Consequence of Event of Default. Lender shall not be obligated to disburse Restoration Proceeds or amounts from the Restoration Holdback when an Event of Default exists, and upon the occurrence of an Event of Default, any undisbursed portion of the Restoration Proceeds (including the Restoration Deficiency Deposit and the Restoration Holdback) may, at Lender's option, be applied against the Loan, whether or not then due or accelerated, in such order and manner as Lender determines.
Consequence of Event of Default. In case any Event of Default shall have occurred, the Borrower shall promptly take any and all necessary actions to cure the default; in the event that the Borrower fails to cure the default within thirty (30) days after the occurrence of such default (“Cure Period”), Lender may take any or all of the following actions, at the same time or at different times:
Consequence of Event of Default. In case any Event of Default shall have occurred, then and in every such Event of Default, the Bank may take any or all of the following actions, at the same time or at different times, provided that upon the occurrence of an Event of Default under Section 6.4 hereof the Credit Facilities under this Agreement shall automatically without notification or other action terminate and all Obligations shall automatically without notification or other action be immediately due and payable:
Consequence of Event of Default. On and at any time after the occurrence of an Event of Default, IHFL may, with or without any notice to any of the Borrower(s) and with or without the intervention of the court/arbitrator, (i) cancel/recall the Loan whereupon the Borrower’s Dues shall become immediately repayable/payable by the Borrower(s); and/or (ii) initiate/exercise any or all of its rights, actions, remedies and powers under the Loan Documents and/or applicable laws; and/or (iii) enforce, allot, sell, invoke, deliver, deal with, take possession, convey, transfer, assign, lease, sub-lease, encumber and/or dispose off in any manner (including by private treaty and/or auction), on such terms and conditions including the sale/transfer price of the Security or any part/unit thereof as deemed fit by IHFL, any/ all/part of the Security including the guarantees and/or the demand promissory notes, and/or do such other things in relation to and/or with respect to the Security (any part thereof) which may be permitted under law. If the net sum realized through the enforcement/sale/ transfer of Security is insufficient to cover the Borrower’s Dues, then without prejudice to the other rights and remedies of IHFL under the Loan Documents and/or in law, the Borrower(s) agree(s) and undertake(s) to pay to IHFL forthwith at IHFL’s demand such amount as will make up the shortfall. The decision made by IHFL with respect to any matter under the Loan Documents shall be final and binding on the Borrower(s). If any Event of Default or any event which, after the notice or lapse of time or both would constitute an Event of Default shall have happened, the borrower shall forthwith give IHFL notice thereof in writing specifying such Event of Default, or such event. The borrower shall also promptly inform IHFL if and when any statutory notice of winding-up under the provisions of the applicable laws or of any suit or legal process intended to be filed / initiated against the Borrower(s) is received by the Borrower(s). On the question whether any of the above events/circumstances has occurred/ happened, the decision of IHFL shall be final, conclusive and binding on the borrower. However, IHFL will act in a reasonable manner while exercising any such discretion given to IHFL under this Agreement. The rights, powers and remedies given to IHFL by this Agreement shall be in addition to all rights, powers and remedies given to IHFL by virtue of any other security, statute or rule of law. IHFL may exercise a IHFL’s lie...
Consequence of Event of Default. In case any Event of Default shall have occurred, then and in every such Event of Default, the Lenders may take any or all of the following actions, at the same time or at different times:
Consequence of Event of Default. In the occurrence of any Event of Default, the Bank, by a written notice to the Borrower, may:
14.2.1 Immediately cancel the entirety or a part of its obligation to grant the Loan under this Agreement on the date of such notice or on another date set out by the Bank in such notice; and
14.2.2 Declare that the entire or part of the Payment Obligations currently owed by the Borrower in connection with the Facility Documents (being the amount subject to accelerate recovery stated in the above notice) immediately becomes due and payable on the date of such notice or on another date set out by the Bank in such notice; should the Borrower fails to pay the Loan on the date set out in such notice, the principal balance shall be transferred to overdue debt on the same day, and the interest rates applicable to the overdue principal, the default interest and other default amounts (as the case may be) in Clause 5.3 shall be applied to such unpaid amounts starting from such date; and/or
14.2.3 Enforce the Secured Asset in pursuance to the Security Agreement to recover debt; and/or
14.2.4 Carry out one or several of the actions provided in the Facility Documents or any other actions that the Bank deems necessary to protect its lawful interests.
Consequence of Event of Default. In case any Event of Default shall have occurred, then the Agent may in its discretion or, if instructed by the Required Banks, shall take any or all of the following actions, at the same time or at different times, provided that upon the occurrence of an Event of Default under Section 7.5 hereof the credit facilities under this Agreement shall automatically without notification or other action terminate and all Obligations shall automatically, without, demand, presentment, protest or notice of any kind (all of which are hereby waived by the Borrowers), be immediately due and payable:
Consequence of Event of Default. In case any Event of Default shall have occurred and be continuing, then and in every such event of default, the Secured Party may take any or all of the following actions, either simultaneously or separately:
Consequence of Event of Default. Upon the occurrence and during the continuance of an Event of Default, the Holder may, by notice in writing to the Company declare this Note in whole to be immediately due and payable and require the Company to redeem this Note in whole on the date set forth in such notice at a price equal to the applicable Redemption Price (the “Default Amount”). Simultaneously with the payment of the Default Amount by the Company in accordance with the immediately preceding sentence, the Holder shall surrender the Note to the Company in the manner and at the place designated by the Company, and the Note shall be canceled and retired. For the avoidance of doubt, following the payment in full by the Company of the Default Amount (and any Default Interest), then notwithstanding that this Note shall not have been surrendered, all rights with respect to this Note shall forthwith terminate following such payment. Upon giving such notice, the Holder may exercise any or all of its rights, remedies, powers or discretions under the CN Basic Documents.
Consequence of Event of Default. Upon the occurrence of an Event of Default, the Holder may, by notice in writing to the Company pursuant to Section 2.2, require the Company to redeem this Note in whole or in part.
