IMMEDIATE FORECLOSURE Sample Clauses

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.

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.

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...

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

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.

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.