Common use of Obligation to Sell Clause in Contracts

Obligation to Sell. The Secured Party shall have no obligation to sell or otherwise realize upon any of the Collateral as authorized herein, and shall not be responsible for any failure to do so or for any delay in so doing.

Appears in 3 contracts

Sources: Stock Pledge and Security Agreement (Brightstar Corp.), Stock Pledge and Security Agreement (Brightstar Corp.), Stock Pledge and Security Agreement (Brightstar Corp.)

Obligation to Sell. The Secured Party shall have no obligation to sell or otherwise realize upon any of the Collateral as authorized herein, and shall not be responsible for any failure to do so or for any delay in so doing. 15.

Appears in 1 contract

Sources: Stock Pledge and Security Agreement