Common use of Enforcement of security and other rights Clause in Contracts

Enforcement of security and other rights. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 29.18 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.

Appears in 3 contracts

Samples: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

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Enforcement of security and other rights. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 29.18 31.17 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.. 133 ‌ EUROPE/73091764v9 ​

Appears in 1 contract

Samples: Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)

Enforcement of security and other rights. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 29.18 31.17 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.. ​ ​ ​

Appears in 1 contract

Samples: Term and Accordion Facilities Agreement (Ardmore Shipping Corp)

Enforcement of security and other rights. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 29.18 29.17 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.

Appears in 1 contract

Samples: Term Loan Facility (Ardmore Shipping Corp)

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Enforcement of security and other rights. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 29.18 31.18 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.. ​ ​ ​ 32CHANGES TO THE LENDERS

Appears in 1 contract

Samples: Loan Agreement (Ardmore Shipping Corp)

Enforcement of security and other rights. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 29.18 30.17 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.

Appears in 1 contract

Samples: Term Loan Facility (Ardmore Shipping Corp)

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