Common use of Rights of Purchasers Clause in Contracts

Rights of Purchasers. Upon any sale of the Collateral (whether public or private), Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including Lender) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of Borrower, and Borrower, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the right to redeem the Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 2 contracts

Samples: Security Agreement (Janus American Group Inc), Second Security Agreement (Janus American Group Inc)

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Rights of Purchasers. Upon any sale of the Collateral (whether public or private), Lender the Seller shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including Lenderthe Seller) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of Borrowerthe Buyer, and Borrowerthe Buyer, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the right to redeem the Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Natural Gas Services Group Inc), Security Agreement (Doughties Foods Inc)

Rights of Purchasers. Upon any sale of the Collateral (whether -------------------- public or private), Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including Lender) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of BorrowerLessee, and BorrowerLessee, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the right to redeem the Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 2 contracts

Samples: Security Agreement (Apple Hospitality Two Inc), Security Agreement (Apple Hospitality Two Inc)

Rights of Purchasers. Upon any sale of the Pledged Collateral (whether public or private), the Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including the Lender) at any such sale shall hold the Pledged Collateral so sold absolutely, free from any claim or right of whatever kind, including any equity or right of redemption of Borrower, and Borrowerthe Pledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the any right to redeem the Pledged Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Credit Agreement (Hooker Funiture Corp Employee Stock Ownership Plan Trust)

Rights of Purchasers. Upon any sale of the Collateral (whether public or private), Lender the Provider shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including Lenderthe Provider) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of Borrowerthe Client, and Borrowerthe Client, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the right to redeem the Collateral under Section Sections 9-506 623 and 9-624 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Security Agreement (Summer Energy Holdings Inc)

Rights of Purchasers. Upon any sale of the Collateral (whether public or private), Lender the Agent shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including Lenderthe Agent and the other Secured Parties) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of Borrowerany Pledgor, and Borrowereach Pledgor, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, including the right to redeem the Collateral under Section ss. 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Pledge and Security Agreement (Kendle International Inc)

Rights of Purchasers. Upon any sale of the Pledged Collateral (whether public or private), Lender the Provider shall have the right to deliver, assign and transfer to the purchaser thereof the Pledged Collateral so sold. Each purchaser (including Lenderthe Provider) at any such sale shall hold the Collateral so sold absolutely, free from any claim or right of whatever kind, including any equity or right of redemption of Borrower, and Borrowerthe Pledgor who, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the any right to redeem the Pledged Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Membership Interest Pledge Agreement (Summer Energy Holdings Inc)

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Rights of Purchasers. Upon any sale of the Collateral (whether public or private), Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including Lender) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of BorrowerOperating Tenant, and BorrowerOperating Tenant, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, the right to redeem the Collateral under Section 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Security Agreement (Moody National REIT I, Inc.)

Rights of Purchasers. Upon any sale of the Collateral (whether public or private)) consistent with the terms of this Agreement, the Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the Lender) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of Borrower, and Borrower, the Debtor to the extent permitted by law, . The Debtor hereby specifically waives all rights of redemption, including, without limitation, including the right to redeem the Collateral under Section 9-506 623 of the UCC, and any right to a judicial or other stay or approval which that it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Loan and Security Agreement

Rights of Purchasers. Upon any sale of the Collateral -------------------- (whether public or private), Lender the Agent shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including Lenderthe Agent and the other Secured Parties) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of Borrowerany Grantor, and Borrowereach Grantor, to the extent permitted by law, hereby specifically waives all rights of redemption, including, without limitation, including the right to redeem the Collateral under Section (S) 9-506 of the UCC, and any right to a judicial or other stay or approval which it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Pledge and Security Agreement (Firearms Training Systems Inc)

Rights of Purchasers. Upon any sale of the Collateral (whether public or private)) consistent with the terms of this Agreement, the Lender shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold. Each purchaser (including the Lender) at any such sale shall hold the Collateral so sold free from any claim or right of whatever kind, including any equity or right of redemption of Borrower, and Borrower, the Debtor to the extent permitted by law, . The Debtor hereby specifically waives all rights of redemption, including, without limitation, the right to redeem the Collateral under Section 9-506 623 of the UCC, and any right to a judicial or other stay or approval which that it has or may have under any law now existing or hereafter adopted.

Appears in 1 contract

Samples: Loan and Security Agreement

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