Common use of Liquidation of Collateral Clause in Contracts

Liquidation of Collateral. Sell, or instruct any agent or broker to sell, all or any part of the Collateral in a public or private sale, direct any agent or broker to liquidate all or any part of any account and deliver all proceeds thereof to Lender, and apply all proceeds to the payment of any or all of the Indebtedness in such order and manner as Lender shall, in its discretion, choose or hold such proceeds as additional Collateral for the Indebtedness.

Appears in 2 contracts

Samples: Pledge Agreement (Blue Dolphin Energy Co), Pledge Agreement (Blue Dolphin Energy Co)

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Liquidation of Collateral. Sell, or instruct any agent Agent or broker Broker to sell, all or any part of the Collateral in a public or private sale, direct any agent Agent or broker Broker to liquidate all or any part of any account Account and deliver all proceeds thereof to LenderBank, and apply all proceeds to the payment of any or all of the Indebtedness Obligations in such order and manner as Lender Bank shall, in its discretion, choose choose, or hold such proceeds as additional Collateral exercise any remedy provided for in Section F or G hereof, in the IndebtednessLoan Agreement or in the Note.

Appears in 2 contracts

Samples: Pledge Agreement (Independent Bank Group, Inc.), Pledge Agreement (Independent Bank Group Inc)

Liquidation of Collateral. Sell, or instruct any agent or broker to sell, all or any part of the Collateral (as defined in Section 2 of the Pledge Agreement) in a public or private sale, direct any agent or broker to liquidate all or any part of any account and deliver all proceeds thereof to LenderObligee, and apply all proceeds to the payment of any or all other satisfaction of the Indebtedness Obligations in such order and manner as Lender Obligee shall, in its discretion, choose or hold such proceeds as additional Collateral for the Indebtednesschoose.

Appears in 1 contract

Samples: Repayment Agreement (Tatham Thomas P)

Liquidation of Collateral. Sell, or instruct any agent or broker to sell, all or any part of the Collateral in a public or private sale, direct any agent or broker to liquidate all or any part of any account and deliver all proceeds thereof to Lender, and apply all proceeds to the payment of any or all of the Indebtedness in such order and manner as Lender shall, in its discretion, choose or hold such proceeds as additional Collateral for the Indebtedness. Lender shall have all rights with respect to the Collateral as set forth in the Note.

Appears in 1 contract

Samples: Pledge and Control Agreement (United eSystems, Inc.)

Liquidation of Collateral. Sell, or instruct any agent Agent or broker Broker to sell, all or any part of the Collateral in a public or private sale, direct any agent Agent or broker Broker to liquidate all or any part of any account Account and deliver all proceeds thereof to LenderBank, and apply all proceeds to the payment of any or all of the Indebtedness Obligation in such order and manner as Lender Bank shall, in its discretion, choose or hold such proceeds as additional Collateral for the Indebtedness.choose. Approved: 05/01/96 Revised: 05/28/96

Appears in 1 contract

Samples: Closure Medical Corp

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Liquidation of Collateral. Sell, or instruct any agent Agent or broker Broker to sell, all or any part of the Collateral in a public or private sale, direct any agent Agent or broker Broker to liquidate all or any part of any account Account and deliver all proceeds thereof to Lender, Bank and apply all proceeds to the payment of any or all of the Indebtedness Obligation in such order and manner as Lender Bank shall, in its discretion, choose or hold such proceeds as additional Collateral for the Indebtednesschoose.

Appears in 1 contract

Samples: Kanders Florida Holdings Inc

Liquidation of Collateral. Sell, or instruct any agent Agent or broker Broker to sell, all or any part of the Collateral in a public or private sale, direct any agent Agent or broker Broker to liquidate all or any part of any account Account and deliver all proceeds thereof to LenderBank, and apply all proceeds to the payment of any or all of the Indebtedness Obligations in such order and manner as Lender Bank shall, in its discretion, choose choose, or hold such proceeds as additional Collateral exercise any remedy provided for in Section F or G, in the IndebtednessLoan Agreement or in the Note.

Appears in 1 contract

Samples: Pledge Agreement (Independent Bank Group, Inc.)

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