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 COMMERCIAL PLEDGE AGREEMENT

Appears in 2 contracts

Samples: www.sec.gov, Pledge Agreement (Zimmer Alan M)

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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 COMMERCIAL PLEDGE AGREEMENT

Appears in 1 contract

Samples: Pledge Agreement (Zimmer Alan M)

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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 COMMERCIAL PLEDGE AGREEMENT.

Appears in 1 contract

Samples: Pledge and Security Agreement (Thermotrex Corp)

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