PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, by virtue of certain Event(s) of Default under that certain Pledge and Security Agreement dated as of June 30, 2021 (the “Pledge Agreement”), executed and delivered by Gregory Harvey (the “Pledgor”), and in accordance with it rights as holder of the security, USCO I WAB LLC (the “Secured Party”), as assignee, by virtue of possession of that certain Share Certificate held in accordance with Article 8 of the Uniform Commercial Code of the State of New York (the “Code”) and by virtue of those certain UCC-1 Filing Statement made in favor of Secured Party, all in accordance with Article 9 of the Code, Secured Party will offer for sale, at public auction, (i) all of Pledgor’s right, title, and interest in and to the following: Mansani Holding Company Corp. (the “Pledged Entity”), and (ii) certain related rights and property relating thereto (collectively, (i) and (ii) are the “Collateral”). Secured Party’s understanding is that the principal asset of the Pledged Entity is that certain fee interest in real property commonly known as (i) 883-885 Bryant Avenue, Bronx, New York 10474 (the “Property”).
Mannion Auctions (“Mannion”), under the direction of Matthew Mannion (the “Auctioneer”), will conduct a public sale consisting of the Collateral (as set forth in Schedule A below), Microsoft Teams bidding, on November 29, 2023 at 2:30 pm, in satisfaction of an indebtedness in the approximate amount of $4,020,319.69 principal, plus interest, protective advances, reasonable fees and costs, plus default interest through November 29, 2023, subject to open charges and all additional costs, fees and disbursements permitted by law.
Pre-qualified bidders shall be invited to participate in the virtual auction to occur Microsoft Teams.
Bidder Qualification Deadline: November 28, 2023 by 4:00 pm. Executed Terms & Conditions of Sale along with $550,000.00 (to be submitted via wire transfer) are required for consideration by any interested party and submitted directly to Vallely Law PLLC, as attorneys. Requests for wiring instructions should be sent to [email protected].
Pledged Interest | ||
PLEDGOR
Gregory Harvey
|
ISSUER
Mansani Holding Company Corp., a New York corporatiom |
INTERESTS PLEDGED
100% membership interest |
The UCC1 was filed on July 19, 2021 with the Secretary of State of the State of New York under the Filing No. #202107190260946. |
Vallely Law PLLC
Attn: Erick R. Vallely, Esq.
Attorneys for Secured Party
6851 Jericho Turnpike – Suite 105
Syosset, New York 11791
(516) 386-3900
DailyDAC™ is the internet's oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, assignees for the benefit of creditors, auctioneers, and secured parties disposing of their collateral under the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.
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