Examples of CTR Lenders in a sentence
The CTR Lenders shall use reasonable care with respect to the Collateral in their possession or under their control.
Furthermore, the CTR Lenders shall have no obligation to take any steps to preserve rights against prior parties to any Instrument or Chattel Paper whether Collateral or Proceeds and whether or not in the CTR Lenders' possession and shall not be liable or accountable for failure to do so.
After and during continuance of an Event of Default, the Company acknowledges that the CTR Lenders or any Receiver appointed by them may take possession of Collateral wherever it may be located and by any method permitted by law and the Company agrees upon request from the CTR Lenders (acting in their own discretion) or any such Receiver (acting on the instructions of the CTR Lenders) to assemble and deliver possession of Collateral at such place or places as directed.
The CTR Lenders shall be entitled to discontinue the exercise of CTR's rights under this Section 9 upon 30 days' notice to SRT and CTR provided that during the period that the CTR Lenders or their assignees are exercising their step-in rights hereunder, any requirements for approval of payments with respect to equipment ordered pursuant to Section 3(c) shall not apply.
After the occurrence of an Event of Default and at any time while it is continuing, the CTR Lenders may, in their own name or in the name of the Company communicate with Account Debtors, parties to Contracts, obligors in respect of Instruments and obligors in respect of Chattel Paper to verify with such Persons, to their satisfaction, the existence, amount and terms of any such Accounts, Contracts, Instruments or Chattel Paper.
The Issuer is competing with many other exploration and development companies possessing greater financial resources and technical facilities than those currently held by the Issuer.CyclesThe mining business is subject to mineral price cycles.
All such obligations of the Company shall be and remain enforceable against and only against the Company and shall not be enforceable against the CTR Lenders.
If the CTR Lenders are unable to locate the Grantor at the address set forth in the appearances herein, then any such notice or demand may be served upon the Grantor at the Office of the Clerk of the Superior Court, District of Montreal at which office in such event the Grantor elects domicile for the purpose of this Deed.
Furthermore, the CTR Lenders may (in their discretion), upon the occurrence of an Event of Default and for so long as it is continuing, demand, collect and xxx on Collateral in the Company's name and may endorse the Company's name on any and all cheques, commercial paper, and any other Instruments and any Securities pertaining to or constituting Collateral.
In the event that the CTR Lenders exercise their right to become the absolute owner of the Charged Property or any part thereof, the Grantor, concurrently with surrender or at any time thereafter at the request of the CTR Lenders, will sign a voluntary Deed providing for the CTR Lenders (or any Person directed in writing by the CTR Lenders) to take in payment the Charged Property or any part thereof.