Common use of Purchase of Collateral by Pledgee Clause in Contracts

Purchase of Collateral by Pledgee. At any public sale of the Collateral, whether pursuant to power of sale or otherwise hereunder, the Pledgee or any Holder may, to the extent permitted by applicable law, bid for and purchase, free from any right of redemption, stay or appraisal (all such rights being hereby waived and released by the Pledgor to the extent permitted by law), the Collateral or any part thereof or an interest therein and, upon compliance with the terms of such sale, may hold, retain, exploit, resell or otherwise dispose of such property without further accountability to the Pledgor for the proceeds of such sale (except in the event that there is a surplus of such proceeds in excess of the Obligations, in which case, the Pledgee shall account to the Pledgor for such surplus). The Pledgor will execute and deliver or cause to be executed and delivered such instruments, endorsements, assignments, waivers, certificates and other documents and take such further action as the Pledgee shall request in connection with any such sale.

Purchase of Collateral by Pledgee. At any public sale of the Collateral, whether pursuant to power of sale or otherwise hereunder, the Pledgee or any Holder may, to the extent permitted by applicable law, bid for and purchase, free from any right of redemption, stay or appraisal (all such rights being hereby waived and released by the each Pledgor to the extent permitted by law), the Collateral or any part thereof or an interest therein and, upon compliance with the terms of such sale, may hold, retain, exploit, resell or otherwise dispose of such property without further accountability to the any Pledgor for the proceeds Proceeds of such sale (except in the event that there is a surplus of such proceeds Proceeds in excess of the Obligations, in which case, the Pledgee shall account to the such Pledgor for such surplus). The Each Pledgor will execute and deliver or cause to be executed and delivered such instruments, endorsements, assignments, waivers, certificates and other documents and take such further action as is necessary or as the Pledgee shall request in connection with any such sale.

Purchase of Collateral by Pledgee. At any public sale of the Collateral, whether pursuant to power of sale or otherwise hereunder, the Pledgee or any Holder may, to the extent permitted by applicable law, bid for and purchase, free from any right of redemption, stay or appraisal (all such rights being hereby waived and released by the each Pledgor to the extent permitted by law), the Collateral or any part thereof or an interest therein and, upon compliance with the terms of such sale, may hold, retain, exploit, resell or otherwise dispose of such property without further accountability to the any Pledgor for the proceeds of such sale (except in the event that there is a surplus of such proceeds in excess of the Obligations, in which case, the Pledgee shall account to the such Pledgor for such surplus). The Each Pledgor will execute and deliver or cause to be executed and delivered such instruments, endorsementsendorse- ments, assignments, waivers, certificates and other documents and take such further action as the Pledgee shall request in connection with any such sale.