WHEN SECURITY BECOMES ENFORCEABLE. This Security may be enforced by the Collateral Agent at any time after an Event of Default has occurred.
WHEN SECURITY BECOMES ENFORCEABLE. The security constituted by this Deed shall become immediately enforceable upon the occurrence of an Event of Default and the power of sale shall be immediately exerciseable upon and at any time after the occurrence of any Event of Default. After the security constituted by this Deed has become enforceable, the Security Agent may in its absolute discretion enforce all or any part of the security in any manner it sees fit or as the Majority Banks direct.
WHEN SECURITY BECOMES ENFORCEABLE. This Security may be enforced by the Security Agent at any time after an Event of Default has occurred and is continuing.
WHEN SECURITY BECOMES ENFORCEABLE. The Security (and any powers implied by statute) shall become immediately enforceable upon the occurrence of an Event of Default and shall remain so for so long as such Event of Default is continuing.
WHEN SECURITY BECOMES ENFORCEABLE. The security constituted by this Deed shall become immediately enforceable and the power of sale and other powers conferred by section 101 of the Law of Property Xxx 0000, as varied or amended by this Deed, shall be immediately exercisable upon and at any time after the occurrence of any Event of Default and whilst the same is continuing after which Burdale may in its absolute discretion enforce all or any part of the security in any manner it sees fit.
WHEN SECURITY BECOMES ENFORCEABLE. The security constituted hereby shall become immediately enforceable upon the occurrence of a Declared Default and at any time thereafter whilst the same is continuing and the power of sale and other powers conferred by Section 101 of the Law of Property Xxx 0000 as varied or amended by this Debenture shall be immediately exercisable upon the occurrence of a Declared Default and at any time thereafter whilst the same is continuing. After the security constituted hereby has become enforceable, the Security Agent may in its absolute discretion enforce all or any part of such security in such manner as it sees fit or as the Majority Banks direct.
WHEN SECURITY BECOMES ENFORCEABLE. The security hereby conferred shall become immediately enforceable and the floating charge created by this Debenture shall be deemed to have crystallized and an unrestricted power of sale together with any powers conferred by statute as varied or amended or granted by this Debenture shall be immediately exercisable by the Collateral Agent (i) if the Owner fails to meet the Obligations in the manner specified in Section 2.1 or (ii) upon and after the occurrence of any Event of Default. After this security has become enforceable, the Collateral Agent may in its discretion enforce all or any part of this security, and exercise all or any rights of enforcement hereby granted, in such manner as the Collateral Agent sees fit.
WHEN SECURITY BECOMES ENFORCEABLE. The security hereby conferred shall become immediately enforceable and the floating charge created by this Debenture shall be deemed to have crystallized and the power of sale and other powers conferred by statute as varied or amended or granted by this Debenture shall be immediately exercisable (i) if the Owner fails to meet the Obligations in the manner specified in Section 2.1 or (ii) upon and after the occurrence of any Indenture Event of Default as defined in the Indenture. After this security has become enforceable, the Indenture Trustee may in its discretion enforce all or any part of this security, and exercise all or any rights of enforcement hereby granted, in such manner as the Indenture Trustee sees fit.
WHEN SECURITY BECOMES ENFORCEABLE. 9.1 On the occurrence of an Event of Default, the Security shall become immediately enforceable and the Secured Obligations shall be due and payable.
WHEN SECURITY BECOMES ENFORCEABLE. (a) The security constituted by this Assignment will be immediately enforceable, and the powers conferred by applicable law, as varied and extended by this Deed shall be exercisable at any time after any occurrence which constitutes an Event of Default under the Venture Loan Agreement and/or the Debentures.
