IMMEDIATE FORECLOSURE Sample Clauses

IMMEDIATE FORECLOSURE. Upon the occurrence of an Enforcement Event the Pledgee may, without any further notice of default or other notice being required, sell the Collateral in accordance with applicable law and have recourse against any Collateral collected pursuant to Clause 0 (Collection by Pledgee).
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IMMEDIATE FORECLOSURE. (a) Upon the occurrence of an Enforcement Event , the Pledgee may, without any further notice of default or other notice being required, sell the Collateral in accordance with applicable law and have recourse against any Collateral collected pursuant to Clause 6.1 (Collection by Pledgee). (b) The Pledgor shall not be entitled to file a request with an interim provisions judge to request that its Collateral be sold in a deviating manner as provided for in section 3:251 NCC. (c) The Pledgee shall not be obliged to give notice of an intended sale as provided for in section 3:249 NCC, and the Pledgee shall not be obliged to give the notice following the sale as provided for in section 3:252 NCC. (d) The Pledgee is not obliged to first foreclose on any other security right created under or in connection with the Facility Agreement.
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IMMEDIATE FORECLOSURE. If an Enforcement Event has occurred and is continuing, the Pledgee shall be empowered, upon at least ten (10) Business Days' notice to the Pledgor but without other demand, at its commercially reasonable discretion, to cause all or a part of the Pledged Shares and the Shareholder Rights to be sold in accordance with the provisions of the articles of association of the Company and the laws of the Netherlands.
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IMMEDIATE FORECLOSURE. ENFORCEMENT 10.1 Without prejudice to any other right or remedy available to the Pledgee, upon the occurrence and during the continuance of any Enforcement Event, the Administrative Agent, by giving written notice to the Pledgor, may declare the security hereby constituted immediately enforceable and the Pledgee may immediately exercise in respect of any or all of the Charged Assets any or all of its rights and powers set out in this Deed irrespective of whether the Pledgee shall have proceeded against or claimed payment from any party liable for any of the Secured Obligations. The Pledgor waives any right it may have requiring the Pledgee first so to proceed or so to claim or to enforce any security granted by any other person before enforcing this Deed. In particular, the Pledgor to the fullest extent permitted by applicable law irrevocably waives all defenses conferred by Section 3:234 of the Dutch Civil Code, which waiver is hereby accepted by Pledgee. 10.2 Upon the occurrence of an Enforcement Event the Pledgee shall be entitled to the fullest extent permitted by applicable law, without further notice, advertisement, hearing or process of law of any kind except as may be otherwise required by law, to sell and assign all or part of the Charged Assets in accordance with the laws of the Netherlands, and, where applicable, the Articles of Association including: (a) selling the Charged Assets at a public auction in accordance with local custom and conditions in accordance Section 3:250 of the Dutch Civil Code; or (b) applying for a court order (the corresponding right to apply of the Pledgor is hereby excluded, and the Pledgor to the fullest extent permitted by applicable law hereby waives and agrees not to exercise its right to apply for such a court order, which waiver is hereby accepted by the Pledgee) authorising the sale of the Charged Assets in the manner determined by the court, or authorising that the Charged Assets remain with the Pledgee in payment of such amount as will be determined by the court in accordance with Section 3:251 of the Dutch Civil Code. The Pledgee shall not be bound by the period of notice of intent to sell prescribed by Section 3:249(1) of the Dutch Civil Code. 10.3 The Pledgee shall have the right to impose such limitations and restrictions on the sale of the Charged Assets as the Pledgee may deem necessary or appropriate to comply with any law, rule or regulation applicable to the sale. The Pledgor shall cooperate with the P...
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IMMEDIATE FORECLOSURE. ENFORCEMENT 12.1 Without prejudice to any other right or remedy available to the Pledgee, upon the occurrence and during the continuance of any Enforcement Event, the Administrative Agent, by giving written notice to the Pledgor, may declare the security hereby constituted immediately enforceable and the Pledgee may immediately exercise in respect of any or all of the Receivables any or all of its rights and powers set out in this Deed irrespective of whether the Pledgee shall have proceeded against or claimed payment from any party liable for any of the Secured Obligations. The Pledgor waives any right it may have requiring the Pledgee first so to proceed or so to claim or to enforce any security granted by any other person before enforcing this Deed. In particular, the Pledgor to the fullest extent permitted by applicable law irrevocably waives all defenses conferred by Section
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IMMEDIATE FORECLOSURE. Upon the occurrence of an Enforcement Event the Pledgee may, without any further notice of default or other notice being required, sell the Collateral of that Pledgor (in any order as the Pledgee in its sole discretion may deem appropriate) in accordance with applicable law.
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IMMEDIATE FORECLOSURE. APPLICATION OF PROCEEDS The Pledgee will apply the proceeds from the sale of any Collateral towards satisfaction of the relevant Secured Obligations in accordance with the provisions of Section 8(b) of the U.S. Security Agreement, subject to mandatory provisions of Netherlands law.
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Related to IMMEDIATE FORECLOSURE

  • Immediate Payment Each Guarantor agrees to make immediate payment to the Trustee on behalf of the Holders of all Guarantee Obligations owing or payable to the respective Holders upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.

  • Death in the Immediate Family An allowance of up to five (5) days leave shall be granted. Immediate family shall be considered as father, mother, spouse, child, brother, sister, mother-in-law, father-in-law, and grandparents, or any member of the immediate household.

  • Death in Immediate Family A regularly scheduled employee may be granted up to five days of leave of absence with pay by the Agency/Department Head because of death in the immediate family. An employee shall be allowed to take such leave within a four week period. For purposes of this subsection, "immediate family" means mother, stepmother, father, stepfather, husband, wife, domestic partner (upon submission of an affidavit as defined in the appendices), son, stepson, daughter, stepdaughter, brother, sister, grandparent, grandchild, ▇▇▇▇▇▇ parent, ▇▇▇▇▇▇ child, mother-in-law, and father-in-law, or any other person sharing the relationship of in loco parentis; and, when living in the household of the employee, a brother-in-law, sister-in-law. Entitlement to leave of absence under this subsection shall be only for all hours the employee would have been scheduled to work for those days granted, and shall be in addition to any other entitlement for sick leave, emergency leave, or any other leave.

  • Immediate Termination The Funder may terminate this Agreement immediately upon giving Notice to the HSP if: (1) the HSP is unable to provide or has discontinued the Services in whole or in part or the HSP ceases to carry on business; (2) the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver; (3) the Funder is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; (4) the Home has been closed in accordance with the Act; or (5) as provided for in section 4.5, the Funder does not receive the necessary funding from the Ministry.

  • How to Add or Remove Coverage for Family Members If your plan offers family coverage, you must notify your employer if you want to add or remove family members according to the Special Enrollment provisions described above. When adding or removing a family member, inform your employer in advance of the requested effective date and your employer will notify us. All requests must be made through your employer. We cannot directly add or remove coverage for you or your family members.