Common use of Right to enforce security Clause in Contracts

Right to enforce security. On the occurrence of an Event of Default but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security constituted by this Mortgage has become enforceable, and irrespective of whether a notice has been served under clause 18.2 of the Loan Agreement:

Appears in 5 contracts

Samples: Knightsbridge Tankers LTD, Knightsbridge Tankers LTD, Knightsbridge Tankers LTD

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Right to enforce security. On the occurrence of If an Event of Default but occurs and irrespective of whether a notice has been served under clause 18.2 of the Loan Agreement (and without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security constituted by this Mortgage Deed has become enforceable, and irrespective of whether a notice has been served under clause 18.2 of the Loan Agreement:):

Appears in 5 contracts

Samples: Knightsbridge Tankers LTD, Knightsbridge Tankers LTD, Knightsbridge Tankers LTD

Right to enforce security. On the occurrence of If an Event of Default shall occur and be continuing, but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security constituted by this Mortgage Assignment has become enforceable, and irrespective of whether a notice of acceleration has been served under clause 18.2 Section 9 (Events of Default) of the Loan Credit Agreement:

Appears in 3 contracts

Samples: Credit Agreement (Diamond S Shipping Inc.), Global Assignment Agreement (Gener8 Maritime, Inc.), Global Assignment Agreement (Gener8 Maritime, Inc.)

Right to enforce security. On the occurrence of an Event of Default but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security constituted by this Mortgage Charge Over Shares has become enforceable, and irrespective of whether a notice has been served under clause 18.2 of the Loan Agreement:

Appears in 3 contracts

Samples: Subsidiary Guarantee Agreement (L 3 Communications Corp), Parent Guarantee Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Corp)

Right to enforce security. On the occurrence of an Event of Default but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security constituted by this Mortgage has become enforceable, and irrespective of whether a notice has been served under clause 18.2 of the Loan AgreementAgreement or a demand made under clause 2.1 of the Guarantee:

Appears in 2 contracts

Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

Right to enforce security. On the occurrence of In case an Event of Default shall occur and be continuing, but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security Lien Interest constituted by this Mortgage has become enforceable, and irrespective of whether a notice has been served under clause 18.2 Clause 25.14 (Acceleration) of the Loan Credit Agreement or a demand made under paragraph (b) of Clause 16.1 (Guarantee and Indemnity - Subsidiaries) of the Credit Agreement:

Appears in 2 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

Right to enforce security. On the occurrence of an Event of Default which is continuing but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred and is continuing or that the security constituted by this Mortgage Deed has become enforceable, and irrespective of whether a notice has been served under clause 18.2 of the Loan Agreement:

Appears in 2 contracts

Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

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Right to enforce security. On the occurrence of an Event of Default but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security constituted by this Mortgage has become enforceable, and irrespective of whether a notice has been served under clause 18.2 26.15 of the Loan Credit Agreement or a demand made under clause 17.1 of the Credit Agreement:

Appears in 1 contract

Samples: Preferred Marshall Islands Mortgage (Eagle Bulk Shipping Inc.)

Right to enforce security. On the occurrence of an Event of Default which is continuing but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security constituted by this Mortgage has become enforceable, and irrespective of whether a notice has been served under clause 18.2 Clause 13.2 of the Loan Agreement:

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Right to enforce security. On the occurrence of If an Event of Default but occurs and irrespective of whether a notice has been served under clause 20.2 (Actions following an Event of Default) of the Loan Agreement and without the necessity for the Mortgagee to serve any notice or take any other action or for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security Security Interest constituted by this Mortgage has become enforceable, and irrespective of whether a notice has been served under clause 18.2 of the Loan Agreement:

Appears in 1 contract

Samples: Loan Agreement (Eagle Bulk Shipping Inc.)

Right to enforce security. On the occurrence of an Event of Default which is continuing but without the necessity for any court order in any jurisdiction to the effect that an Event of Default has occurred or that the security constituted by this Mortgage Deed has become enforceable, and irrespective of whether a notice has been served under clause 18.2 13.2 of the Loan Guarantee Facility Agreement:

Appears in 1 contract

Samples: Guarantee Facility Agreement (TBS International LTD)

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