Notice of Enforcement Sample Clauses
Notice of Enforcement. If a Notice of Enforcement is in effect, the Grantor shall, if so directed by the Corporate Trustee (who shall give such direction only if required to do so by the Required Secured Parties) or if an Automatic Acceleration Event (as defined below) has occurred:
1. instruct all account debtors and parties to Contracts to make all payments in respect of Receivables to the Enforcement Proceeds Sub-Account; and the Grantor shall have the right and privilege to and may and will, and the Trustees hereby authorize the Grantor to, enforce, compromise and collect amounts owing on the Receivables, for the benefit of the Trustees and the Secured Parties, at the expense of the Grantor, provided that such right and privilege shall automatically be suspended upon the occurrence of any event that by the terms of any Secured Instrument or Secured Instruments pursuant to which more than 50% of the aggregate amount of the Voting Secured Obligations are outstanding would result in any amounts in respect of any outstanding extensions of credit under such Secured Instrument becoming due and payable prior to their stated maturity automatically and without notice or other action by the Secured Party or Secured Parties under such Secured Instrument (an "Automatic Acceleration Event"); and
2. with respect to any Proceeds that are not deposited directly into the Enforcement Proceeds Sub-Account in accordance with paragraph (a) above, when collected by the Grantor, whether consisting of cash, checks, notes, drafts, bills of exchange, money orders, commercial paper of any kind whatsoever or other documents, received in payment of any Receivable or otherwise shall be immediately turned over by the Grantor to the Corporate Trustee, in precisely the form received, except for its endorsement when required, and until turned over shall be deemed to be held in trust by the Grantor for and as the Corporate Trustee's property, and shall be held separately from the Grantor's other funds. Such Proceeds shall continue to be collateral security for all of the Secured Obligations and shall be applied in accordance with the Trust Agreement.
Notice of Enforcement. At any time that a Notice of Enforcement is in effect, the Corporate Trustee may at its option (but shall not be obligated to do so in the absence of a direction from the Required Secured Parties), without notice to or demand upon the Borrower (both of which are hereby waived for the purpose of this subsection), in addition to all other rights and remedies provided under the Trust Agreement, this Agreement and the other Security Documents, in its own name or the name of the Borrower, perform, demand, exercise any of the rights of the Borrower under, agree to waive, amend or modify any provision of, xxx upon or otherwise enforce the Contracts to the same extent as if the Corporate Trustee were the party named in the Contract, and exercise all other rights of the Borrower under the Contracts in such manner as it may determine.
Notice of Enforcement. Each Senior Lender shall give a Notice of Enforcement to all other Senior Lenders as soon as possible, but in any event, within ten days of becoming aware of the occurrence of an Enforcement in respect of any of the Senior Indebtedness owed to such Senior Lender.
Notice of Enforcement. General Authority of the Trustees over the Collateral and Guarantees............................................... 11 2.3
Notice of Enforcement. If any party performs any of the enforcement actions described above, or otherwise enforces the terms and conditions of this Agreement, that enforcing party must provide the other party with a notification of all enforcement actions taken within ten (10) calendar days of the applicable action.
Notice of Enforcement. Where the Pledgee delivers to Euroclear a notice of the occurrence of an Enforcement Event in respect of the Pledgor, it shall:
(a) deliver such notice in, or substantially in, a form accepted by Euroclear;
(b) deliver a copy of such notice to the Pledgor at the same time as it delivers such notice to Euroclear, provided that failure by the Pledgee to comply with paragraph (b) above shall not affect the validity of any action taken by the Pledgee in connection with such Enforcement Event pursuant to this Schedule 4 or the relevant Euroclear Agreements or at law.
Notice of Enforcement. These safety zones will be activated, and thus subject to enforcement, under the following conditions: The Coast Guard must receive and approve a marine event permit for each fireworks display and then the Captain of the Port will cause notice of the enforcement of these safety zones to be made by all appropriate means to provide notice to the affected segments of the public as practicable, in accordance with 33 CFR 165.7(a). The Captain of the Port will issue a Local Notice to Mariners notifying the public of activation and suspension of enforcement of these safety zones. Additionally, an on-scene Patrol Commander may be appointed to enforce the safety zones by limiting the transit of non-participating vessels in the designated areas described above.
Notice of Enforcement. Where the Pledgee delivers to Euroclear a notice of the occurrence of an Enforcement Event in respect of the Pledgor, it shall: […]
Notice of Enforcement. The Lenders agree that, upon either of them commencing Enforcement of its Security, the Lender commencing such Enforcement shall give to the other Lender Notice of commencement of Enforcement, provided that failure to give such Notice shall not render the Lender required to give such Notice liable in any manner to the other Lender or any others, nor shall such failure disentitle such Lender to the benefits of its Security or its rights under this agreement.
Notice of Enforcement. A notice from Lender to any Lessee under a Lease stating that the License has been terminated and instructing each such Lessee under a Lease to pay all current and future Rents and Revenues under the Leases directly to Lender, and attorn in respect of all other obligations thereunder directly to Lender. 641931; Miami-Dade County, Florida Obligations: Any and all of the covenants, conditions, warranties, representations and other obligations (other than to repay the Indebtedness) made or undertaken by Borrower, Guarantor or any Person or party to the Loan Documents to Lender or others as set forth in the Loan Documents.