Public Notice Notice
Official courthouse record · Indexed in NoticeRegistry archive · AI-enriched for research
Crosby Lending 2 LLC will sell by public auction the pledge holder's interest in 40 Sunnyside Terr LLC and related rights following events of default under a Pledge and Security Agreement dated August 7, 2025.
Key Takeaways
- Public auction of pledged ownership interest in 40 Sunnyside Terr LLC
- Sale triggered by events of default under August 7, 2025 Pledge Agreement
- Secured party: Crosby Lending 2 LLC
- Sale conducted under UCC Article 8 and Article 9 procedures
- Published
- Category
- Other
What to do next
- 1
Contact the secured party for sale details
Reach out to Crosby Lending 2 LLC to obtain auction date, time, location, and bidding requirements (contact info not provided in notice).
- 2
Review Pledge Agreement and UCC filings
Obtain and examine the August 7, 2025 Pledge and Security Agreement and any UCC-1 filings to verify rights and encumbrances.
Frequently asked questions
- What is being sold in this notice?
- The secured party will auction the pledgor’s ownership interest in 40 Sunnyside Terr LLC and related rights.
- Who is conducting the sale?
- Crosby Lending 2 LLC, the secured party holding the pledged share certificate, is conducting the sale.
- Why is the sale happening?
- The sale was triggered by events of default under the Pledge and Security Agreement dated August 7, 2025.
The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.
Legal terms in this notice
- Pledge and Security Agreement
- Contract where a borrower gives collateral to a lender to secure a debt.
- Pledged Entity
- The company or asset that was given as collateral under a pledge agreement.
- UCC-1 Filing Statement
- Public notice filed to record a lender's security interest in collateral.
- Article 8 (UCC)
- UCC rules governing transfer and control of investment securities.
- Article 9 (UCC)
- UCC rules governing secured transactions and enforcement of security interests.
Full Notice Text
NOTICE OF SALE PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New Jersey, by virtue of certain Event(s) of Default under that certain Pledge and Security Agreement dated as of August 7, 2025 (the “Pledge Agreement”), executed and delivered by Wilton E. Holder (the “Pledgor”), and in accordance with it rights as holder of the security, Crosby Lending 2 LLC (the “Secured Party”), 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: 40 Sunnyside Terr LLC (the “Pledged Entity”), and (ii) certain related rights and property relating thereto (collectively,