Common use of Purchase of Collateral by Pledgee Clause in Contracts

Purchase of Collateral by Pledgee. The Pledgee may be a purchaser of the Collateral or any part thereof or any interest therein at any sale or other disposition hereunder and may apply against the purchase price the indebtedness secured hereby.

Appears in 12 contracts

Sources: Pledge Agreement (Gold & Appel Transfer Sa), Stock Pledge Agreement (Burns Donald A), Pledge Agreement (Burns Donald A)