Common use of Notice of Disposition of Collateral Clause in Contracts

Notice of Disposition of Collateral. Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable Law, any notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to any Grantor, addressed as set forth in Section 6.16, at least ten (10) days prior to (a) the date of any such public sale or (b) the time after which any such private sale or other disposition may be made. Administrative Agent shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given; provided that, if any of the Collateral threatens to decline speedily in value or is of the type customarily sold on a recognized market, Administrative Agent may sell or otherwise dispose of the Collateral without notification, advertisement, or other notice of any kind, provided that any such Collateral that is of a type continuously sold on a recognized market is sold on such market. Subject to the provisions of applicable Laws, Administrative Agent may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without further notice, to the extent permitted by applicable Laws, be made at the time and place to which the sale was postponed, or Administrative Agent may further postpone such sale by announcement made at such time and place.

Appears in 4 contracts

Sources: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Notice of Disposition of Collateral. Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable Law, any notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to any Grantor, addressed as set forth in Section 6.16. , at least ten (10) days prior to (a) the date of any such public sale or (b) the time after which any such private sale or other disposition may be made. Administrative Agent shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given; provided that, if any of the Collateral threatens to decline speedily in value or is of the type customarily sold on a recognized market, Administrative Agent may sell or otherwise dispose of the Collateral without notification, advertisement, or other notice of any kind, provided that any such Collateral that is of a type continuously sold on a recognized market is sold on such market. Subject to the provisions of applicable Laws, Administrative Agent may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without further notice, to the extent permitted by applicable Laws, be made at the time and place to which the sale was postponed, or Administrative Agent may further postpone such sale by announcement made at such time and place.

Appears in 2 contracts

Sources: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Notice of Disposition of Collateral. Each Grantor To the extent such notice may be waived under applicable law, the parties acknowledging that Article 9 of the UCC does not permit such waivers, Pledgor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable Lawlaw, any notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to any GrantorPledgor, addressed as set forth in Section 6.166.6, at least ten (10) days prior to (ai) the date of any such public sale or (bii) the time after which any such private sale or other disposition may be made. Administrative Agent Secured Party shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given; provided that, if any of the Collateral threatens to decline speedily in value or is of the type customarily sold on a recognized market, Administrative Agent may sell or otherwise dispose of the Collateral without notification, advertisement, or other notice of any kind, provided that any such Collateral that is of a type continuously sold on a recognized market is sold on such market. Subject to the provisions of applicable Lawslaw, Administrative Agent Secured Party may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without with further noticenotice as required by Article 9 of the UCC, to the extent permitted by applicable Lawslaw, be made at the time and place to which the sale was postponed, or Administrative Agent Secured Party may further postpone such sale by announcement made at such time and place.

Appears in 1 contract

Sources: Securities Purchase Agreement (K Wave Media Ltd.)

Notice of Disposition of Collateral. Each Grantor hereby waives Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market (in which case the Secured Party may give shorter notice), any requirement of reasonable notice of any public or private sale or other disposition of the Collateral or of any other event in connection with the exercise of remedies in the Collateral shall be met if written notice of the time and place of any public sale of Collateral or of the time after which any private sale or any other intended disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable Law, any notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may is to be made shall be deemed reasonable if sent or of such other relevant event is personally served on or mailed, postage prepaid, to any Grantor, addressed as set forth the Grantors in accordance with Section 6.16, 6.17 hereof at least ten (10) calendar days prior to (a) the date of any such public sale or (b) before the time after which any such private of sale or other disposition may event giving rise to the requirement of such notice; provided, however, no notification need be madegiven to the Grantors if the Grantors have signed, after an Event of Default has occurred, a statement renouncing any right to notification of sale or other intended disposition. Administrative Agent Secured Party shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given; provided that, if any of the Collateral threatens to decline speedily in value or is of the type customarily sold on a recognized market, Administrative Agent may sell or otherwise dispose of the Collateral without notification, advertisement, or other notice of any kind, provided that any such Collateral that is of a type continuously sold on a recognized market is sold on such market. Subject to the provisions of applicable Lawslaw, Administrative Agent Secured Party may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without further notice, to the extent permitted by applicable Lawslaw, be made at the time and place to which the sale was postponed, or Administrative Agent Secured Party may further postpone such sale by announcement made at such time and place.

Appears in 1 contract

Sources: Security Agreement (TSS, Inc.)

Notice of Disposition of Collateral. Each Grantor To the extent such notice may be waived under applicable law, the parties acknowledging that Article 9 of the UCC does not permit such waivers, each Pledgor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable Lawlaw, any notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to any GrantorPledgor, addressed as set forth in Section 6.167.8, at least ten (10) days prior to (ai) the date of any such public sale or (bii) the time after which any such private sale or other disposition may be made. Administrative Agent Secured Party shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given; provided that, if any of the Collateral threatens to decline speedily in value or is of the type customarily sold on a recognized market, Administrative Agent may sell or otherwise dispose of the Collateral without notification, advertisement, or other notice of any kind, provided that any such Collateral that is of a type continuously sold on a recognized market is sold on such market. Subject to the provisions of applicable Lawslaw, Administrative Agent Secured Party may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without with further noticenotice as required by Article 9 of the UCC, to the extent permitted by applicable Lawslaw, be made at the time and place to which the sale was postponed, or Administrative Agent Secured Party may further postpone such sale by announcement made at such time and place.

Appears in 1 contract

Sources: Security Agreement (DDC Enterprise LTD)