Common use of Enforcement of Security Clause in Contracts

Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Lender may take any action which, as a result of the Event of Default or any notice served under Clause 8.6.23 (Acceleration), the Lender is entitled to take under any Finance Document or any applicable law or regulation. 9 Changes to Parties

Appears in 2 contracts

Samples: Agreement (Grindrod Shipping Holdings Ltd.), Agreement (Grindrod Shipping Holdings Ltd.)

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Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Lender may take any action which, as a result of the Event of Default or any notice served under Clause 8.6.23 27.19 (Acceleration), the Lender is entitled to take under any Finance Document or any applicable law or regulation. 9 Changes to Parties.

Appears in 2 contracts

Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)

Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Lender may take any action which, as a result of the Event of Default or any notice served under Clause 8.6.23 (Acceleration27.21 ( Acceleration ), the Lender is entitled to take under any Finance Document or any applicable law or regulation. 9 Changes to Parties.

Appears in 1 contract

Samples: Management Agreement (Diana Shipping Inc.)

Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Lender may take any action which, as a result of the Event of Default or any notice served under Clause 8.6.23 27.17 (Acceleration), the Lender is entitled to take under any Finance Document or any applicable law or regulation. 9 Changes to Parties.

Appears in 1 contract

Samples: Facility Agreement (Castor Maritime Inc.)

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Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing at such time the Lender may take any action which, as a result of the Event of Default or any notice served under Clause 8.6.23 (Acceleration)30.21, the Lender is entitled to take under any Finance Document or any applicable law or regulation. 9 Changes to Parties.

Appears in 1 contract

Samples: Facility Agreement (SAVVIS, Inc.)

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