NCMC definition
Examples of NCMC in a sentence
NCMC agrees to, from time to time upon the request of the Buyer, execute and deliver such further documents and do such other acts and things as the Buyer may reasonably request in order to effectuate the purposes of this Guaranty.
Further, NCMC recognizes and agrees that (i) the Pledged Collateral is not unique, (ii) NCMC will not be irreparably harmed if the Pledged Collateral is liquidated by the Buyer upon an Event of Default, and (iii) in the event NCMC has a claim or cause of action against the Buyer for liquidation of the Pledged Collateral or other actions of the Buyer, money damages will be sufficient to satisfy such claim or cause of action.
NCMC agrees not to seek any equitable or other relief to delay or prevent the Buyer from exercising its right to liquidate the Pledged Collateral upon an Event of Default.
NCMC, by executing and delivering this Guaranty, has granted and hereby grants to the Buyer, as security for the Obligations, a security interest in the Pledged Collateral that may be subject to the UCC.
If at any time the Buyer notifies NCMC that it requires additional conveyance powers endorsed in blank, NCMC shall promptly execute in blank and deliver the requested power to the requesting party.