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. The Transaction Security shall be immediately enforceable on the occurrence of an Enforcement Event.
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.
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. 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. An enforcement event (an Enforcement Event) shall occur if:
Enforcement Event. If a Representative becomes aware of the occurrence of an Enforcement Event or a Potential Enforcement Event under a Relevant Document to which it is a party which is continuing unremedied or unwaived, it shall notify the Security Trustee giving reasonable details of the same and the Security Trustee shall within five Business Days inform each other Representative of the Enforcement Event or the Potential Enforcement Event giving reasonable details of the same. For the avoidance of doubt, until so notified the Security Trustee shall be entitled to assume that no Enforcement Event or Potential Enforcement Event has occurred. Each of the Beneficiaries hereby appoints the Security Trustee or such person or persons as the Security Trustee may nominate to execute (whether under seal or under hand) and deliver any Security Document to be executed and delivered on its behalf.
Enforcement Event. The Security will become immediately enforceable upon the occurrence of an Enforcement Event, and the power of sale and other powers conferred by Section 101 (Powers incident to estate or interest of mortgagee) of the Act, as varied or amended by this Deed, win be immediately exercisable, upon and at any time after the occurrence of an Enforcement Event.
Enforcement Event. Upon the occurrence of an Enforcement Event, any holder of the Capital Securities may give written notice to the Issuer at the specified office of the Fiscal Agent, effective upon the date of receipt thereof by the Fiscal Agent, that such Capital Security is due and payable, whereupon the same shall, subject to Condition 10 (Write down at the point of Non-Viability) and Condition 11.4 (Enforcement Events – Restrictions) become forthwith due and payable at its Early Redemption Amount, without presentation, demand, protest or other notice of any kind.
Enforcement Event. In the event of the voluntary or involuntary winding up, dissolution, liquidation or bankruptcy (including, inter alia, Liquidazione Coatta Amministrativa) of the Issuer, the Notes shall become immediately due and payable. The rights of the Noteholders and the Couponholders in the event of a winding up, dissolution, liquidation or bankruptcy of the Issuer will be calculated on the basis of the Prevailing Principal Amount of the Notes, plus any accrued interest and any additional amounts due pursuant to Condition 9 (Taxation) (to the extent that such interest and additional amounts are not cancelled in accordance with these Conditions). No payments will be made to the Noteholders or Couponholders before all amounts due, but unpaid, to all other creditors of the Issuer ranking ahead of the Noteholders and the Couponholders as described in Condition 4 (Status of the Notes) have been paid by the Issuer, as ascertained by the liquidator.
