Sales of Securities. In connection with the sale of the Collateral, Agent is authorized, but not obligated, to limit prospective purchasers to the extent deemed necessary or desirable by Agent to render such sale exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws, and no sale so made in good faith by Lender shall be deemed not to be "commercially reasonable" because so made.
Appears in 6 contracts
Samples: Pledge Agreement (Nci Building Systems Inc), Pledge Agreement (Nci Building Systems Inc), Pledge Agreement (Nci Building Systems Inc)
Sales of Securities. In connection with the sale of any Collateral that is securities, the Collateral, Collateral Agent is are authorized, but not obligated, to limit prospective purchasers to the extent deemed necessary or desirable by the Collateral Agent to render such sale exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws, and no sale so made in good faith by Lender the Collateral Agent shall be deemed not to be "commercially reasonable" because so made.
Appears in 4 contracts
Samples: Security Agreement (Nascent Wine Company, Inc.), Security Agreement (Consolidated Energy Inc), Security Agreement (Consolidated Energy Inc)
Sales of Securities. In connection with the sale of any Collateral that is securities, the Collateral, Collateral Agent is authorized, but not obligated, to limit prospective purchasers to the extent deemed necessary or desirable by the Collateral Agent to render such sale exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws, and no sale so made in good faith by Lender the Collateral Agent shall be deemed not to be "commercially reasonable" because so made.
Appears in 2 contracts
Samples: Security Agreement (Broadcast International Inc), Security Agreement (Broadcast International Inc)
Sales of Securities. In connection with the sale of any Collateral that is securities, the Collateral, Collateral Agent is authorized, but not obligated, to limit prospective purchasers to the extent deemed necessary or desirable by the Collateral Agent to render such sale exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws, and no sale so made in good faith by Lender the Collateral Agent shall be deemed not to be "βcommercially reasonable" β because so made.
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