Realization of Mortgage Right. 8.1 Under any one of the following circumstances, Party A shall have the right to realize the mortgage right:
Realization of Mortgage Right. In the circumstance where the collateral could be disposed as per the provisions herein, the Mortgagee can dispose any collateral as per any of the following methods:
Realization of Mortgage Right. 13.1 Mxxxxxxxx agrees that Mortgagee may choose any of the following means to excise its mortgage right. However if the currency under the Master Contract is different from the currency of excising mortgage right, earning from disposing collaterals shall be translated at the exchange rate announced by Mortgagee at the date of such disposal. Means to excise mortgage right include:
Realization of Mortgage Right. 7.1 When the performance deadline of the liability under the credit contract expires (including the advanced maturity due to the violation of debtor or/and violation of the statement and guarantee, agreed issues by Party A) and Party B does not accept the tender, or the circumstances stipulated by laws, rules and regulations take place which state that Party B is entitled to dispose of the real estate, Party B may consult with Party A to accept the payment by means of mortgage conversion or auction, realization of pawn, etc. The failure of the consultation may be submitted to the People's Court by Party B for lawsuit. The insufficient sum after the mortgage disposal shall be discharged by the debtor. If the Agreement has been introduced by Party B to the designated notary organ to enforce the effective notarization, it shall be disposed with reference to Article 9.2 of this Agreement.
Realization of Mortgage Right. 11.1 If any default events under Article 10.1 of the Maximum Amount Property Mortgage Contract happen, the Guarantee Agent Bank has right to legally dispose the mortgaged articles by auction, disposal and discount. The amount obtained by the disposal of mortgaged articles will be used to liquidate the guarantee debts. To dispose the mortgaged articles shall be done via the Guarantee Agent Bank. The Guarantee Agent Bank shall pay any funds obtained by disposing the mortgaged articles to each Mortgagee and agent bank as per the following way and orders:
Realization of Mortgage Right. I. If the Debtor fails to perform the debts due under the Master Contract or fails to perform the debts declared to be due in advance, or violates other agreements in the Master Contract, Party B shall have the right to dispose of the mortgaged property.
Realization of Mortgage Right. 12.1 The Mortgagee is entitled to implementing the mortgage rights in any of the following circumstances via an auction, sale or agreement of disposing the Collateral at a discount price with the priority of compensation. If the gains are unable to pay off the credit guaranteed under the Contract, the Mortgagee is allowed to choose to pay off the principal, interest, penalty or other fees via such gains: A The Mortgagee has not accepted the pay off when the disposal term of any debt under the Master Contract expires. “The terms expire” contains that the disposal term of the debt under the Master Contract expires and the circumstances when the Mortgagee declares in advance that the disposal term of debt expires in accordance with national laws or provisions under this Contract. B The People’s Court accepts the bankruptcy petition from the Debtor and the Mortgager or verdicts a settlement.
Realization of Mortgage Right. 16.1 In one or more circumstances stipulated in Article 13, 14.1 or 14.2 hereunder, Party A may choose one of the following methods for realization of the mortgage right:
Realization of Mortgage Right. (1) In case that any events of default under this Agreement occurs, or other situation of realizing the mortgage right agreed by the parties occurs, and the Mortgagee decides Crystallization, the Mortgagee shall have the right to notify the Mortgagor that the Floating Mortgage hereunder be crystallized immediately. The notification obligation of the Mortgagee shall be deemed being performed upon the occurrence of each of the following situations:-
Realization of Mortgage Right. 12.1 The Mortgagee is entitled to implementing the mortgage rights in any of the following circumstances via an auction, sale or agreement of disposing the Collateral at a discount price with the priority of compensation. If the gains are unable to pay off the credit guaranteed under the Contract, the Mortgagee is allowed to choose to pay off the principal, interest, penalty or other fees via such gains:
