Common use of Purchase of Collateral Clause in Contracts

Purchase of Collateral. Any Creditor may purchase Collateral at any public sale of such Collateral pursuant to any of the Security Documents and may make payment on account thereof by using any outstanding Obligation then due and payable to such Creditor from the person which granted a security interest in such Collateral as a credit against the purchase price to the extent, but only to the extent such action (i) has been approved by a Majority of Each Group and (ii) does not contravene any requirement of law.

Purchase of Collateral. Any Creditor may purchase Collateral at any public sale of such Collateral pursuant to any of the Security Documents and may make payment on account thereof by using any outstanding Obligation then due and payable to such Creditor from the person which granted a security interest in such Collateral as a credit against the purchase price to the extent, but only to the extent such action (i) has been approved by a the Majority of Each Group Creditors and (ii) does not contravene any requirement of lawApplicable Law (as defined in the Credit Agreement).

Purchase of Collateral. Any Creditor may purchase Collateral at any public sale of such Collateral pursuant to any of the Security Documents and may make payment on account thereof by using any outstanding Obligation then due and payable to such Creditor from the person which granted a security interest in such Collateral as a credit against the purchase price to the extent, but only to the extent such action (i) has been approved by a the Majority of Each Group Creditors and (ii) does not contravene any requirement of lawapplicable laws.

Purchase of Collateral. Any Participating Creditor may purchase Collateral at any public sale of such Collateral pursuant to any of the Security Documents and may make payment on account thereof by using any outstanding Outstanding Obligation then due and payable to such Participating Creditor from the person which that granted a security interest in such Collateral as a credit against the purchase price to the extent, but only to the extent such action (i) has been extent, approved by a Majority of Each Group and (ii) does not contravene any requirement of lawthe Required Creditors.

Purchase of Collateral. Any Creditor Noteholder (or the Collateral Agent on behalf of all the Noteholders with the consent and direction of each of the Noteholders) may purchase Collateral at any public sale of such Collateral pursuant to any of the Security Collateral Documents and may make payment on account thereof by using any outstanding Obligation claim then due and payable to such Creditor Noteholder (or all the Noteholders, in the case of a purchase by the Collateral Agent) from the person which granted a security interest in such Collateral as a credit against the purchase price to the extent, but only to the extent such action (i) has been approved by a Majority of Each Group and (ii) does not contravene any requirement of lawprice.

Purchase of Collateral. Any Participating Creditor may purchase Collateral at any public sale of such Collateral pursuant to any of the Security Documents and may make payment on account thereof by using any outstanding Outstanding Obligation then due and payable to such Participating Creditor from the person which Person that granted a security interest in such Collateral as a credit against the purchase price to the extent, but only to the extent such action (i) has been extent, approved by a Majority of Each Group and (ii) does not contravene any requirement of lawthe Required Creditors.