Common use of PURCHASERS OF COLLATERAL Clause in Contracts

PURCHASERS OF COLLATERAL. Upon any sale of Pledged Stock or the Collateral by or on behalf of Pledgees hereunder (whether by virtue of the power of sale herein granted, pursuant to judicial process or otherwise), the receipt of Pledgees or the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Pledged Stock or the Collateral so sold, and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Pledgees or such officer or be answerable in any way for the misapplication or non-application thereof.

PURCHASERS OF COLLATERAL. Upon any sale Sale of Pledged Stock or the Collateral by or on behalf of Pledgees the Pledgee hereunder (whether by virtue of the power of sale Sale herein granted, pursuant to judicial process or otherwise), the receipt of Pledgees the Pledgee or the officer making such Sale of the sale purchase money paid as consideration pursuant to such Sale shall be a sufficient discharge to the purchaser or purchasers of the Pledged Stock or the Collateral so sold, and such purchaser or purchasers shall not be obligated to see to the application of all or any part of the purchase money paid over to the Pledgees Pledgee or such officer or be answerable in any way for the misapplication or non-application nonapplication thereof.

PURCHASERS OF COLLATERAL. Upon any sale Sale of Pledged Stock or the Collateral by or on behalf of Pledgees the Pledgee hereunder (whether by virtue of the power of sale Sale herein granted, pursuant to judicial process or otherwise), the receipt of Pledgees the Pledgee or the officer making such Sale of the sale consideration paid or delivered pursuant to such Sale shall be a sufficient discharge to the purchaser or purchasers of the Pledged Stock or the Collateral so sold, and such purchaser or purchasers shall not be obligated to see to the application of all or any part of the purchase money such consideration paid over or delivered to the Pledgees Pledgee or such officer or be answerable in any way for the misapplication or non-application nonapplication thereof.

PURCHASERS OF COLLATERAL. Upon any sale of Pledged Stock or the Collateral by or on behalf of Pledgees the Pledgee hereunder (whether by virtue of the power of sale herein granted, pursuant to judicial process or otherwise), to the extent permitted by law, the receipt of Pledgees the Pledgee or the officer making such sale of the purchase money paid as consideration pursuant to such sale shall be a sufficient discharge to the purchaser or purchasers of the Pledged Stock or the Collateral so sold, and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Pledgees Pledgee or such officer or be answerable in any way for the misapplication or non-application nonapplication thereof.