Common use of Enforcement Events Clause in Contracts

Enforcement Events. Any security will be enforceable in the event that any sum in principal, interest or otherwise which is due and payable under this Agreement (subject to the provisions of the Subordination Agreement and the ABCR Subordination Agreement) remains unpaid at its due date after any applicable grace period or following an acceleration under this Agreement.

Enforcement Events. Any security will be enforceable in the event that any sum in principal, interest or otherwise which is due and payable under this Agreement (subject to the provisions of the Subordination Agreement and the ABCR LuxCo Subordination Agreement) remains unpaid at its due date after any applicable grace period or following an acceleration under this Agreement.