Enforcement of Lien. 14 (1) After the Establishment Period, subject to Article 14 (2), the Company may sell in such manner as the Directors think fit, any shares on which the Company has a lien.
14 (2) A share on which the Company has a lien shall not be sold unless:
(a) a sum in respect of which the lien exists is presently payable; and
(b) the Company has not less than fourteen (14) days before the date of the sale given to the registered holder for the time being of the share, or the person entitled thereto by reason of the holder’s death or bankruptcy, a notice in writing stating and demanding payment of such part of the amount in respect of which the lien exists as is presently payable.
Enforcement of Lien. 14(1) After the Establishment Period, subject to Article 14(2), the Company may sell in such manner as the Directors think fit, any shares on which the Company has a lien.
14(2) A share on which the Company has a lien shall not be sold unless:
Enforcement of Lien. If an occupant is in default for a period of at least thirty days, the operator may enforce the lien granted in section 578B.5 by selling the occupant’s personal property. Sale of the occupant’s personal property may be by public or private proceedings. Such personal property may be sold as a unit or in parcels, by way of one or more contracts, at any time or place, and on any terms as long as the sale is commercially reasonable. The operator may otherwise dispose of any property that has no commercial value.
Enforcement of Lien. 9.1 The Portfolio Manger shall be entitled to exercise lien over the assets of the Portfolio of the Client under the provisions of this Agreement without any prior written notice to the Client.
9.2 The Portfolio Manager will sell the appropriate Portion of the Client’s portfolio.
9.3 If the sale proceeds of the Appropriate Portion or any part thereof exceeds the required Margin Deposit with interest or any outstanding indebtedness of the Client under this Agreement, the excess funds after adjustment will be deposited in the Non Discretionary Account.
9.4 If the sale proceeds of the Appropriate portion or any part thereof is less than the required Margin Deposit with interest or any outstanding indebtedness of the Client under this Agreement, the Portfolio Manager shall immediately request the Client in writing for adjustment of the shortfall.
9.5 Upon failure by the Client to adjust his/her outstanding account or accounts, the Portfolio Manager will be entitled to close all or any accounts of Client and take appropriate actions, including enforcement of this Agreement and the Security. The outstanding dues of the Client shall also be adjusted from the sale proceeds of shares of the Client, if any.
Enforcement of Lien in the event of default in the payment of rent provided herein, LANDLORD shall notify the TENANT of such default by regular mail at his last known address. If such default is not cured within ten (10) days after its occurrence, then the LANDLORD may enforce it lien according to the laws of the Commonwealth of Virginia.
Enforcement of Lien. FOR AND IN CONSIDERATION of the privileges, protections, mutual enjoyment and use of the Common Elements and the premises contained herein, the receipt of which is hereby acknowledged and any assumption of the obligations by transferees as required hereunder and to secure the payment of said Common Expenses, principal, interest, and attorney fees, alien is expressly retained by the Association on each and every Unit Owner's Unit and prorata interest in the Common Elements (referred to in this subparagraph 10(b) as “property”). And now, for the purpose of better and more effectually securing the payment of said lien indebtedness; rendering unnecessary court proceedings for the enforcement of said lien in the event of the non-payment of said indebtedness and payments thereof: as they become due, and for the consideration of one dollar paid in cash receipt of which is acknowledged, the said Unit Owners their heirs, administrators and assigns, hereinafter referred to as trustors, hereby transfer and convey unto Xxxx Xxxxxxx, Xx. Xxxxxxx, his successors and assigns, the property hereinbefore describe with the appurtenances, estate title and interest thereto belonging to the following uses and trusts: Trustors agree to pay their prorate share of Common Expenses when due and further agree to pay all taxes and assessments thereon, general or special and to pay them when due, and, upon demand of said trustee or the lawful owner and holder of said indebtedness, to pay, discharge, or remove., any and all liens (except a First Mortgage or Deed of Trust) which may be hereafter placed against said property and which shall adversely affect the lien of this instrument or enforcement of the terms and provisions hereof; to keep the improvements on said property in good repair and preservation, and in case the trustee or his successors or the lawful owner and holder of said indebtedness shall hereafter be required to appear in any court or tribunal to enforce, or defend the title to, or possession of, said property or the lien of this instrument, or appear in any court to prove the above indebtedness, all the costs and expenses of such appearance or proceedings, together with a reasonable attorney's fee, shall be allowed, and be payable by trustors upon demand of the trustee or lawful owner or holder of said indebtedness, and, upon failure to do any of these things, then said trustee, or the lawful owner and holder of said indebtedness may do any or all of these things and t...
Enforcement of Lien. The liens provided for in this REA may be filed of record by the party entitled thereto as a claim of lien against the defaulting Owner and Parcel of the defaulting Owner in the Office of the County Recorder of Orange County, signed and verified, which shall contain at least:
(i) A statement of the unpaid amount of costs and expenses (which may include reasonable attorneys’ fees and court costs);
(ii) A description sufficient for identification of the Parcel of the defaulting Owner which is the subject of the lien; and
(iii) The name of the Owner or reputed Owner of the Parcel which is the subject of the alleged lien. Such lien shall be effective and have priority as of the date of recording of such lien, and shall be subordinate to the lien of any mortgage recorded prior thereto. The lien shall be prior and superior to any right, title, interest, lien or claim which may be or has been acquired or attached to such Parcel after the time of filing of such lien. Such lien shall be for the use and benefit of the person filing same, and may be enforced and foreclosed in a suit or action brought in any court of competent jurisdiction.
Enforcement of Lien. If the tenant has been in default continuously for a period of thirty (30) days or more, the Owner shall give written notice of default to the Tenant at the address set forth below or to the address provided by the Tenant in a subsequent written notice of change of address. (See #18 above). Such notice shall be presumed delivered when it is deposited with the United States Postal Service and properly addressed with postage prepaid. If the total amount due to the Owner is not paid within fifteen (15) days after such notice is deposited in the United States mail, then the personal property will be advertised for sale or other disposition and will be sold or otherwise disposed of. In the event of the sale of the Tenant’s property, the Owner may retain from the proceeds of the sale all amounts due to the Owner, including the costs and expenses incurred in conducting the sale. If the proceeds of the sale are not sufficient to pay the total amount due to the Owner, the Tenant shall remain liable for the balance.
Enforcement of Lien. For the purpose of enforcing such lien, the directors may sell the shares subject thereto in such manner as they think fit; but no sale shall be made until notice in writing of the intention to sell has been given to such Shareholder, his executors, administrators, successors or assigns and default shall have been made by him or them in the payment, fulfillment or discharge of such debts, liabilities or engagements for seven (7) days after such notice. The net proceeds of any such sale after payment of the cost of such sale shall be applied in or towards the satisfaction of such debts, liabilities or engagements and the residue, if any, paid to such Shareholder or his executors, administrators, successors or assigns.
Enforcement of Lien. In the event of default, which is defined as any failure to perform, in a timely manner, any obligation or duty set forth in T.C.A § 00-00-000, et. seq. or any obligation or duty set forth in the Lease, the Lessor maintains the following rights:
