Powers of the Secured Party. 7.1 Upon the occurrence of an Event of Default or the death insolvency or bankruptcy of the Chargor or a demand being made for the payment of all or any of the Secured Obligations the security hereby constituted shall become immediately enforceable and the power of sale and other powers specified in Section 30 of the Act (applied in respect of personal property as well as real property) as varied or amended by this Charge shall be immediately exercisable upon and at any time thereafter and without prejudice to the generality of the foregoing the Secured Party without further notice to the Chargor:
Appears in 4 contracts
Samples: Security Agreement (Hill Street Trustees LTD Trustees of the Quan Gung 86 Trust), Agreement (Global Sources LTD /Bermuda), Agreement (Hill Street Trustees LTD Trustees of the Quan Gung 86 Trust)
