Common use of Enforcement of Remedies Clause in Contracts

Enforcement of Remedies. Each Credit Line Agreement permits the holder to enforce its full remedies, with respect to, among other things, material events of default by the Mortgagor, declines in the value of the related Mortgaged Property and material changes in the Mortgagor’s financial circumstances.

Enforcement of Remedies. Each Credit Line Agreement permits the holder to enforce its full remedies, with respect to, among other things, material events of default by the Mortgagor, declines in and to suspend or terminate the right to make additional Draws or reduce the Credit Limit if the value of the related Mortgaged Property and material changes in declines significantly, the Mortgagor’s financial circumstancescircumstances materially change, or certain other events occur as described in the Credit Line Agreement.

Enforcement of Remedies. Each Credit Line Agreement permits the holder to enforce its full remedies, with respect to, among other things, material events of default by the Mortgagor, declines in and to suspend or terminate the right to make additional Draws or reduce the Credit Limit if the value of the related Mortgaged Property and material changes in declines significantly, the Mortgagor’s ​ ​ financial circumstancescircumstances materially change, or certain other events occur as described in the Credit Line Agreement.