Common use of Right to Liquidate Clause in Contracts

Right to Liquidate. The Parties acknowledge and agree that Buyer’s right to liquidate Purchased Assets delivered to it in connection with Transactions hereunder or to exercise any other remedies pursuant to Articles 10 and 11 and as otherwise provided in the Repurchase Documents is a contractual right to liquidate such Transactions as described in Section 555, 559 and 561 of the Bankruptcy Code.

Right to Liquidate. The Parties acknowledge and agree that BuyerAgent’s right to liquidate the Purchased Assets Asset delivered to it in connection with Transactions the Transaction hereunder or to exercise any other remedies pursuant to Articles 10 and 11 and as otherwise provided in the Repurchase Documents is a contractual right to liquidate such Transactions the Transaction as described in Section 555, 559 and 561 of the Bankruptcy Code.

Right to Liquidate. The Parties acknowledge and agree It is understood that Buyereither party’s right to liquidate Purchased Assets Items and Residual Collateral delivered to it in connection with Transactions hereunder or to exercise terminate or accelerate obligations under this Agreement or any other remedies pursuant to Articles 10 and 11 and as otherwise provided in the Repurchase Documents is a individual Transaction, are contractual right to liquidate such Transactions rights for same as described in Section 555, Sections 555 and 559 and 561 of the Bankruptcy Code.. 69 LEGAL02/40464938v16