Common use of Right of Sale After the Occurrence of an Event of Default Clause in Contracts

Right of Sale After the Occurrence of an Event of Default. Upon the occurrence and during the continuance of an Event of Default, Agent may sell, without recourse to judicial proceedings, by way of one or more contracts, with the right (except at private sale) to bid for and buy, free from any right of redemption, the Pledged Shares and/or Pledged Interests or any part thereof, upon five (5) days' notice (which notice is agreed to be reasonable notice for the purposes hereof) to Pledgor of the time and place of sale, for cash, upon credit or for future delivery, at Agent's option and in Agent's complete discretion: (i) At public sale, including a sale at any broker's board or exchange; or (ii) At private sale in any manner which will not require the Pledged Interests, or any part thereof, to be registered in accordance with The Securities Act of 1933, as amended, or the rules and regulations promulgated thereunder, or any other law or regulation, at the best price reasonably obtainable by Agent at any such private sale or other disposition in the manner mentioned above. Agent is also hereby authorized, but not obligated, to take such actions, give such notices, obtain such consents, and do such other things as Agent may deem required or appropriate in the event of sale or disposition of any EXHIBIT E-v

Right of Sale After the Occurrence of an Event of Default. Upon the occurrence and during the continuance of an Event of Default, Agent may Pledgee may, on behalf of the Shareholder, sell, without recourse to judicial proceedings, by way of one or more contracts, with the right (except at private sale) to bid for and buy, free from any right of redemption, the Pledged Shares and/or Pledged Interests or any part thereof, upon five thirty (530) days' notice (which notice is agreed to be reasonable notice for the purposes hereof) to Pledgor of the time and place of sale, for cash, upon credit or for future delivery, at AgentPledgee's option and in AgentPledgee's complete discretion: (i) At public sale, including a sale at any broker's board or exchange; or (ii) At private sale in any manner which will not require the Pledged Interests, or any part thereof, to be registered in accordance with The Securities Act of 1933, as amended, or the rules and regulations promulgated thereunder, or any other law or regulation, at the best price reasonably obtainable by Agent Pledgee at any such private sale or other disposition in the manner mentioned above. Agent Pledgee is also hereby authorized, but not obligated, to take such actions, give such notices, obtain such consents, and do such other things as Agent Pledgee may deem required or appropriate in the event of sale or disposition of any EXHIBIT E-vof the Pledged Interests. Pledgor understands that Pledgee may in its discretion approach a restricted number of potential purchasers and that a sale under such circumstances may yield a lower price for the Pledged Interests, or any portion thereof, than would