or other disposition of the Collateral, all or any part thereof, of the Collateral at any private sale pursuant to Section 8.03 5.01 conducted in a commercially reasonable manner. Each Obligor The Pledgor hereby waives any claims against the Collateral Agent or any other Secured Party arising that may arise by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Pledge Agreement (Leap Wireless International Inc)

Private Sale. The Collateral Agent Custodian and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 6.02 conducted in a commercially reasonable manner. Each Obligor Grantor hereby waives any claims against the Collateral Agent Custodian or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent Custodian accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Capitalsource Inc)

Private Sale. (a) The Collateral Agent and the other Secured Parties shall incur no liability as a result of the sale sale, lease or other disposition of the Collateral, all or any part thereof, of the Collateral at any private sale pursuant to Section 8.03 6.1 conducted in a commercially reasonable manner. Each Obligor Grantor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security Agreement (Pemco Aviation Group Inc)

Private Sale. The Collateral Agent and None of the Secured Parties shall incur no any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.04 conducted in a commercially reasonable mannermanner and otherwise in compliance with the NYUCC. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent Trustee accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Shared Security Agreement (Westwood One Inc /De/)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security Agreement (Somerset Power LLC)

Private Sale. The Neither the Collateral Agent and the nor any other Secured Parties Party shall incur no any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security Agreement (Chart Industries Inc)

Private Sale. The Collateral Agent and the Secured Parties (a) No Lender Party shall incur no any liability as a result of the sale sale, lease or other disposition of the Collateral, all or any part thereof, of the Collateral at any private sale pursuant to Section 8.03 6.01 conducted in a commercially reasonable manner. Each The Obligor hereby waives any claims against the Collateral Agent or any other Secured Lender Party arising that may arise by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Administrative Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Credit Agreement (Salem Communications Corp /De/)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 7.03 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Guarantee, Pledge and Security Agreement (FS Energy & Power Fund)

Private Sale. The Collateral Agent and the Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 conducted in a commercially reasonable manner. Each The Obligor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security Agreement (Somerset Power LLC)

Private Sale. The Collateral Agent and the Secured Parties Lenders shall incur ------------ no liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.04 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against the Collateral Agent or any other Secured Party Lender arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security Agreement (Smithfield Foods Inc)

Private Sale. The Collateral Agent and the No Secured Parties Party shall incur no any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 8.03 6.05 conducted in a commercially reasonable manner. Each Obligor So long as such sale is conducted in a commercially reasonable manner, Holdings hereby waives any claims against the Collateral Agent or any other Secured Party Parties arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Administrative Agent accepts the first offer received and does not offer the Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.. Holdings Guaranty and Pledge Agreement

Appears in 1 contract

Samples: Credit Agreement (Ohio Logos Inc)

Private Sale. The Collateral Agent and the No Secured Parties Party shall incur no liability as a result of the sale of the Pledged Collateral, or any part thereof, at any private sale pursuant to Section 8.03 5.05 hereof conducted in a commercially reasonable manner. Each Obligor Debtor hereby waives any claims against the Collateral Agent or any other Secured Party arising by reason of the fact that the price at which the Pledged Collateral may have been sold at any such a private sale held in a commercially reasonable manner was less than the price which that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Administrative Agent accepts the first offer received and does not offer the Pledged Collateral to more than one offeree, so long as such private sale was conducted in a commercially reasonable manner.

Appears in 1 contract

Samples: Security Agreement (Tuesday Morning Corp/De)

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