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Explosion Proof Dehumidification Units

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Last Updated: 4/19/2013
Posted: 3/7/2013
Category: Used Equipment & Supplies For Sale
Asking Price:
Seller Information: Schopf & Weiss LLP
Contact: Anand Mathew
Phone: 312-701-9300
E-mail: mathew@sw.com


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Notice of Public Sale
Under Illinois Uniform Commercial Code

Pursuant to Section 9-601 of the Illinois Uniform Commercial Code and 735 ILCS 5/2-1402(e), the following described property will be sold by Dryco Group Explosion Proof Equipment, LLC (hereinafter referred to as Seller), at public sale on May 10, 2013 at 1:00 P.M. in the offices of Schopf & Weiss LLP, 28th Floor, One South Wacker Drive, Chicago, Illinois 60606:

Three (3) explosion proof dehumidification units (480 volts) belonging to judgment debtor Maximoff Advanced Engineering Systems and Technologies, Inc., bearing serial numbers:

5-09-H-SS-480-0003
5-09-H-SS-480-0004
5-09-H-SS-480-0005.

One (1) 50% ownership interest in U.S. Patent No. 7,308,398 for a dehumidification system.

No representations or warranties are made as to the condition of the aforementioned property, the condition of title thereto or the value thereof. Units are available for inspection upon request.

TERMS OF PUBLIC SALE

Subject to the terms hereinafter set forth, the above described property will be sold to the highest bidder. There shall be a 25% deposit with bid and balance of the bid price to be paid no later than 24 hours after acceptance of any bids. All funds shall be paid in cash, certified or cashier’s check payable to Dryco Group Explosion Proof Equipment, LLC.

If a successful bidder defaults on balance, the Seller may forfeit initial deposit and, at Seller’s option sell to the next highest bidder. Seller reserves the right to bid at sale without cash, certified check or cashier’s check deposits as required for other bidders. Seller reserves the right within twenty-four hours of completion of bidding to reject all bids. Disposition of said property pursuant to said public sale transfers to a purchaser for value all of the rights of the debtor therein and discharges the security interest under which it is made and any security interest or lien, if any, subordinate thereto, the purchaser taking said property free of all such rights and interest, the purchaser to receive upon payment of balance a certified copy of a report of sale evidencing purchaser’s right, title and interest in and to said property. Seller makes no representations or warranties as to the condition of the aforementioned property, the condition of title thereto or the value thereof.

Persons wishing to inspect the property in question or desiring other information may call Anand C. Mathew, Schopf & Weiss, LLP, by telephone at (312) 701-9300, or by electronic mail at mathew@sw.com.

 

 

Explosion Proof Dehumidification Units
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