Common use of Enforcement of any security Clause in Contracts

Enforcement of any security. Any corporate action, legal proceeding or other procedure or step is taken in relation to enforcement of any Security Interests over any assets of the Borrower.

Appears in 4 contracts

Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)

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Enforcement of any security. Any corporate action, legal proceeding or other procedure or step is taken in relation to enforcement of any Security Interests security interests over any assets of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Seven Seas Cruises S. DE R.L.)

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