Secured Party as Purchaser. The Secured Party will have the right to become the purchaser at any foreclosure sale, and it will have the right to credit upon the amount of the bid the amount payable to it out of the net proceeds of sale. Upon compliance with the terms of any sale, the Secured Party may receive, hold, retain, possess and dispose of such property in its own absolute right without further accountability.
Appears in 4 contracts
Samples: Security Agreement (Westwater Resources, Inc.), Loan Agreement (Westwater Resources, Inc.), Loan Agreement (Uranium Resources Inc /De/)
Secured Party as Purchaser. The Secured Party will have the right to become the purchaser at any foreclosure sale, and it will have the right to credit upon the amount of the bid the amount payable to it out of the net proceeds Proceeds of sale. Upon compliance with the terms of any sale, the Secured Party may receive, hold, retain, possess and dispose of such property in its own absolute right without further accountability.
Appears in 4 contracts
Samples: Security Agreement for Inventory Backed Borrowing (Intelect Communications Inc), Security and Pledge Agreement (Intelect Communications Inc), Borrower Pledge Agreement (Intelect Communications Inc)
Secured Party as Purchaser. The Secured Party will have the right to become the purchaser at any foreclosure sale, and it will have the right to credit upon the amount of the bid the amount payable to it out of the net proceeds of sale. Upon compliance with the terms of any sale, the Secured Party may receive, hold, retain, possess and dispose of such property in its own absolute right without further accountability.
Appears in 2 contracts
Samples: Pledge Agreement (Intelect Communications Inc), Borrower Pledge Agreement (Intelect Communications Systems LTD)
