Common use of Sell the Collateral Clause in Contracts

Sell the Collateral. The Secured Party shall have full power to sell, lease, transfer, or otherwise deal with the Collateral or proceeds thereof in its own name or that of Grantor. The Secured Party may sell the Collateral at public auction or private sale. Unless the Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market, the Secured Party will give Grantor reasonable notice of the time after which any private sale or any other intended disposition of the Collateral is to be made. The requirements of reasonable notice shall be met if such notice is given at least ten (10) days before the time of the sale or disposition. All expenses relating to the disposition of the Collateral, including without limitation the expenses of retaking, holding, insuring, preparing for sale and selling the Collateral, shall become a part of the Obligations secured by this Agreement and shall be payable on demand, with interest at the Floating Rate from date of expenditure until repaid.

Appears in 3 contracts

Samples: Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc)

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Sell the Collateral. The Secured Party shall have full power to sell, lease, transfer, or otherwise deal with the Collateral or proceeds thereof in its own name or that of GrantorDebtor. The Secured Party may sell the Collateral at public auction or private sale. Unless the Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market, the Secured Party will give Grantor Debtor reasonable notice of the time after which any private sale or any other intended disposition of the Collateral is to be made. The requirements of reasonable notice shall be met if such notice is given at least ten (10) days or such lesser time as required by state law, before the time of the sale or disposition. All expenses relating to the disposition of the Collateral, including without limitation the expenses of retaking, holding, insuring, preparing for sale and selling the Collateral, shall become a part of the Obligations Indebtedness secured by this Agreement and shall be payable on demand, with interest at the Floating Rate Note rate from date of expenditure until repaid.

Appears in 2 contracts

Samples: Security Agreement (Welund Fund Inc), Security Agreement (Remedent, Inc.)

Sell the Collateral. The Secured Party shall have full power to sell, lease, transfer, or otherwise deal with the Collateral or proceeds thereof in its own name or that of Grantor. The Secured Party may sell the Collateral at public auction or private sale. Unless the Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market, the Secured Party will give Grantor reasonable notice of the time after which any private sale or any other intended disposition of the Collateral is to be made. The requirements of reasonable notice shall be met if such notice is given at least ten (10) days before the time of the sale or disposition. All expenses relating to the disposition of the Collateral, including without limitation the expenses of retaking, holding, insuring, preparing for sale and selling the Collateral, shall become a part of the Obligations Indebtedness secured by this Agreement and shall be payable on demand, with interest at the Floating Default Rate set forth in the Note from date of expenditure until repaid.

Appears in 1 contract

Samples: Commercial Security Agreement (Giant Motorsports Inc)

Sell the Collateral. The Secured Party shall have full power to sell, lease, transfer, or transfer and otherwise deal with the Collateral or proceeds thereof in its own name or that of GrantorDebtor. The Secured Party may sell the Collateral at public auction or private sale. Unless the Collateral threatens to decline speedily rapidly in value or is of a type customarily sold on a recognized market, the Secured Party will give Grantor Debtor reasonable notice of the time after which any private sale or any other intended disposition of the Collateral is to be made. The requirements of reasonable notice shall be met if such notice is given at least ten (10) days before the time of the sale or disposition. All expenses relating to the disposition of the Collateral, including without limitation the expenses of retaking, holding, insuring, preparing for sale and selling the Collateral, Collateral shall become a part of the Obligations Indebtedness secured by this Agreement Security Agreement, and shall be payable on demand, with interest at the Floating Rate default rate provided in the Note from date of expenditure until repaid.

Appears in 1 contract

Samples: Security Agreement (Simula Inc)

Sell the Collateral. The Secured Party shall have full power to sell, lease, transfer, or and otherwise deal with the Collateral or proceeds thereof in its own name or that of GrantorDebtor. The Secured Party may sell the Collateral at public auction or private sale. Unless the Collateral threatens to decline speedily rapidly in value or is of a type customarily sold on a recognized market, the Secured Party will give Grantor Debtor reasonable notice of the time after which any private sale or any other intended disposition of the Collateral is to be made. The requirements of reasonable notice shall be met if such notice is given at least ten (10) days before the time of the sale or disposition. All expenses relating to the disposition of the Collateral, including without limitation the expenses of retaking, holding, insuring, preparing for sale and selling the Collateral, Collateral shall become a part of the Obligations Indebtedness secured by this Agreement Agreement, and shall be payable on demand, with interest at the Floating Rate default rate provided in the Note from date of expenditure until repaid.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tesseract Group Inc)

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Sell the Collateral. The Secured Party shall have the full power to sell, lease, transfer, transfer or otherwise deal with the Collateral or proceeds thereof in its own name or that of GrantorDebtor. The Secured Party may sell the Collateral at public auction or private sale. Unless the Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market, the Secured Party will give Grantor Debtor reasonable notice of the time after which any private sale or any other intended disposition of the Collateral is to be made. The requirements of reasonable notice shall be met if such notice is given at least last ten (10) days before the time of the sale or disposition. All expenses relating to the disposition of the Collateral, including without limitation the expenses of retaking, holding, insuring, preparing for sale and selling the Collateral, shall become a part of the Obligations indebtedness secured by this Security Agreement and shall be payable on demand, demand with interest at the Floating Rate Note rate from the date of expenditure until repaid.

Appears in 1 contract

Samples: Security Agreement (Heska Corp)

Sell the Collateral. The Secured Party shall have full power to sell, lease, transfer, transfer or otherwise deal with the Collateral or proceeds thereof in its own name or that of Grantorthe Debtor. The Secured Party may sell the Collateral at public auction or private sale. Unless the Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market, the Secured Party will give Grantor the Debtor reasonable notice of the time after which any private sale or any other intended disposition of the Collateral is to be made. The requirements of reasonable notice shall be met if such notice is given at least ten (10) days before the time of the sale or disposition. All reasonable expenses relating to the disposition of the Collateral, including without limitation the expenses of retaking, holding, insuring, preparing for sale holding and selling the Collateral, shall become a part of the Obligations Indebtedness secured by this Pledge Agreement and shall be payable on demand, with interest at the Floating Rate rate specified in the Note from date of expenditure until repaid.

Appears in 1 contract

Samples: Pledge Agreement (Q Matrix Inc)

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