RIGHTS OF BANK ON CUSTOMER'S DEFAULT. If the Customer and/or the Security Party(ies) (as the case may be) shall commit a default pursuant to Schedule 7 hereof or if any of the events stipulated in Schedule 7 hereof shall happen and which if capable of remedy is not remedied within a period of seven (7) days from the date of notice by the Bank requesting remedy of the same, or is not remedied within the time specifically stipulated therefore (if any) in respect of the event in question, the Indebtedness and all other sums payable under this Agreement shall become and be deemed to be, notwithstanding anything contained herein to the contrary, forthwith due and payable and whereupon the Bank shall be entitled without further notice to the Customer to enforce the Security Documents, as the case may be, and the other documents creating security to the Facility and all the remedies available under the law.
RIGHTS OF BANK ON CUSTOMER'S DEFAULT. If the Customer shall commit a default pursuant to Section 7.01 hereof or if any of the events stipulated in Section 7.01 hereof shall happen and which if capable of remedy is not remedied within a period of seven (7) days from the date of notice by the Bank requesting remedy of the same or is not remedied within the time specifically stipulated thereof (if any) in respect of the event in question, the Selling Price and all other sums payable under this Assignment shall become and be deemed to be, notwithstanding anything contained herein to the contrary, forthwith due and payable and whereupon the Bank shall be entitled without further notice to the Customer to:-
RIGHTS OF BANK ON CUSTOMER'S DEFAULT. If the Customer, the Owner and/or the Security Party(ies) (as the case may be ) shall commit a default pursuant to Section 8.01 hereof or if any of the events stipulated in Section 8.01 hereof shall happen and which if capable of remedy is not remedied within a period of seven (7) days from the date of notice by the Bank requesting remedy of the same, or is not remedied within the time specifically stipulated therefore (if any) in respect of the event in question, the Selling Price and all other sums payable under this Agreement shall become and be deemed to be, notwithstanding anything contained herein to the contrary, forthwith due and payable and whereupon the Bank shall be entitled without further notice to the Customer or to the Owner to enforce the Third Party Assignment or the Third Party Charge, as the case may be, and the other documents creating security to the Facility and all the remedies available under the law.
