Greenmart definition
Examples of Greenmart in a sentence
At any such sale, the Collateral of the Co-Borrowers and Greenmart may be sold in one lot as an entirety or in separate parcels as the Lender may determine.
Subject to any Existing Lien and the Subordination Agreement, the election of the Lender, the Lender shall give the Co-Borrowers ten (10) days’ written notice of their intention to make any public or private sale of Collateral of the Co-Borrowers and Greenmart, which notice, in case of a public sale, shall state the time and place fixed for such sale.
If the proceeds of sale, collection or other realization of or upon the Collateral of the Co-Borrowers and Greenmart are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, the Co-Borrowers and GreenMart shall remain liable for any deficiency.
The Lender, instead of exercising the power of sale herein conferred upon it, may proceed by a suit or suits at law or in equity to foreclose the Security Interests and sell the Collateral of the Co-Borrowers and Greenmart, or any portion thereof, under a judgment or decree of a court or courts of competent jurisdiction; provided, however, that no such foreclosure, suit or suits at law or equity may negatively impact any Existing Lien or the Subordination Agreement.
If any Event of Default shall have occurred and is continuing, the Lender may exercise all the rights and remedies of a secured party under the Uniform Commercial Code with respect to the Collateral of the Co-Borrowers and Greenmart.
Subject to any Existing Lien and the Subordination Agreement, the Lender may require the Co-Borrowers to assemble all or any part of the Collateral of the Co-Borrowers and Greenmart and make it available to the Lender at a place to be designated by the Lender, which is reasonably convenient.