Enforcement of Collateral. 5.1 Galaxy International Securities has the right without prior notice or consent from the Client, to dispose of or otherwise deal with any part of the Collateral in its absolute discretion when any amount in the Securities Margin Account has become due and payable. In the event of any deficiency after disposal of the Collateral, the Client shall make good and pay on demand to Galaxy International Securities such deficiency.
Enforcement of Collateral. In remedies which Holder has hereunder or by law, upon Default, Holder shall have the right to enforce its rights in the Collateral by giving notice of the Default to Borrower and foreclosing on the Collateral.
Enforcement of Collateral. 8.1 Following the occurrence of an Event of Default and, in addition, if and when the requirements of Section 1204 et seq. of the German Civil Code (BGB) (Pfandreife) are met in respect of the Secured Obligations (or any part thereof) (an Enforcement Event), the Pledgees, acting through the Facility Agent, shall be entitled, after having given one week's notice to the Pledgor, to avail themselves of all rights and remedies of a pledgee (Pfandgläubiger) hereunder without prior court ruling and released from Section 1277 of the German Civil Code (BGB). However, the Pledgees will only make use of their rights to the extent necessary to cover the Secured Obligations.
Enforcement of Collateral. Upon the Term Loan becoming due and payable, whether automatically or by declaration, the Required Lenders may direct the Collateral Trustee to take any and all action with respect to the Collateral permitted under the Loan Documents, at law, in equity or otherwise, including, without limitation, to foreclose upon any or all of the Collateral and to draw under the Letter of Credit to the extent permitted to do so under the terms thereof.
Enforcement of Collateral. (a) The Collateral shall be enforced by the Collateral Agent in the name and for the account of the Pledgees.
Enforcement of Collateral. This Indenture and the Security Documents shall be subject to the Intercreditor Agreement (and any Additional Intercreditor Agreement).
Enforcement of Collateral. 5.1 Without prejudice to any other rights under these terms or in law, the Company has the right without prior notice or consent from the Client, to dispose of or otherwise deal with any part of the Collateral in its absolute discretion and/or to terminate the Margin Account and to cancel any Facilities granted to the Client and/or any the Client’s outstanding orders when any amount in the Margin Account has become due and payable or the Client fails to maintain the required level of margin. In the event of any deficiency after disposal of the Collateral, the Client shall make good and pay on demand to The Company such deficiency.
Enforcement of Collateral. In addition to any other remedies which the SOIF Parties have hereunder or by operation of law, upon Default, the SOIF Parties shall have the right to enforce their rights in the Collateral by giving notice of the Default to Borrower and foreclosing on the Collateral.
Enforcement of Collateral. (a) The Collateral Trustee shall not be deemed to have knowledge of the existence of any condition or event which constitutes an Event of Default, unless notified in writing by any holder of Secured Obligations. The Collateral Trustee shall not be under any obligation, as a result of knowledge of an Event of Default, to take any action under the provisions of any Security Document unless so directed by the holders of the Secured Obligations in accordance with this Agreement.
Enforcement of Collateral. In addition to any other remedies which Red Rock has hereunder or by law, upon Default, Red Rock shall have the right to enforce its rights in the Collateral by giving notice of the Default to Borrower and foreclosing on the Collateral.
