• NOTICE OF PUBLIC SALE NOTIC...

NOTICE OF PUBLIC SALE



NOTICE IS HEREBY GIVEN, that pursuant to ยง 9-610 of the Uniform Commercial Code, as adopted in Pennsylvania and any other applicable jurisdictions, and any other applicable law, General Trading Co., Inc. (the "Secured Party") will offer for sale to the public (the "Auction") substantially all of the assets of S&F MEAT CORP.., (the "Debtor"), including the Debtor's right, title, and interest in all furniture, fixtures and equipment, (other than leased property) located in the store at 1240 East Erie Avenue, Philadelphia, PA 19140 (collectively, the "Assets").


Debtor has granted a security interest in all of the Assets to the Secured Party to secure Debtor's obligations to the Secured Party. The Assets are being sold on an "AS IS, WHERE IS" basis pursuant to the terms and conditions set forth below, without warranty, and subject to any liens superior to those of Secured Party. The Debtor owned and operated a supermarket and assets related thereto at the above address.


Date and Time of Auction:
June 6, 2019 at 11:00 a.m. (Eastern Time)


Place: Conrad O'Brien
1500 Market Street, Centre Square
West Tower, Suite 3900
Philadelphia, PA 19102


TERMS AND CONDITIONS OF THE AUCTION
The Assets will be offered in two lots. The Assets will be sold to the bidder with the highest or otherwise best bid for the Assets as determined by the Secured Party at the Auction. Unless otherwise agreed by the Secured Party in advance, to participate at the Auction, each potential bidder must be physically present at the Auction and demonstrate, prior to the commencement of the Auction, to the satisfaction of the Secured Party that each such bidder has the financial means to close on any bid made at the Auction. The Secured Party reserves the right to cancel, postpone or adjourn the Auction by announcement made at the Auction, either before or after the commencement of bidding, without written notice or further publication. In addition, the Secured Party reserves the right to bid for and purchase the Assets and to credit the purchase price against the expenses of sale and principal, interest and any and all other amounts due and payable to the Secured Party pursuant to the terms of any and all indebtedness secured by the security interests in the Assets. The Secured Party reserves the right to implement such other terms and conditions at the Auction as the Secured Party, in its sole discretion, determines to be commercially reasonable under the circumstances. The successful bidder must remove all of the Assets from the store premises using licensed and insured electricians, plumbers and refrigeration contractors within seven (7) days of the auction, failing which the Assets will conclusively be deemed abandoned to Secured Party.


For further information regarding the Assets or the Auction, please contact Steven M. Kaplan, Esq. at 630 Third Avenue, New York, NY 10017 (212 983-6900).



Ref# 0003394565-01
PostedMay 21, 2019