Common use of Sell Securities Clause in Contracts

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 7 contracts

Samples: Business Loan Agreement (Landmark Bancorp Inc), Commercial Pledge Agreement (ERBA Diagnostics, Inc.), Pledge and Security Agreement (Monarch Cement Co)

AutoNDA by SimpleDocs

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, Grantor nor any member of Grantor's family, nor any other person signing this Agreement family will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Lifepoint Inc), Commercial Pledge and Security Agreement (Utek Corp), Commercial Pledge Agreement (Training Devices International Inc)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state sate securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private priate sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under department xxxxxx state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's ’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Sterion Inc), Commercial Pledge Agreement (Sterion Inc)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees Grantors agree that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor Grantors or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees Grantors agree that neither GrantorGrantors, nor any member of Grantor's familyGrantors’ families, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent. Foreclosure. Maintain a judicial suit for foreclosure and sale of the Collateral.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Shepherd's Finance, LLC), Commercial Pledge Agreement (Shepherd's Finance, LLC)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Xxxxxx is unable, or believes Lender Xxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Xxxxxxx agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining LenderXxxxxx's prior written consent.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Premier Financial Bancorp Inc), Commercial Pledge Agreement (LSB Industries Inc)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is Lenders are unable, or believes Lender is believe Lenders are unable, to sell the securities in an open market transaction, Grantor agrees that Lender Lenders will have no obligation to delay sale until the securities can be registered. Then Lender Lenders may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's Lenders’ prior written consent. Foreclosure. Maintain a judicial suit for foreclosure and sale of the Collateral.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Shepherd's Finance, LLC), Commercial Pledge Agreement (Shepherd's Finance, LLC)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's ’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Wayside Technology Group, Inc.), Commercial Pledge Agreement (Houston Post Oak Partners LTD)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in In a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if If Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 2 contracts

Samples: Pledge Agreement (Peoples Bancorp Inc), Commercial Pledge Agreement (Peoples Bancorp Inc)

Sell Securities. Sell any securities included in the Collateral in a the manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, persons even though through such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, Borrower nor any member of the borrower's family and neither Grantor nor any member of Grantor's family, nor any other person signing this Agreement family will sell or dispose of any securities of such issuer without obtaining containing Lender's prior written consent.

Appears in 2 contracts

Samples: Pledge Agreement (Granite Falls Energy, LLC), Pledge Agreement (Granite Falls Energy, LLC)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, If because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Granter agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Commercial Pledge and Security Agreement (Bj Chicago LLC)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Xxxxxx is unable, or believes Lender Xxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale safe to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's ’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent. Foreclosure. Maintain a judicial suit for foreclosure and sale of the Collateral.

Appears in 1 contract

Samples: Business Loan Agreement (Loyalty Alliance Enterprise Corp)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Lxxxxx is unable, or believes Lender Lxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's ’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer Issuer without obtaining Lender's ’s prior written consent.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Schermer Robert E Jr)

Sell Securities. Sell Lender may sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor Borrower agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons Persons or to a restricted group of personsPersons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral Borrower is an affiliate of the issuer of the securities, Grantor Xxxxxxxx agrees that neither Grantor, Borrower nor any member agent of Grantor's family, nor any other person signing this Agreement Borrower will sell or dispose of any securities of such issuer without obtaining Lender's Xxxxxx’s prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Wisa Technologies, Inc.)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Xxxxxx is unable, or believes Lender Xxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor . Xxxxxxx agrees that neither Grantor, nor not any member of GrantorXxxxxxx's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining LenderXxxxxx's prior written consent.

Appears in 1 contract

Samples: Commercial Pledge Agreement (LSB Industries Inc)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor Borrower agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral Borrower is an affiliate of the issuer of the securities, Grantor Borrower agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement Borrower will not sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent, which shall not be unreasonably withheld.

Appears in 1 contract

Samples: Commercial Security Agreement (Jones Soda Co)

Sell Securities. Sell any securities included include in the Collateral Property in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender Xxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees I agree that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral Property are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor I or any other owner of the Collateral Property is an affiliate of the issuer of the securities, Grantor agrees I agree that neither GrantorI, nor any member of Grantor's my family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent.

