Common use of Notice of Disposition of Collateral Clause in Contracts

Notice of Disposition of Collateral. Any notification of intended disposition of any of the Collateral required by law shall be deemed reasonably and properly given if given at least ten (10) calendar days before such disposition.

Appears in 9 contracts

Sources: Loan and Security Agreement (CMC Industries Inc), Master Security Agreement (Pioneer East Inc), Loan and Security Agreement (Elxsi Corp /De//)

Notice of Disposition of Collateral. Any notification of intended disposition of any of the Collateral required by law shall be deemed reasonably and properly given if given at least ten (10) calendar days before such disposition.

Appears in 5 contracts

Sources: Credit and Security Agreement (Primegg LTD), Credit and Security Agreement (Simon Transportation Services Inc), Credit and Security Agreement (Premiumwear Inc)

Notice of Disposition of Collateral. Any notification of intended disposition of any of the Collateral required by law shall shall, to the maximum extent permitted by law, be deemed reasonably and properly given if given at least ten (10) calendar days before such disposition.

Appears in 1 contract

Sources: Loan and Security Agreement (Pioneer Companies Inc)