HOCKLEY,
Texas, May 23, 2024 /PRNewswire/ -- Pursuant to
Section 9-610 of the Uniform Commercial Code, Reba's Boat & RV
Storage, LLC (the "Secured Party") will hold a secured party public
sale to the highest and best bidder for cash, with reserve, to be
conducted telephonically by the Secured Party on June 3, 2024 at 10:00 AM
Central Standard Time (the "Public Sale"). Qualified Bidders
(defined below) may attend the Public Sale telephonically.
The Secured Party is conducting the Public Sale to foreclose the
security interest held by the Secured Party in and to substantially
all of the personal property assets of Ublester Vega dba El Primo Mechanic
Shop (the "Tenant"), including, without limitation, any
and all fixtures, equipment, chattels, inventory, and all
other personal property of Tenant that may be located at 18700
Becker Road, Building F #101, Hockley,
Texas 77447
(the "Public Sale Collateral").
At the Public Sale, all of Tenant's right, title and interest in
and to the Public Sale Collateral will be sold "as is" and "where
is" and the Secured Party shall make no representation or warranty,
either express or implied, relating to title, use, quiet enjoyment,
possession, merchantability or fitness for a particular purpose,
completeness, condition or the like, all of which are hereby
disclaimed, in the sale or disposition of the Public Sale
Collateral. In addition, the Public Sale Collateral is being sold
(i) free and clear of Secured Party's
liens and any subordinate security interests, and (ii) without
recourse to Secured Party, its attorneys and
representatives. The Public Sale of the Public Sale
Collateral, if made, shall be to the highest and best bidder.
In order to participate in the bidding process, each person or
entity (a "Potential Bidder") must deliver to the undersigned (i)
an executed confidentiality agreement in form and substance
acceptable to Secured Party, unless waived by Secured Party, (ii)
current financial statements of the Potential Bidder or other
evidence acceptable to Secured Party that will show the financial
ability of the Potential Bidder to purchase the Public Sale
Collateral, (iii) a completed and executed Asset Purchase Agreement
in the form provided by Secured Party, and (iv) a deposit in an
amount equal to 10% percent of the bid amount which will be held in
escrow by Secured Party. A Potential Bidder that complies with the
foregoing requirements shall be deemed a "Qualified Bidder". Those
Qualified Bidders participating at the Public Sale shall be
provided with the telephone number and passcode to attend the
Public Sale and shall be given the opportunity to bid on a
competitive basis.
At the Public Sale, each of the fixtures, equipment, chattels,
and inventory may be offered for sale in separate lots or in
combination lots and the Public Sale Collateral will be offered as
a single lot. At the conclusion of the Public Sale, the successful
bidder(s) must pay the final bid amount in full by a wire transfer
of funds to the Secured Party. The Secured Party reserves the right
to credit bid on any or all of the Public Sale Collateral at the
Public Sale. The Secured Party reserves the right to reject all
bids, adjourn or cancel the Public Sale.
For further details regarding the Public Sale Collateral,
obtaining the confidentiality agreement and the form asset purchase
agreement, and information regarding the Public Sale, you may
contact Secured Party by contacting either Paul Broaddus by email at
paul@rbdevco.com or by telephone at (945) 468-6634 or
Chris Fuller by email at
chris.fuller@wickphillips.com or by telephone at (214)
740-4023.
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SOURCE Reba's Boat & RV Storage, LLC