Appears in 1 contract

Samples: Consumer Pledge Agreement (Intricon Corp)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state sate securities laws. If, because of restrictions under such laws, Lender Xxxxxx is unable, or believes Lender Xxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private priate sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under department xxxxxx state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Xxxxxxx agrees that neither Grantor, nor any member of Grantor's ’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Sten Corp)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, laws Lender is unable, or believes believes, Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that than is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue SkyBLUE SKY" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Pledge Agreement (Safe Auto Group, Inc.)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Borrower or Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Borrower and Grantor agrees agree that neither Grantor, Grantor nor any member of Grantor's family, nor any other person signing this Agreement Grantor family will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Penn Octane Corp)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, Borrower nor any member of Borrower's family and neither Grantor nor any member of Grantor's family, nor any other person signing this Agreement family will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Date of Agreement (Patterson Eddy L)

AutoNDA by SimpleDocs

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor Granter or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Grantor, agrees that neither GrantorGranter, nor any member of Grantor's ’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent.

Appears in 1 contract

Samples: Business Loan Agreement (Landmark Bancorp Inc)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Creditor is unable, or believes Lender Creditor is unable, to sell the securities in an open market transaction, Grantor Debtor agrees that Lender Creditor will have no obligation to delay sale until the securities can be registered. Then Lender Creditor may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor Debtor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Debtor agrees that neither GrantorDebtor, nor any member of Grantor's Debtor’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's Creditor’s prior written consent.

Appears in 1 contract

Samples: Non Competition Agreement (Teco Energy Inc)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Xxxxxx is unable, or believes Lender Xxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's ’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's ’s prior written consent.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Landsea Holdings Corp)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Xxxxxx is unable, or believes Lender Xxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Xxxxxxx agrees that neither Grantor, nor any member of Grantor's ’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's Xxxxxx’s prior written consent.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Nicholson Thomas T)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with the applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" : as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, Grantor nor any member of Grantor's family, nor any other person signing this Agreement family will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Loan Agreement (Web Press Corp)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Bank is unable, or believes Lender Bank is unable, to sell the securities in an open market transaction, Grantor Borrower agrees that Lender Bank will have no obligation to delay sale until the securities can be registered. Then Lender Bank may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor Borrower or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Borrower agrees that neither GrantorBorrower, nor any member of Grantor's Borrower’s family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's Bank’s prior written consent.

Appears in 1 contract

Samples: Pledge Agreement (Brooke Credit CORP)

Sell Securities. Sell any securities included in the Collateral collateral in a manner consistent with applicable federal and state securities laws or other applicable laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, Grantor nor any member of Grantor's family, nor any other person signing this Agreement family will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Inscap Corp)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Wellington Hall LTD)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Borrower or Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Borrower and Grantor agrees agree that neither Grantor, Grantor nor any member of Grantor's family, nor any other person signing this Agreement family will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Williams Francis M)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Borrower or Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Borrower and Grantor agrees agree that neither Grantor, Grantor nor any member agent of Grantor's family, nor any other person signing this Agreement Grantor will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Commercial Pledge and Security Agreement (Success Bancshares Inc)

Sell Securities. Sell any securities included in the Collateral Property in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender Xxxxxx is unable, to sell the securities in an open market transaction, Grantor agrees I agree that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral Property are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor I or any other owner of the Collateral Property is an affiliate of the issuer of the securities, Grantor agrees I agree that neither GrantorI, nor any other member of Grantor's my family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer without obtaining Lender's Xxxxxx’s prior written consent.

Appears in 1 contract

Samples: Pledge Agreement (Wilshire Financial Services Group Inc)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable, or believes Lender it is unable, unable to sell the 'securities in an open market transaction, Grantor agrees that Lender will shall have no obligation to delay sale until the securities can be registered. Then Lender , and may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, Grantor nor any member of Grantor's family, nor any other person signing this Agreement family will sell or dispose of any securities of such issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Commercial Pledge and Security Agreement (Magnavision Corporation)

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable, or believes Lender is unable, to sell the securities in an open market transaction, Grantor agrees that Lender will have no obligation to delay sale until the securities can be registered. Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are "restricted securities" as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state "Blue Sky" laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer Issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor's family, nor any other person signing this Agreement will sell or dispose of any securities of such issuer Issuer without obtaining Lender's prior written consent.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Osborne Richard M Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.