Common use of Enforcement Powers Clause in Contracts

Enforcement Powers. For the purpose of all rights and powers implied or granted by statute, the Secured Obligations are deemed to have fallen due on the date of this Debenture. The power of sale and other powers conferred by section 101 of the Law of Property Act 1925 and all other enforcement powers conferred by this Debenture (subject to the terms of the Intercreditor Agreement) shall be immediately exercisable at any time after (i) an Acceleration Event has occurred or (ii) a request from the Chargor to the Security Agent that it exercises any of its powers under this Debenture.

Appears in 2 contracts

Samples: Debenture, Debenture

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Enforcement Powers. For the purpose of all rights and powers implied or granted by statute, the Secured Obligations are deemed to have fallen due on the date of this DebentureDeed. The power of sale and other powers conferred by section 101 of the Law of Property Act 1925 Xxx 0000 and all other enforcement powers conferred by this Debenture Deed (subject to the terms of the Intercreditor Agreement) shall be immediately exercisable at any time after (i) an Acceleration Event has occurred or (ii) a request from the Chargor to the Security Agent that it exercises any of its powers under this DebentureDeed.

Appears in 1 contract

Samples: Share Charge and Receivables Assignment Agreement

Enforcement Powers. For the purpose of all rights and powers implied or granted by statute, the Secured Obligations are deemed to have fallen due on the date of this DebentureDeed. The power of sale and other powers conferred by section 101 of the Law of Property Act 1925 and all other enforcement powers conferred by this Debenture Deed (subject to the terms of the Intercreditor Agreement) shall be immediately exercisable at any time after (i) an Acceleration Event has occurred or (ii) a request from the Chargor to the Security Agent that it exercises any of its powers under this DebentureDeed.

Appears in 1 contract

Samples: Share Charge and Receivables Assignment Agreement

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Enforcement Powers. For the purpose of all rights and powers implied or granted by statute, the Secured Obligations are deemed to have fallen due on the date of this Debenture. The power of sale and other powers conferred by section 101 of the Law of Property Act 1925 and all other enforcement powers conferred by this Debenture (subject to the terms of the Intercreditor Agreement) shall be immediately exercisable at any time after (i) an Acceleration Event has occurred or (ii) a request from the Chargor to the Security Agent that it exercises any of its powers under this Debenture.

Appears in 1 contract

Samples: Debenture

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