Determination of balance due in the event of enforcement before the Spanish courts. In the event of enforcement of this Agreement before the Spanish courts, the Administrative Agent shall settle the credit accounts referred to above in this Section 15. It is expressly agreed for purposes of enforceability via judicial or out-of-court methods pursuant to the laws of Spain, that the balance due from the accounts referred to in this Section 15 resulting from the certificate issued for such purpose by the Administrative Agent shall be deemed a liquid, due and payable amount enforceable against the Borrowers, provided that it is evidenced in a notarial document that the settlement was made in the form agreed to by the parties in the enforceable instrument (“título ejecutivo”) and that the balance due matches with the balance that appears in the corresponding open account of the Spanish Alternate Currency Revolving Loan Borrowers in connection with this Agreement. The Administrative Agent shall previously notify the relevant Spanish Alternate Currency Revolving Loan Borrower of the amount due as a result of the settlement.
Determination of balance due in the event of enforcement before the Spanish courts. In the event of enforcement of a Debt Document (including the guarantees under this Agreement or the Revolving Facility Agreement) before the Spanish courts, the Security Trustee shall settle the credit accounts referred to above in Clauses 30.1 (Security Trustee accounting) and 30.2 (Individual account of each Creditor Party). It is expressly agreed for purposes of enforceability via judicial or out-of-court methods pursuant to Spanish Law, that the balance due from the accounts referred to in this Clauses 30.1 (Security Trustee accounting) and 30.2 (Individual account of each Creditor Party) resulting from the certificate issued for such purpose by the Security Trustee shall be deemed a liquid, due and payable amount enforceable against a Debtor, provided that it is evidenced in a notarial document that the settlement was made in the form agreed to by the parties in the enforceable instrument documenting this Agreement (título ejecutivo) and that the balance due matches with the balance that appears in the corresponding open account of the Creditor Party in connection to the relevant Debt Document. The Security Trustee shall previously notify the Debtor of the amount due as a result of the settlement.
Determination of balance due in the event of enforcement before the Spanish courts. In the event of enforcement of (i) the Facility, (ii) the guarantee granted by an Obligor under Clause 19 (Guarantee and Indemnity) of this Agreement, or (iii) any of the Finance Documents before the Spanish courts, the Security Trustee shall settle the credit accounts referred to above in this Clause 43. It is expressly agreed for purposes of enforceability via judicial or out-of-court methods pursuant to Spanish Law, that the balance due from the accounts referred to in this Clause 43 resulting from the certificate issued for such purpose by the Security Trustee shall be deemed liquid, due and payable amount enforceable against the Borrower (or an Obligor under this Agreement or any other Finance Document), provided that it is evidenced in a notarial document that the settlement was made in the form agreed to by the parties in the enforceable instrument documenting this Agreement (“título ejecutivo”) and that the balance due matches with the balance that appears in the corresponding open account of the Borrower (or an Obligor under this Agreement or any other Finance Document) in connection with the Facility. The Security Trustee shall give prior notice to the Borrower (or an Obligor under this Agreement or any other Finance Document) of the amount due as a result of the settlement.
Determination of balance due in the event of enforcement before the Spanish courts. In the event of enforcement of a Debt Document before the Spanish courts, the Security Trustee shall settle the credit accounts referred to above in Clauses 14.1 (Security Trustee accounting) and 14.2 (Individual account of each Creditor Party). It is expressly agreed for purposes of enforceability via judicial or out-of-court methods pursuant to Spanish Law, that the balance due from the accounts referred to in this Clauses 14.1 (Security Trustee accounting) and 14.2 (Individual account of each Creditor Party) resulting from the certificate issued for such purpose by the Security Trustee shall be deemed a liquid, due and payable amount enforceable against a Debtor, provided that it is evidenced in a notarial document that the settlement was made in the form agreed to by the parties in the enforceable instrument documenting this Agreement (titulo ejecutivo) and that the balance due matches with the balance that appears in the corresponding open account of the Creditor Party in connection to the relevant Debt Document. The Security Trustee shall previously notify the Debtor of the amount due as a result of the settlement.
