Rights to Liquidate Underlying Loans and Collateral. Each of the Initial Member and, so long as any Purchase Money Note is outstanding and not fully discharged, the Purchase Money Notes Guarantor shall have the right, exercisable in its sole and absolute discretion, to require the liquidation and sale, for cash consideration, of any remaining Underlying Loans, other Collateral or Acquired Property held by Debtor or any Ownership Entity at any time after the earlier to occur of (a) the seventh anniversary of the Closing Date or
Appears in 4 contracts
Samples: Security and Guaranty Agreement, Security and Guaranty Agreement by And, Security and Guaranty Agreement
