If an Event of Default occurs Clause Samples

If an Event of Default occurs. (a) we can, subject to any applicable law, without prior notice take any or all of the following actions: (i) call up and demand payment of the Amount Outstanding, even if not due; and/or (ii) cancel this Agreement; and (b) each security interest created under the Relevant Documents will become immediately enforceable (without notice to, or the consent of, you or any other person) and for that purpose we can: (i) in your name or otherwise, at any time do anything and exercise any right which you could do or exercise in relation to the Secured Property, including the right to take possession of all or any part of the Secured Property or sell or otherwise dispose of all the Secured Property or any part of it in such manner and on such terms as we may determine, and deduct from the sale proceeds the costs of the sale and any other unpaid charges or fees; (ii) exercise all other rights conferred on us by law; and/or (iii) appoint any person or persons to be a Receiver of all or any part of the Secured Property.
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If an Event of Default occurs. (a) we can, without prior notice, take any or all of the following actions: (i) demand payment of the Amount Outstanding, even if that amount is not due at that time; and/or (ii) cancel this Agreement; and (b) the Security created under this Agreement will become immediately enforceable (without notice to, or the consent of, you or any other person) and we can: (i) dispose of the Asset; (ii) take possession of the Asset; (iii) use or operate the Asset as if we owned it; and/or (iv) do all things and pay any amount necessary or appropriate to remedy the Event of Default to our satisfaction, in each case in any way we decide to.
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If an Event of Default occurs. (a) we can, without prior notice, take any or all of the following actions: (i) demand payment of the Amount Outstanding, even if that amount is not due at that time; and/or (ii) cancel this Agreement; and (b) as your agent, enter any other land, buildings or premises which you are allowed to enter where the Asset may be to repossess the Asset; and (c) search for, remove and take possession of the Asset without being liable to you or to anyone claiming on your behalf for doing so. We will only exercise these rights if an Event of Default has occurred and we reasonably consider it necessary.
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Related to If an Event of Default occurs

  • Default or Event of Default Seller shall notify Buyer of the occurrence of any Default or Event of Default with respect to Seller as soon as possible but in no event later than two (2) Business Days after obtaining Knowledge of such event.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders. (b) The Guarantee Trustee shall not be deemed to have knowledge of any Event of Default unless the Guarantee Trustee shall have received written notice, or a Responsible Officer charged with the administration of this Guarantee Agreement shall have obtained written notice, of such Event of Default.

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.