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.
Appears in 3 contracts
Sources: Pledge Agreement (Exco Resources Inc), Pledge Agreement (Miller Douglas H), Pledge Agreement (Miller Douglas H)