Security Enforceable. Any Security Interest (other than a Permitted Maritime Lien) in respect of Charged Property becomes enforceable.
Security Enforceable. The Security shall become immediately enforceable if an Event of Default has occurred and is continuing.
Security Enforceable. Any Security on or over the Assets of the Borrower or any Relevant Subsidiary becomes enforceable and any step (including the taking of possession or the appointment of a receiver, manager or similar person) is taken to enforce that Security if it has or could have a Material Adverse Effect on the Borrower.
Security Enforceable. Any security on or over the assets of the Borrower becomes enforceable.
Security Enforceable. The security constituted by, and the rights of the Agent and the Beneficiaries under, this Charge shall be enforceable notwithstanding any change in the constitution of the Agent or any Beneficiary or its absorption in or amalgamation with any other person or the acquisition of all or part of its undertaking by any other person.
Security Enforceable. The whole of the Series 2023-1 (A1) Security shall become enforceable upon the Note Trustee delivering an Enforcement Notice in respect of the Series 2023-1 (A1) Security (or the Security in respect of all Series).
Security Enforceable. At any time after the Security has become enforceable pursuant to Clause 8.1, the Secured Party shall be entitled to cause the Charged Shares to be registered in its name and may at its discretion (in the name of DesalCo or otherwise and without any further consent or authority from the DesalCo):
Security Enforceable. The fact that this Security Agreement provides for Defaults and rights of acceleration shall not derogate from the demand nature of any Obligation payable on demand.
Security Enforceable. The fact that this Agreement and the Credit Agreement provide for Events of Default and rights of acceleration shall not derogate from the nature of any Obligation which is payable on demand.
Security Enforceable. Any step being taken to enforce security over or a distress, execution or other similar process being levied or served against any property of the Franchisee or the whole or a substantial part of the assets or undertaking of the Franchisee, the Parent or any Bond Provider, including the appointment of a receiver, administrative receiver, manager or similar person to enforce that security;
