NOTICE OF PUBLIC SALE OF PERSONAL PROPERTY ASSETS OF TEXAS GAMMA RAY, LLC, TULSA GAMMA RAY, INC., AND TGR OPERATING, LLC UNDER THE UNIFORM COMMERCIAL CODE
PLEASE TAKE NOTICE THAT on March 28, 2022, at the hour of 10:00 a.m. Central Time, Solutions Finance, LLC, as successor secured creditor (“Secured Creditor”) of Texas Gamma Ray, LLC, Tulsa Gamma Ray, Inc., and TGR Operating LLC (collectively, the “Borrower”) will hold a public foreclosure sale via Zoom under Section 9-610 of the Uniform Commercial Code of all of the personal property collateral pledged to Secured Creditor, including, without limitation, machinery and equipment, inventory, accounts receivable, general intangibles, contract rights, intellectual property and all other personal property assets, other than any collateral specifically excluded by Secured Creditor in its discretion. The Borrower is in the business of providing non-destructive testing (NDT) and heat-treating services.
The sale will be held on a “where is, as is” basis, without any representations and warranties, express or implied. There is no warranty relating to title, possession, quiet enjoyment, access or the like in this disposition. Secured Creditor intends to offer the assets as a single lot. Secured Creditor reserves the right to designate sublots, including for the Texas and Oklahoma assets.
Secured Creditor reserves the right to establish other reasonable bidding procedures and to have potential bidders demonstrate their ability to perform and close to the reasonable satisfaction of Secured Creditor. Secured Creditor reserves the right to credit bid or to increase any credit bid price at the public sale. Secured Creditor also reserves the right to adjourn, continue or cancel the public sale without further notice. Qualified bidders may be permitted to submit written bids in advance or participate in the public sale via conference call.
Any parties interested in further information about these assets should contact the counsel for the Secured Creditor as set forth below:
Robert E. Richards
DENTONS US LLP
233 South Wacker Drive, Suite 5900
Chicago, Illinois 60606
DENTONS US LLP
1221 McKinney St., Suite 1900
Houston, TX 77010
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