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: Term Facility Agreement (Grindrod Shipping Holdings Ltd.), Term Facility 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: Term Loan Facility (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 26.21 (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: Term Loan Facility (Navios Maritime Partners L.P.)

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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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 ( ), 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: Term Loan Facility (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: Term Loan Facility (Castor Maritime Inc.)

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