Common use of Sale; Incidents of Sale Clause in Contracts

Sale; Incidents of Sale. The Grantors agree that, to the extent notice of sale shall be required by Applicable Law with respect to the Disposition of any Collateral, at least ten days’ notice to the Company of the time and place of any public Disposition or the time after which any private Disposition is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any Disposition of Collateral regardless of notice of Disposition having been given. The Collateral Agent may adjourn any public or private Disposition from time to time by announcement at the time and place fixed therefor, and such Disposition may, without further notice, be made at the time and place to which it was so adjourned. With respect to any Disposition of any of the Collateral made or caused to be made by the Collateral Agent, whether made under the power of Disposition hereby given or pursuant to judicial proceedings, to the extent permitted by Applicable Law:

Appears in 23 contracts

Samples: Security Agreement (Tennessee Gas Pipeline Co), Security Agreement (El Paso Corp/De), Security Agreement (El Paso Corp/De)

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Sale; Incidents of Sale. The Grantors agree In connection with any sale of any Collateral pursuant to a Remedies Notice, the Company agrees that, to the extent notice of sale shall be required by Applicable Law with respect to the Disposition of any CollateralLaw, at least ten days' notice to the Company of the time and place of any public Disposition sale or the time after which any private Disposition sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any Disposition sale of Collateral regardless of notice of Disposition sale having been given. The Collateral Agent may adjourn any public or private Disposition sale from time to time by announcement at the time and place fixed therefor, and such Disposition sale may, without further notice, be made at the time and place to which it was so adjourned. With respect to any Disposition sale of any of the Collateral made or caused to be made by the Collateral AgentAgent in accordance with any Remedies Notice, whether made under the power of Disposition sale hereby given or pursuant to judicial proceedings, to the extent permitted by Applicable Law:

Appears in 1 contract

Samples: Security and Intercreditor Agreement (Allegheny Energy Supply Co LLC)

Sale; Incidents of Sale. The Grantors agree In connection with any sale of any Collateral pursuant to a Remedies Notice, the Company agrees that, to the extent notice of sale shall be required by Applicable Law with respect to the Disposition of any CollateralLaw, at least ten days’ notice to the Company of the time and place of any public Disposition sale or the time after which any private Disposition sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any Disposition sale of Collateral regardless of notice of Disposition sale having been given. The Collateral Agent may adjourn any public or private Disposition sale from time to time by announcement at the time and place fixed therefor, and such Disposition sale may, without further notice, be made at the time and place to which it was so adjourned. With respect to any Disposition sale of any of the Collateral made or caused to be made by the Collateral AgentAgent in accordance with any Remedies Notice, whether made under the power of Disposition sale hereby given or pursuant to judicial proceedings, to the extent permitted by Applicable Law:

Appears in 1 contract

Samples: Security and Intercreditor Agreement (Allegheny Energy Supply Co LLC)

Sale; Incidents of Sale. The Grantors agree In connection with any sale of any Collateral, the Company agrees that, to the extent notice of sale shall be required by Applicable Law with respect to the Disposition of any CollateralLaw, at least ten days' notice to the Company of the time and place of any public Disposition sale or the time after which any private Disposition sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any Disposition sale of Collateral regardless of notice of Disposition sale having been given. The Collateral Agent may adjourn any public or private Disposition sale from time to time by announcement at the time and place fixed therefor, and such Disposition sale may, without further notice, be made at the time and place to which it was so adjourned. With respect to any Disposition sale of any of the Collateral made or caused to be made by the Collateral Agent, whether made under the power of Disposition sale hereby given or pursuant to judicial proceedings, to the extent permitted by Applicable Law:

Appears in 1 contract

Samples: Security Agreement (Allegheny Energy, Inc)

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Sale; Incidents of Sale. The Grantors agree In connection with any sale of any Collateral by the Collateral Agent after an Event of Default has occurred and is continuing, the Grantor agrees that, to the extent notice of sale shall be required by Applicable Law with respect to the Disposition of any CollateralLaw, at least ten days’ notice to the Company Grantor of the time and place of any public Disposition sale or the time after which any private Disposition sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any Disposition sale of Collateral regardless of notice of Disposition sale having been given. The Collateral Agent may adjourn any public or private Disposition sale from time to time by announcement at the time and place fixed therefor, and such Disposition sale may, without further notice, be made at the time and place to which it was so adjourned. With respect to any Disposition sale of any of the Collateral made or caused to be made by the Collateral Agent, whether made under the power of Disposition sale hereby given or pursuant to judicial proceedings, to the extent permitted by Applicable Law:

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Allegheny Energy, Inc)

Sale; Incidents of Sale. The Grantors agree In connection with any sale of any Collateral by the Collateral Agent after an Event of Default has occurred and is continuing, the Grantor agrees that, to the extent notice of sale shall be required by Applicable Law with respect to the Disposition of any CollateralLaw, at least ten days' notice to the Company Grantor of the time and place of any public Disposition sale or the time after which any private Disposition sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any Disposition sale of Collateral regardless of notice of Disposition sale having been given. The Collateral Agent may adjourn any public or private Disposition sale from time to time by announcement at the time and place fixed therefor, and such Disposition sale may, without further notice, be made at the time and place to which it was so adjourned. With respect to any Disposition sale of any of the Collateral made or caused to be made by the Collateral Agent, whether made under the power of Disposition sale hereby given or pursuant to judicial proceedings, to the extent permitted by Applicable Law:

Appears in 1 contract

Samples: Security Agreement (Allegheny Energy, Inc)

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