Common use of Calling on Security Clause in Contracts

Calling on Security. The Companies may call upon the Security Instrument posted by the BGS-FP Supplier if the BGS-FP Supplier fails to pay amounts due to the Companies pursuant to this Agreement or any other agreement(s) between a Company and the BGS-FP Supplier for the provision of BGS Supply after all of the following events occur: (i) Written Notice of Default is provided to the BGS-FP Supplier; and (ii) Any applicable cure period ends. The foregoing notwithstanding, the Security Instrument posted by the BGS-FP Supplier shall become due automatically, and may be called upon by the Companies, without prior notice or right of cure in the case of any Event of Default arising under Section 5.1 (i), (ii), (iii), (iv), (v), (vi), Error! Reference source not found., (vii) or (viii).

Calling on Security. The Companies may call upon the Security Instrument posted by the BGS-FP Supplier if the BGS-FP Supplier fails to pay amounts due to the Companies pursuant to this Agreement or any other agreement(s) between a Company and the BGS-FP Supplier for the provision of BGS Supply after all of the following events occur: (i) Written Notice of Default is provided to the BGS-FP Supplier; and (ii) Any applicable cure period ends. The foregoing notwithstanding, the Security Instrument posted by the BGS-FP Supplier shall become due automatically, and may be called upon by the Companies, without prior notice or right of cure in the case of any Event of Default arising under Section 5.1 subsections (i), (ii), (iii), (iv), (v), (vi), Error! Reference source not found.(vii), (viiviii) or (viii)ix) of Section 5.1.