Common use of Rights of Controlling Class Clause in Contracts

Rights of Controlling Class. The Controlling Class may direct the Secured Parties Representative to foreclose on the Security Interest Granted to the Secured Parties Representative or sell the Collateral securing payment of the relevant Secured Obligations pursuant to the terms of this Agreement in any commercially reasonable manner that the Controlling Class, in its sole discretion, may elect even though a higher price might have been obtained had the Security Interest been foreclosed upon or the Collateral sold in another manner.