Liquidation of Collateral Clause Samples

Liquidation of Collateral. Pledgor hereby acknowledges and agrees that on the occurrence of an Event of Default under the PC Repurchase Agreement, Buyer shall have the right to liquidate the Purchased MSR Excess Spread, the MSRs and any other Assets constituting Collateral and apply any proceeds as provided under the PC Repurchase Agreement. Pledgor hereby authorizes Buyer to liquidate the Collateral should an Event of Default occur and apply the Proceeds of such liquidation to the Obligations existing under the PC Repurchase Agreement.

Liquidation of Collateral. Upon the occurrence and during the continuance of an Event of Default, Lender shall have the rights and remedies of a secured party under this Agreement, under any other instrument or agreement securing, evidencing or relating to the Obligations and under the laws of the State in which the Collateral is located or any other applicable state law. Without limiting the generality of the foregoing, Lender shall have the right to take possession of the Collateral and all books and records relating to the Collateral and for that purpose Lender may enter upon any Real Property on which the Collateral or books and records relating to the Collateral or any part thereof may be situated and remove the same therefrom. Except for the notices specified below of time and place of public sale or disposition or time after which a private sale or disposition is to occur, each Borrower expressly agrees that Lender, without demand of performance or other demand, advertisement or notice of any kind to or upon any Borrower or any other person or entity (all and each of which demands, advertisements and/or notices are hereby expressly waived), may forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give an option or options to purchase or sell or otherwise dispose of and deliver the Collateral (or contract to do so), or any part thereof, in one or more parcels at public or private sale or sales, at any of Lender's offices or elsewhere at such prices as Lender may deem best, for cash or on credit or for future delivery without assumption of any credit risk. Lender shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption. Each Borrower further agrees, (i) at Lender's request, to assemble the Collateral and to make it available to Lender at such places as Lender may reasonably select, and (ii) to allow Lender to use or occupy such Borrower's Real Property, without charge, for the purpose of effecting Lender's remedies in respect of the Collateral. Lender shall apply the net proceeds of any such collection, recovery, receipt, appropriation, realization or sale, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any or all of the Collatera...

Liquidation of Collateral. ▇▇▇▇▇▇▇▇ agrees that Lender may, automatically and without prior notice, liquidate Collateral if Lender determines that the Value of Collateral subject to a particular Loan is less than the Loaned Assets multiplied by the Liquidation Level. Borrower acknowledges that its obligations under this Section V, continue regardless of ▇▇▇▇▇▇’s request for Additional Collateral and Borrower’s acceptance or rejection of the same. Borrower agrees that it is its responsibility to monitor its Collateral and to ensure compliance with this Agreement.

Liquidation of Collateral. If the Firm liquidates collateral, it may choose between several items of collateral. When liquidating collateral and when selecting the collateral to be liquidated, the Firm shall take account of the legitimate concerns of the Client and any third-party collateral provider that has provided collateral for the Client’s liabilities. If the liquidation process is subject to value-added tax, the Firm will provide the Client with credit for the proceeds, which will be deemed an invoice for the delivery of the items serving as collateral and meets the requirements of value-added tax law.

Liquidation of Collateral. Sell, or instruct any agent to sell, all or any part of the Collateral, and direct such agent to deliver all proceeds thereof to the Secured Party, and apply all proceeds to the payment of any or all of the Obligations in such order and manner as the Secured Party shall, in its discretion, choose.

Liquidation of Collateral. The following shall constitute an Additional Termination Event in which Party B shall be the sole Affected Party: Any commencement of a liquidation of the Collateral (as defined in the Indenture) occurs following an Event of Default under the Indenture.

Liquidation of Collateral. When you borrow on margin, some or all of the securities in your Account become Stifel’s collateral for the loan to you. A decline in the value of these securities is a decline in the value of the collateral. If the collateral in your Account falls below either industry minimums or Stifel’s require- ments, Stifel can sell securities or other assets in your Account to cover the deficiency without notice to you. Stifel may also sell property in your accounts and cancel open orders for the purchase or sale of property without notice if, in our discre- tion, it is necessary for our protection or in the event you fail to make payment(s) for loan balances. In such events, Stifel also

Liquidation of Collateral. Upon 20 days written to notice to Pledgor (and if such event of default has not been cured), 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 the Collateral and deliver all proceeds thereof to EXCO, and apply all proceeds to the payment of any or all of the Obligation in such order and manner as EXCO shall, in its discretion, choose.

Liquidation of Collateral. Secured Party may 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 Secured Party, and apply all proceeds to the payment of any or all of the Secured Obligations as set forth in the Loan Agreement.