Enforcement Event. If the Note Trustee serves an Enforcement Notice on the Issuer pursuant to the Trust Deed it shall forthwith provide a copy thereof to the Lender, and the Loan, together with all interest thereon, shall, subject always to Clause 9, become immediately due and repayable.
Enforcement Event. The Transaction Security shall be immediately enforceable on the occurrence of an Enforcement Event.
Enforcement Event. If the Security Trustee serves a Loan Note Enforcement Notice on Loan Note Issuer No.1 pursuant to the terms of any Global Loan Note it will forthwith provide a copy thereof to the Expenses Loan Provider and the Expenses Loan, together with all interest thereon, will, subject always to Clause 11 (Enforcement and Subordination), become immediately due and repayable by the Loan Note Issuer No. 1.
Enforcement Event. The Transaction Security (to the extent not previously released pursuant to Clause 9 (Automatic Release of Transaction Security)) shall be immediately enforceable on the occurrence of an Enforcement Event.
Enforcement Event. An enforcement event (an Enforcement Event) shall occur if:
(a) default is made in the payment of any principal or interest due under the Capital Securities or any of them and, in the case of interest only, the default continues for a period of five Business Days (as defined in Condition 6.4) (save, in the case of interest where such failure occurs solely as a result of the occurrence of a Non-Payment Event or a Non-Payment Election);
(b) default is made in any payment due under the Subordinated Guarantee and the default continues for a period of 14 days; or
(c) any one or more of the following events shall occur and be continuing:
Enforcement Event. 5.1 Without prejudice and in addition to any of the rights of the Collateral Agent under the Law (after the occurrence of an Enforcement Event which is continuing), if an Enforcement Event has occurred and is continuing, the Collateral Agent may (upon the instruction of the Applicable Representative) enforce the security granted by this Agreement, following delivery of the required notice under the Law.
5.2 If an Enforcement Event has occurred and is continuing and provided the Collateral Agent has served notice in accordance with Clause 5.1, the Grantor authorises and instructs the Collateral Agent to deal with the Collateral in its own discretion as it sees fit in accordance with the Intercreditor Arrangements without any reference to or further authority from the Grantor and without any enquiry by the Grantor as to the justification for the Collateral Agent’s actions.
Enforcement Event. Upon the occurrence of an Enforcement Event, any holder of the Capital Securities may give written notice to the Issuer at the specified office of the Fiscal Agent, effective upon the date of receipt thereof by the Fiscal Agent, that such Capital Security is due and payable, whereupon the same shall, subject to Condition 10 (Write down at the point of Non-Viability) and Condition 11.4 (Enforcement Events – Restrictions) become forthwith due and payable at its Early Redemption Amount, without presentation, demand, protest or other notice of any kind.
Enforcement Event. Mego shall be in default under this agreement upon the occurrence of any of the following events or conditions, namely: (a) default in the performance of any of the Obligations or of any agreements or liabilities contained or referred to herein or in GSCS; (b) any warranty, representation or statement made or furnished to Secured Party by or on behalf of Mego proving to have been false in any material respect when made or furnished; (c) loss, theft, substantial damage, destruction, sale or encumbrance to or any of the Collateral, or the making of any levy, seizure or attachment thereof or thereon; or (d) dissolution, termination of existence, filing by Mego or by any third party against Mego of any petition under any bankruptcy statute, insolvency, business failure, appointment of a receiver of any part of the property of, or assignment for the benefit of creditors by Mego. Upon the occurrence of an Enforcement Event, the Mego must:
(a) transfer to the Secured Party any interest and other monies and benefits it may receive thereafter in connection with the Stockpile
(b) notwithstanding Clause 5.2 of this Agreement, not take any decisions as the owner of Stockpile except in accordance with the instructions of the Secured Party.
Enforcement Event. In the event of the voluntary or involuntary winding up, dissolution, liquidation or bankruptcy (including, inter alia, Liquidazione Coatta Amministrativa) of the Issuer, the Notes shall become immediately due and payable. The rights of the Noteholders and the Couponholders in the event of a winding up, dissolution, liquidation or bankruptcy of the Issuer will be calculated on the basis of the Prevailing Principal Amount of the Notes, plus any accrued interest and any additional amounts due pursuant to Condition 9 (Taxation) (to the extent that such interest and additional amounts are not cancelled in accordance with these Conditions). No payments will be made to the Noteholders or Couponholders before all amounts due, but unpaid, to all other creditors of the Issuer ranking ahead of the Noteholders and the Couponholders as described in Condition 4 (Status of the Notes) have been paid by the Issuer, as ascertained by the liquidator.
Enforcement Event at any time during the Certain Funds Period, of a Major Default which is continuing; or
