Common use of Event of Default and Remedies Clause in Contracts

Event of Default and Remedies. If any one of the following events (herein called "Event of Default") shall occur and be continuing: (a) If the Pledgor defaults in the payment of any installment of the Noble Notes when the same shall have become due, either by the terms thereof, or otherwise, as herein provided and such default continues beyond any grace period provided in the Noble Notes; or (b) If the Pledgor becomes in default under the Purchase Documents or the loan agreements governing the loan represented by the Noble Notes; or (c) If the Corporation or the Pledgor become in default under any mortgage, security agreement or other document or instrument given to provide or create collateral security for the Noble Notes; then the Pledged Collateral and any Substitute Collateral, which shall at the time of receipt thereof be applied to payment of the Noble Notes, may be sold, transferred and delivered in whole or in part, together with any substitutes therefor, or additions thereto, at any public or private sale, for cash, upon credit, for present or future delivery, all at the option of Pledgee upon Pledgee's (i) declaring the Noble Notes due and payable under the terms hereof, or declaring other liability mentioned or referred to in this Pledge as being outstanding and overdue, and (ii) giving not less than ten (10) days written notice of such sale to Pledgor by personal delivery, or registered or certified mail, return receipt requested, addressed to their last known address. All rights and remedies of Pledgee upon an Event of Default, including any sale, transfer or delivery of the Pledged Collateral, and any Substitute Collateral, shall occur in Palm Beach County, Florida.

Event of Default and Remedies. If any one of the following events (herein called "Event of Default") shall occur and be continuing: (a) If the Pledgor defaults in the payment of any installment of the Noble Notes Note when the same shall have become due, either by the terms thereof, or otherwise, as herein provided and such default continues beyond any grace period provided in the Noble NotesNote; or (b) If the Pledgor becomes in default under the Purchase Documents or the loan agreements agreement governing the loan represented by the Noble NotesNote; or (c) If the Corporation or the Pledgor become in default under any mortgage, security agreement or other document or instrument given to provide or create collateral security for the Noble NotesNote; then the Pledged Collateral and any Substitute CollateralSecurities, other than cash, which shall at the time of receipt thereof be applied to payment of the Noble NotesNote, may be sold, transferred and delivered in whole or in part, together with any substitutes therefor, or additions thereto, at any broker's board, or at public or private sale, for cash, upon credit, for present or future delivery, all at the option of Pledgee upon Pledgee's (i) declaring the Noble Notes Note due and payable under the terms hereof, or declaring other liability mentioned or referred to in this Pledge as being outstanding and overdue, and (ii) giving not less than ten (10) days written notice of such sale to Pledgor by personal delivery, or registered or certified mail, return receipt requested, addressed to their last known address. All rights and remedies of Pledgee upon an Event of Default, including any sale, transfer or delivery of the Pledged Collateral, and any Substitute CollateralSecurities, shall occur in Palm Beach County, Florida.

Event of Default and Remedies. If any one of the following events (herein called "Event of Default") shall occur and be continuing: (a) If the Pledgor defaults in the payment of any installment of the Noble Notes Note when the same shall have become due, either by the terms thereof, or otherwise, as herein provided and such default continues beyond any grace period provided in the Noble NotesNote; or (b) If the Pledgor becomes in default under the Purchase Documents or the loan agreements agreement governing the loan represented by the Noble NotesNote; or (c) If the Corporation or the Pledgor become in default under any mortgage, security agreement or other document or instrument given to provide or create collateral security for the Noble NotesNote; then the Pledged Collateral and any Substitute CollateralTradeArk Interest, which shall at the time of receipt thereof be applied to payment of the Noble NotesNote, may be sold, transferred and delivered in whole or in part, together with any substitutes therefor, or additions thereto, at any public or private sale, for cash, upon credit, for present or future delivery, all at the option of Pledgee upon Pledgee's (i) declaring the Noble Notes Modified Note due and payable under the terms hereof, or declaring other liability mentioned or referred to in this Pledge as being outstanding and overdue, and (ii) giving not less than ten (10) days written notice of such sale to Pledgor by personal delivery, or registered or certified mail, return receipt requested, addressed to their last known address. All rights and remedies of Pledgee upon an Event of Default, including any sale, transfer or delivery of the Pledged Collateral, and any Substitute CollateralTradeArk Interest, shall occur in Palm Beach County, Florida.

Event of Default and Remedies. If any one of the following events (herein called "Event of Default") shall occur and be continuing: (a) If the Pledgor Xxxxxxx defaults in the payment of any installment of the Noble Notes Boca Loan when the same shall have become due, either by the terms thereof, or otherwise, as herein provided and such default continues beyond any grace period provided in the Noble NotesLoan Documents; or (b) If the Pledgor Xxxxxxx becomes in default under the Purchase Loan Documents or the loan agreements governing the loan represented by the Noble NotesBoca Note; or (c) If the Corporation or the Pledgor Xxxxxxx become in default under any mortgage, security agreement or other document or instrument given to provide or create collateral security for the Noble NotesBoca Note; then the Pledged Collateral and any Substitute Collateral, which shall at the time of receipt thereof be applied to payment of the Noble NotesBoca Note, may be sold, transferred and delivered in whole or in part, together with any substitutes thereforthereof, or additions thereto, at any public or private sale, for cash, upon credit, for present or future delivery, all at the option of Pledgee upon Pledgee's (i) declaring the Noble Notes Boca Note due and payable under the terms hereof, or declaring other liability mentioned or referred to in this Pledge as being outstanding and overdue, and (ii) giving not less than ten (10) days written notice of such sale to Pledgor Xxxxxxx by personal delivery, or registered or certified mail, return receipt requested, addressed to their last known address. All rights and remedies of Pledgee upon an Event of Default, including any sale, transfer or delivery of the Pledged Collateral, and any Substitute Collateral, shall occur in Palm Beach County, Florida.

Event of Default and Remedies. If any one of the following events (herein called "Event of Default") shall occur and be continuing: (a) If the Pledgor defaults in the payment of any installment of the Noble Notes Note when the same shall have become due, either by the terms thereof, or otherwise, as herein provided and such default continues beyond any grace period provided in the Noble NotesNote; or (b) If the Pledgor becomes in default under the Purchase Documents or the loan agreements agreement governing the loan represented by the Noble NotesNote; or (c) If the Corporation or the Pledgor become in default under any mortgage, security agreement or other document or instrument given to provide or create collateral security for the Noble NotesNote; then the Pledged Collateral and any Substitute CollateralMaumelle Notes, which shall at the time of receipt thereof be applied to payment of the Noble NotesNote, may be sold, transferred and delivered in whole or in part, together with any substitutes therefor, or additions thereto, at any public or private sale, for cash, upon credit, for present or future delivery, all at the option of Pledgee upon Pledgee's (i) declaring the Noble Notes Modified Note due and payable under the terms hereof, or declaring other liability mentioned or referred to in this Pledge as being outstanding and overdue, and (ii) giving not less than ten (10) days written notice of such sale to Pledgor by personal delivery, or registered or certified mail, return receipt requested, addressed to their last known address. All rights and remedies of Pledgee upon an Event of Default, including any sale, transfer or delivery of the Pledged Collateral, and any Substitute CollateralMaumelle Notes, shall occur in Palm Beach County, Florida.