Common use of Powers of Enforcement Clause in Contracts

Powers of Enforcement. If an Event of Default occurs the Lender may in the name of the relevant Obligor or otherwise: (a) take possession of and sell the Secured Property (and for this purpose the Lender or its agents may enter any premises where the Secured Property is held and repossess the Secured Property); (b) at any time, do anything that the Obligor could do in relation to the Secured Property and the Obligor's business and its operations generally; (c) exercise all the rights of a natural person in relation to the Secured Property and the Obligor’s business and its operations generally; and (d) exercise all of its other legal rights in relation to the Secured Property.

Appears in 7 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Powers of Enforcement. If an Event of Default occurs the Lender may in the name of the relevant Obligor or otherwise: (a) take possession of and sell the Secured Property (and for this purpose the Lender or its agents may enter any premises where the Secured Property is held and repossess the Secured Property); (b) at any time, do anything that the Obligor could do in relation to the Secured Property and the Obligor's ’s business and its operations generally; (c) exercise all the rights of a natural person in relation to the Secured Property and the Obligor’s business and its operations generally; and (d) exercise all of its other legal rights in relation to the Secured Property.

Appears in 5 contracts

Samples: Personal Loan Agreement, Loan Agreement, Personal Loan Agreement

Powers of Enforcement. If an Event of Default occurs the Lender may in the name of the relevant Obligor or otherwise: (a) take possession of and sell the Secured Property (and for this purpose the Lender or its agents may enter any premises where the Secured Property is held and repossess the Secured Property); (b) at any time, do anything that the Obligor could do in relation to the Secured Property and the Obligor's ’s business and its operations generally; (c) exercise all the rights of a natural person in relation to the Secured Property and the Obligor’s business and its operations generally; and (d) exercise all of its other legal rights in relation to the Secured Property.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

Powers of Enforcement. If an Event of Default occurs the Lender may in the name of the relevant Obligor or otherwise: (a) take possession of and sell the Secured Property (and for this purpose the Lender or its agents may enter any premises where the Secured Property is held and repossess the Secured Property); (b) at any time, do anything that the Obligor could do in relation to the Secured Property and the Obligor's business and its operations generally; (c) exercise all the rights of a natural person in relation to the Secured Property and the Obligor’s business and its operations generally; and (d) exercise all of its other legal rights in relation to the Secured Property.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Powers of Enforcement. If an Event of Default occurs the Lender may in the name of the relevant Obligor or otherwise: (a) take possession of and sell the Secured Property (and for this purpose the Lender or its agents may enter any premises where the Secured Property is held and repossess the Secured Property);; and/or (b) at any time, do anything that the Obligor could do in relation to the Secured Property and the Obligor's business and its operations generally;; and/or (c) exercise all the rights of a natural person in relation to the Secured Property and the Obligor’s business and its operations generally; and (d) exercise all of its other legal rights in relation to the Secured Property.and/or

Appears in 1 contract

Samples: Loan Agreement

Powers of Enforcement. If an Event of Default occurs the Lender may occurs, NBS may, in the name of the relevant Obligor or otherwise: (a) take possession of and sell the Secured Property (and for this purpose the Lender NBS or its agents may enter any premises where the Secured Property is held and repossess the Secured Property); (b) at any time, do anything that the Obligor could do in relation to the Secured Property and the Obligor's ’s business and its operations generally; (c) exercise all the rights of a natural person in relation to the Secured Property and the Obligor’s business and its operations generally; andand/or (d) exercise all of its other legal rights in relation to the Secured Property.

Appears in 1 contract

Samples: General Lending Terms

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