REPOSSESSION OF ASSET Sample Clauses

REPOSSESSION OF ASSET. To take possession of the hypothecated assets from wheresoever it may be and remove the hypothecated asset including all accessories, bodywork and fittings and for the said purpose, it shall be lawful for the Bank or the Bank authorized representatives, servants, officers and agents forthwith or at any time to enter upon the premises, or garage or godown where the hypothecated assets shall be lying or kept and to take possession or recover or receive the same and if necessary to break open such place of storage; the Bank will be within its rights to use a tow-van to carry away the assets. Any damage to the land or building caused by removal or the asset shall be the sole responsibility of the Borrower(s).
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REPOSSESSION OF ASSET. To take possession of the Hypothecated Assets from wheresoever it may be and remove the Hypothecated Asset including all accessories, bodywork and fittings and for the said purpose, it shall be lawful for CFIL or CFIL authorized representatives, servants, officers and agents forth with or at any time to enter upon the premises, or garage or godown where the Hypothecated Assets shall be lying or kept and to take possession or recover or receive the same and if necessary to break open such place of storage; CFIL will be within its rights to use a tow-van to carry away the Hypothecated Assets. Any damage to the land or building caused by removal of the Hypothecated Asset shall be the sole responsibility of the Borrower.
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REPOSSESSION OF ASSET. To take possession of the hypothecated assets from wheresoever it may be and remove the hypothecated asset including all accessories, bodywork and fittings and for the said purpose, it shall be lawful for CFIL or CFIL authorized representatives, servants, officers and agents forthwith or at any time to enter upon the premises, or garage or godown where the hypothecated assets shall be lying or kept and to take possession or recover or receive the same. CFIL will be within its rights to use a tow-van to carry away the assets. Any damage to the land or building caused by removal or the asset shall be the sole responsibility of the Borrower(s).
Sample 1Sample 2Sample 3
REPOSSESSION OF ASSET. To take possession of the Hypothecated Assets from wheresoever it may be and remove the Hypothecated Asset including all accessories, bodywork and fittings and for the said purpose, it shall be lawful for CFIL or CFIL authorized representatives, servants, officers and agents forthwith or at any time to enter upon the premises, or garage or godown where the Hypothecated Assets shall be lying or kept and to take possession or recover or receive the same; CFIL will be within its rights to use a tow-van to carry away the Hypothecated Assets. Any damage to the land or building caused by removal of the Hypothecated Asset shall be the sole responsibility of the Borrower.
Sample 1

Related to REPOSSESSION OF ASSET

  • Disposition of Assets To sell, exchange, lend, pledge, mortgage, hypothecate, write options on and lease any or all of the assets of the Trust;

  • REVERSION OF ASSETS (a) Upon expiration of the term of this Agreement, or upon any prior termination, Subrecipient shall transfer to City any funds provided hereunder which are on hand at the time of expiration or termination.

  • Liquidation of Assets We have the right to liquidate assets in your Xxxx XXX if necessary to make distributions or to pay fees, expenses, taxes, penalties, or surrender charges properly chargeable against your Xxxx XXX. If you fail to direct us as to which assets to liquidate, we will decide, in our complete and sole discretion, and you agree to not hold us liable for any adverse consequences that result from our decision.

  • Use and Reversion of Assets The use and disposition of real property and equipment under this Agreement shall be in compliance with the requirements of 24 CFR Part 84 and 24 CFR 570.502, 570.503, and 570.504, as applicable, which include but are not limited to the following:

  • Distribution of Assets In case the Company shall declare or make any distribution of its assets (including cash) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise, then, after the date of record for determining shareholders entitled to such distribution, but prior to the date of distribution, the holder of this Warrant shall be entitled upon exercise of this Warrant for the purchase of any or all of the shares of Common Stock subject hereto, to receive the amount of such assets which would have been payable to the holder had such holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such distribution.

  • DISPOSITION OF EQUIPMENT The Grantee shall provide to the State, not less than 30 calendar days prior to submission of the final invoice, an itemized inventory of equipment purchased with funds provided by the State. The inventory shall include all items with a current estimated fair market value of more than $5,000.00 per item. Within 60 calendar days of receipt of such inventory the State shall provide the Grantee with a list of the items on the inventory that the State will take title to. All other items shall become the property of the Grantee. The State shall arrange for delivery from the Grantee of items that it takes title to. Cost of transportation, if any, shall be borne by the State.

  • Sale of Assets The Company or the Bank sells to a third party all or substantially all of its assets.

  • Property Inventory and Protection of Assets Grantee will;

  • Puts of Assets to the Receiver (a) Puts Within 30 Days After the Bank Closing Date. During the thirty (30)-day period following the Bank Closing Date and only during such period (which thirty (30)-day period may be extended in writing in the sole and absolute discretion of the Receiver for any Loan), in accordance with this Section 3.4, the Assuming Institution shall be entitled to require the Receiver to purchase any New Loans and any Deposit Secured Loan transferred to the Assuming Institution pursuant to Section 3.1 which is not fully secured by Assumed Deposits or deposits at other insured depository institutions due to either insufficient Assumed Deposit or deposit collateral or deficient documentation regarding such collateral; provided that with regard to any Deposit Secured Loan secured by an Assumed Deposit:

  • Disposal of Assets 88) Where the Academy Trust acquires assets for a nil consideration or at an under value it shall be treated for the purpose of this Agreement as having incurred expenditure equal to the market value of those assets at the time that they were acquired. This provision shall not apply to assets transferred to the Academy Trust at nil or nominal consideration and which were previously used for the purposes of an Academy and/or were transferred from an LA, the value of which assets shall be disregarded.

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