Purchase of the Collateral. The Pledgor may be a purchaser of the Collateral or any part thereof or any right or interest therein at any sale thereof, whether pursuant to foreclosure, power of sale or otherwise hereunder. Any purchaser of all or any part of the Collateral shall, upon any such purchase, acquire good title to the Collateral so purchased, free of the security interests created by this Agreement.
Appears in 2 contracts
Sources: Limited Partner Pledge and Security Agreement (Panda Interfunding Corp), General Partner Pledge and Security Agreement (Panda Interfunding Corp)