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Notice of Enforcement Sample Clauses

Notice of Enforcement. If a Notice of Enforcement is in effect, the Borrower 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 Borrower shall have the right and privilege to and may and will, and the Trustees hereby authorize the Borrower 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 Borrower, 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 Borrower, 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 Borrower 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 Borrower for and as the Corporate Trustee's property, and shall be held separately from the Borrower'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 EnforcementAt 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. 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. 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. (a) A Cross Charge Enforcer must give notice to the Permitted Chargee not less than 7 days before it or its Enforcement Administrator commences enforcement under or in respect of its Cross Charge in relation to any Charged Property. (b) On an Enforcer commencing enforcement proceedings under a Charge: (i) a Cross Charge Enforcer must keep the Permitted Chargee informed as to the amount owing or payable to it and secured by the Cross Charge; and (ii) the Permitted Chargee must keep the Joint Venturers and the Operator informed as to the amount owing or payable to it and secured by the Permitted Charge.
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.
Notice of Enforcement. The Term Agent agrees to give to the Revolver Agent written notice of any Enforcement Action pursuant to the Term Loan Documents (each such notice, a “Notice of Enforcement”). Notices of Enforcement shall be given in the manner and to the respective addresses set forth in Section 10 of this Inter-Lender Agreement, or to such other address specified by any party by written notice to any other party. Notice of Enforcement shall be given prior to or concurrent with the relevant Enforcement Action, except that Term Agent may give a Notice of Enforcement promptly after taking the relevant Enforcement Action if it in good faith believes that immediate Enforcement Action is or may be required to protect its interest in the property subject to its Liens. No liability or defense shall ever arise, no Lien shall ever be lost, invalidated, or impaired, and no action taken in enforcement of a Lien shall ever by annulled, set aside, affected, or impaired solely as a result of the failure to give any notice required by this Section 2 in accordance with this Inter-Lender Agreement. The Revolver Agent agrees to give prompt written notice to the Term Agent of the occurrence of each Revolver Trigger Date.
Notice of Enforcement. It may give any notice or notices to any person, giving directions (which shall apply to the exclusion of any directions given at any time by or on behalf of the Company), regarding the exercise of all or any of the rights, powers, discretions and remedies which would (but for this Deed) be vested in the Company under and in respect of the Security Assets.
Notice of Enforcement. Upon the occurence of an event of default, including but not limited to any breach or acceleration of any Secured Obligation for whatever reason, the Collateral Agent may enforce this Pledge by means of the procedures established in Colombian or any other applicable law. In addition, at any time, the Collateral Agent may request the attachement of the Commercial Establishment of Unitel. In connection with the enforcement of the Pledge the Parties agree as follows: (i) During the collection proceedings, the Parties will comply with the following procedure in order to appoint a bailee, in accordance with numeral 4th of article