Realization of Security. Each of the Lenders acknowledges that the Agent holds the Security to secure all of the Obligations and upon the event of the occurrence and continuance of an Event of Default, the Agent shall act on the written instructions of the Majority Lenders as provided in this Agreement and shall distribute the net sale proceeds of realization of the Security to the Lenders in accordance with their Proportionate Share of the Obligations and in accordance with Section 12.11.
Realization of Security. 9.1 In realizing the Mortgagee’s right in accordance with laws, Party B is entitled to use the collateral to make up for the indebtedness as agreed by both Parties or settle the outstanding indebtedness by the proceeds derived from the sale or auction of the collateral.
Realization of Security. The Gas Distributor reserves the right realize the security provided to it by the Gas Vendor upon the Gas Vendor failing to meet any of its financial obligations set out in this Agreement, provided that:
Realization of Security. The Lender holds the Security to secure all of the Obligations and upon the event of the occurrence and continuance of an Event of Default, the Lender shall deal with the net sale proceeds of realization of the Security in accordance with Section 9.09.
Realization of Security. For the purposes of this Agreement, the realization of the Security includes any act or proceeding relating to the taking of possession, the administration or the sale by any of the Creditors of any asset encumbered by the Security, including the collection of the receivables of the Debtors or their subsidiaries encumbered by such Security and the collection of insurance indemnities in respect of the assets encumbered by such Security.
Realization of Security. The Pledgee shall immediately become entitled to enforce the Pledge and shall be entitled to sell, realize or dispose of all or any of the Shares in the manners permitted by the applicable law, regulation, and rulings and such other manners as it may see fit and as permitted by law if :
Realization of Security. Each of the Lenders acknowledges that the Agent holds the Security to secure all of the debts and liabilities owing by the Borrower or any other Credit Party to each of the Secured Parties pursuant to this Agreement and the other Credit Documents and upon the event of the occurrence and continuance of an Event of Default, the Agent will act on the written instructions of (i) BDC (for and on behalf of the Lenders), or (ii) BDC and one or more of the other Lenders (for and on behalf of the Lenders), in each case as provided in Section 9.2, in connection with the exercise of the rights and remedies of the Secured Parties thereunder and, subject to Applicable Law, will distribute the net sale proceeds of realization of the Security to the Lenders in accordance with their respective Pro Rata Shares.
Realization of Security. (a) Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent (acting for itself and on behalf of the other Secured Parties) shall have the right, but not the obligation, without any further prior notice or communication (unless such notice or communication is required by mandatory law) to the Security Provider to undertake on its own initiative any acts it deems appropriate to enforce the Security created pursuant to this Agreement by:
Realization of Security. (a) If the Assignor failed to satisfy any of the Secured Obligations, and the Assignee has given written notice to the Assignor that the Assignees will realize their security, the Assignee shall have the right to sell and transfer any of the Assigned Rights and/or collect any payments due under any of the Assigned Rights or take any other step that may be appropriate and economically reasonable to satisfy outstanding claims arising from or in connection with the Secured Obligations.
Realization of Security. (1) Upon non-payment of any part or whole of the Purchase Price or any other amount when due or becoming due as above the Bank may, without demand of payment or notice of intention, (which are hereby expressly waived) force, collect and realize upon any Security by sale, assignment, set off, application and otherwise. Any such sale, assignment or other realization may be at any time and place, public or private, with or without advertisement or notice of the time or place or otherwise (all of which are hereby expressly waived), in one or more sales or parcels at such price or prices as the Bank may deem best, for cash or on credit or for future delivery, without assumption of any credit risk.
