Whenever the Security definition

Whenever the Security has become enforceable, the Holder may realize upon the Charged Premises and enforce its rights by:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Whenever the Security. Interest has become enforceable, the Collateral Agent may, at any time in its sole discretion, (i) realize upon or otherwise dispose of or contract to dispose of the Collateral by sale, transfer or delivery, or (ii) exercise and enforce all rights and remedies of a holder of the Collateral as if the Collateral Agent were their absolute owner (including, if necessary, causing the Collateral to be registered in the name of the Collateral Agent or its nominee if not already done pursuant to Section 2.3(2)), all without demand of performance or other demand, advertisement or notice of any kind to or upon the Obligor (except as may be required by law or pursuant to Section 3.1). Any remedy may be exercised separately or in combination and shall be in addition to, and not in substitution for, any other rights the Collateral Agent and the Secured Creditors may have, however created. The Collateral Agent shall not be bound to exercise any right or remedy, and the exercise of rights and remedies shall be without prejudice to the rights of the Collateral Agent and the Secured Creditors in respect of the Secured Obligations including the right to claim for any deficiency.

Whenever the Security. Interest has become enforceable, the Canadian Collateral Agent may, at any time in its sole discretion, (i) realize upon or otherwise dispose of or contract to dispose of the Securities by sale, transfer or delivery, or (ii) exercise and enforce all rights and remedies of a holder of the Securities as if the Canadian Collateral Agent were their absolute owner (including, if necessary, causing the Securities to be registered in the name of the Canadian Collateral Agent or its nominee if not already done pursuant to Section 1.4(3)), all without demand of performance or other demand, advertisement or notice of any kind to or upon the Pledgor (except as may be required by law). Any remedy may be exercised separately or in combination and shall be in addition to, and not in substitution for, any other rights the Canadian Collateral Agent and the other Canadian Secured Parties may have, however created. The Canadian Collateral Agent shall not be bound to exercise any right or remedy, and the exercise of rights and remedies shall be without prejudice to the rights of the Canadian Collateral Agent and the other Canadian Secured Parties in respect of the Obligations including the right to claim for any deficiency.

Examples of Whenever the Security in a sentence

• Whenever the Security has become enforceable, the Bond Trustee or its nominees and transferees are empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral that constitutes Pledged Securities to the same extent as the Guarantor might do.

• Whenever the Security Interest has become enforceable, all rights of the Obligor to vote (under any proxy given by the Collateral Agent (or its nominee) in connection herewith or otherwise) or to receive dividends shall cease and all such rights shall become vested solely and absolutely in the Collateral Agent.

• Whenever the Security Procedures include the assigning to Business of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Business shall not disclose such security device except to employees or agents authorized to act for Business in connection with the Service.

• Whenever the Security Council considers matters related to the activities of the Court, the President of the Court (“the President”) or the Prosecutor of the Court (“the Prosecutor”) may address the Council, at its invitation, in order to give assistance with regard to matters within the jurisdiction of the Court.

• Whenever the Security Procedures include the assigning to Client of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Client shall not disclose such security device except to employees or agents authorized to act for Client in connection with the Service.

• Whenever the Security has become enforceable, all rights of the Guarantor LP to vote the Pledged Securities and to give consents, ratifications or waivers and to receive dividends in respect of the Pledged Securities shall cease and all such rights shall become vested solely and absolutely in the Bond Trustee.

• Whenever the Security has become enforceable, the Bond Trustee or its nominees and transferees are empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral that constitutes Pledged Securities to the same extent as the Guarantor LP might do.

• Whenever the Security shall become convertible pursuant to Section 4.1, the Company or, at the Company's written request, the Trustee in the name and at the expense of the Company, shall notify the Holders of the event triggering such convertibility in the manner provided in Section 4.2, and the Company shall also publicly announce such information and publish it on the Company's web site.

• Whenever the Security Interest becomes enforceable, all rights of the Company to vote, make entitlement orders, give consents, ratifications or waivers, exercise other rights or receive dividends or other money or property will cease and all such rights will become vested solely and absolutely in the Collateral Agent, for and on behalf of the Lenders.

• Whenever the Security Procedures include the assigning to the Customer of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, you will not disclose such security device except to agents authorized to act for you in connection with the Services.

More Definitions of Whenever the Security

Whenever the Security. Interest has become enforceable, the Collateral Agent may realize upon the Collateral and enforce the rights of the Collateral Agent and the Secured Creditors by: