Enforcement Event Clause Samples

Enforcement Event. The Transaction Security (to the extent not previously released pursuant to Clause 9 (Automatic Release of Transaction Security)) shall be immediately enforceable on the occurrence of an Enforcement Event.

Enforcement Event. If the Note Trustee serves an Enforcement Notice on the Issuer pursuant to the Trust Deed it shall forthwith provide a copy thereof to the Lender, and the Loan, together with all interest thereon, shall, subject always to Clause 9, become immediately due and repayable.

Enforcement Event. If the Security Trustee serves a Loan Note Enforcement Notice on Loan Note Issuer No.1 pursuant to the terms of any Global Loan Note it will forthwith provide a copy thereof to the Expenses Loan Provider and the Expenses Loan, together with all interest thereon, will, subject always to Clause 11 (Enforcement and Subordination), become immediately due and repayable by the Loan Note Issuer No. 1.

Enforcement Event. 5.1 Without prejudice and in addition to any of the rights of the Collateral Agent under the Law, (after the occurrence of an Enforcement Event which is continuing) if an Enforcement Event has occurred and is continuing, the Collateral Agent may (upon the instruction of the Applicable Representative) enforce the security granted by this Agreement, following delivery of the required notice under the Law. 5.2 If an Enforcement Event has occurred and is continuing and provided the Collateral Agent has served notice in accordance with Clause 5.1, the Grantor authorises and instructs the Collateral Agent to deal with the Collateral in its own discretion as it sees fit in accordance with the Intercreditor Arrangements without any reference to or further authority from the Grantor and without any enquiry by the Grantor as to the justification for the Collateral Agent’s actions.

Enforcement Event. An enforcement event (an "Enforcement Event") shall occur if: (a) default is made in the payment of any principal or interest due under the Capital Securities or any of them and, in the case of interest only, the default continues for a period of five days (save, in the case of interest where such failure occurs solely as a result of the occurrence of a Non-Payment Event or a Non-Payment Election); (b) default is made in any payment due under the Subordinated Guarantee and the default continues for a period of 14 days; or (c) any one or more of the following events shall occur and be continuing:

Enforcement Event. This Security shall become immediately enforceable on and at any time after the occurrence of an Enforcement Event which is continuing.

Enforcement Event. If (i) the Secured Claims become due and payable in whole or in part (Pfandreife) and are not discharged and (ii) an Event of Default under the Facility Agreement, subject to the cure period provided for in Clause 21.14 (Cure Period) of the Facility Agreement, has occurred and is continuing (an “Enforcement Event”), the Pledgee is entitled to enforce its rights under this Agreement.

Enforcement Event. During the Security Period, this Security will become immediately enforceable after the occurrence of an Event of Default as provided under clause 8.1(a) (Event of Default) of the Amended and Restated SBA and the Investor shall, without the prior authorisation of any court or consent by the Chargor but subject to notice to the Chargor, appoint under seal or in writing under its hand a Receiver of the whole or any part of the Security Assets in accordance with Clause 10 (Receiver) to enforce the whole or any part of this Security and take possession of or dispose of all or any of the Security Assets in each case at such times and upon such terms as it sees fit and in accordance with the Amended and Restated SBA.

Enforcement Event. If the Issuer defaults in the payment of:- (a) any amount equivalent to the Nominal Value of the Junior Sukuk on the Maturity Date and pursuant to the Purchase Undertaking; or (b) Cumulated Distribution (if any) on the Maturity Date; the Trustee may, and if so directed by an Extraordinary Resolution shall, institute such proceedings as it chooses to enforce the obligations of the Issuer under the Junior Sukuk and may, and if so directed by the Junior Sukukholders pursuant to an Extraordinary Resolution shall, institute proceedings for the winding up of the Issuer Provided that (i) the Trustee shall have no right to accelerate payment of the Junior Sukuk in the case of such default in the payment of Distribution on, or other amounts owing under, the Junior Sukuk or a default in the performance of any other covenant of the Issuer in such Junior Sukuk or under the this Deed, save and except upon the occurrence of a Winding-up Event and (ii) the Trustee shall exercise its rights in accordance with the Intercreditor Deed.