After Charge becoming enforceable Clause Samples
After Charge becoming enforceable. At any time after this Charge has become enforceable:
(a) the Security Agent shall have the right to (at its sole discretion, in the name of the Chargor or otherwise and without notice to, or any further consent or authority from, the Chargor):
(i) date and complete the transfer forms or transfer documents referred to in Section 3.2 (Documents of Title) and cause the Charged Assets to be registered in its name, the name of its nominee or any other party as permitted pursuant to this Charge, and receive and retain any Distributions;
(ii) exercise (or refrain from exercising) voting and all other Rights attaching to the Charged Assets;
(iii) exercise (or refrain from exercising) any Right of a legal owner of the Charged Assets, including the right to participate in:
(1) any reconstruction, amalgamation, sale or other disposal of the Company or any of its assets or undertakings (including any exchange, conversion or reissue of any shares or securities as a consequence thereof),
(2) any realisation, modification or variation of any Right or Secured Obligation attaching to any shares or securities of the Company, and
(3) any exercise, renunciation or assignment of any Right to subscribe for any shares or securities of the Company, in each case in such manner and on such terms as it may think fit;
(b) the Chargor shall pay (i) all Distributions and all other Derivative Assets to the Security Agent and (ii) segregate any Distribution or any other Derivative Asset to be received by the Chargor from any other property of the Chargor and hold such Distribution and any other Derivative Asset on trust for the Security Agent;
(c) the Chargor shall procure that all voting and other Rights relating to the Charged Assets are exercised in accordance with such instruction as may from time to time be given to the Chargor by the Security Agent, and the Chargor shall deliver to the Security Agent such form of proxy or other appropriate form of authorization as may from time to time be required by the Security Agent to enable the Security Agent to exercise such voting and other Rights; and
(d) the Chargor shall accept short notice for and attend any meeting of the holders of any Charged Assets, appoint proxies and exercise voting and other rights and powers exercisable by the holders of the Charged Assets as the Security Agent may direct from time to time.
