NOTICE OF PUBLIC FORECLOSURE SALE
CIYC II, LLC (the “Debtor”)
NOTICE IS HEREBY GIVEN that ARENA CIYC, LLC, a Delaware limited liability company, as collateral agent (or any of its successors or assigns, the “Agent”), will offer for sale (the “Sale”) at public auction (the “Auction”) the following property: all Collateral (as defined in the Uniform Commercial Code or if undefined therein, in the Credit and Security Agreement by and among the Debtor, Agent and the other parties party thereto, dated June 28, 2018 (the “Credit Agreement”; the Agent and the lenders party to the Credit Agreements are referred to herein as the “Secured Parties”).
The collateral includes but is not limited to: all Accounts, Books, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Equipment, Farm Products, Fixtures, General Intangibles, Inventory, Investment Property, Negotiable Instruments, Money, books and records, Securities, Receivables or other assets of Debtor (collectively, the “Collateral”). For the avoidance of doubt, the Collateral excludes any equity interests of Debtor.
The bids made at the Auction must be accompanied by evidence satisfactory to Agent, in its sole and absolute discretion, of the bidder’s ability to make payment of the purchase price. Prospective bidders must also be willing to execute a confidentiality agreement before obtaining additional information. Additional terms of sale shall be provided upon request to any prospective bidder – see contact details below.
All of the Collateral will be sold pursuant to a bill of sale and such other appropriate transfer documents, if any, as Agent deems appropriate on an “as is, where is” and “with faults” basis and without recourse, representations, or warranties of any kind or nature whatsoever, including, without limitation, any representation or warranty of merchantability or fitness for a particular purpose. Specifically, but without limitation of the foregoing, there will be no warranty relating to title, possession, quiet enjoyment, or the like made or given.
This Auction is being held to enforce the Secured Parties’ rights in the Collateral pursuant to the Credit Agreements in order to satisfy in full the indebtedness of Debtor to the Secured Parties incurred pursuant to the Credit Agreements, which indebtedness is in an amount of at least $7,282,484.55 (as of March 31, 2022).
The Auction will take place beginning on Wednesday April 13, 2022 at 12:00 p.m. Eastern Standard Time (New York) (the “Auction Date”) at the law offices of Paul Hastings LLP, 200 Park Avenue, New York, New York 10166, whether physically, virtually or telephonically, with remote log-in information being furnished in advance to all interested parties, in accordance with the aforementioned additional terms of sale, which may be obtained by contacting the person named below.
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