Rights of Bank on Default. (a) If any of the events described in Section 7.01 of Part A occurs,
Rights of Bank on Default. (a) If any of the events described in Section 8.1 occurs:
Rights of Bank on Default. (a) If any of the events described in Section 8.1 occurs, the Bank shall be entitled (after serving seven (7) calendar days’ advance notice to the Borrower):
Rights of Bank on Default. (a) If the Customer shall commit a default pursuant to Clause 11.1 hereof, or if any of the events stipulated in Clause 11.1 hereof shall happen, and which is capable of remedy is not remedied within a period of one (1) month from the date of notice by the Bank requesting remedy of the same, or is not remedied within the time specifically stipulated therefor (if any) in respect of the event in question, the Bank will be entitled to exercise the following:
Rights of Bank on Default. (a) If any of the events described in Section 8.1 occurs: (i) the Bank is entitled to immediately suspend further utilisation of any or all of the Facility, or to reduce the limit or amount made available under the Facility, without having to make a prior demand;
Rights of Bank on Default. Upon the occurrence of a Default under the Security Deed, then in addition to all of Bank’s rights as a “Secured Party” under the UCC or otherwise at law:
Rights of Bank on Default. In addition to and not in derogation of and without prejudice to the Bank’s right to demand immediate repayment of the Indebtedness and outstanding sums due and payable to the Bank at any time and irrespective of whether or not any of the events stipulated in Section 6.01 and/or Section 7.01 and/or Section 9.01 hereof shall happen, it is agreed that if a breach or default pursuant to Section 7.01 or Section 9.01 hereof or if any of the events stipulated in Section 6.01 and/or Section 7.01 and/or Section 9.01 hereof shall happen, the Bank may at its sole and absolute discretion cancel the Operating Overdraft Facilities and/or the Non-Revolving Loan and/or the Revolving Tem Loan (whether or not theretofore disbursed or utilised) and/or declare and demand the Indebtedness and outstanding sums due and payable to the Bank and all other sums payable under this Agreement and/or the Security Documents and the Letter of Offer to be immediately due and payable; whereupon the Bank shall be entitled forthwith to take such action (whether on its own accord or through its agent(s)) as may be appropriate against the Borrower and/or the Security Party, including action to sue and institute by way of civil suit for the recovery of the Indebtedness and outstanding sums due and payable to the Bank either before, after or concurrently with the action to enforce any of the Security Documents and to apply any credit balance standing to any account of the Borrower with any office or branch of the Bank and in whatever currency towards satisfaction of the Indebtedness and outstanding sums.
Rights of Bank on Default. (a) At any time after any money shall have become due and payable under the Facilities Agreement and/or any of the Security Documents, the Bank may with notice to the Company and/or any Security Party cumulatively, concurrently, successively in any manner and/ or an order as the Bank may deem fit :
Rights of Bank on Default. (a) The Bank may, at any time after the occurrence of an Events of Default, by notice to the Customer, declare that an Event of Default has occurred and simultaneously or at any time after such notice and whether or not any Event of Default is continuing, the Bank may by written notice of at least 7 days to the Customer:
Rights of Bank on Default. Upon the occurrence of any of the Events of Default enumerated in Section 9 hereof, all obligations of Bank under this Agreement may be immediately terminated, and all indebtedness evidenced by the Term Note and any other indebtedness of Borrower to Bank not otherwise then due and payable or payable on demand shall immediately become due and payable, at the option of Bank. Further, upon the occurrence of an Event of Default, Borrower agrees to furnish promptly to Bank such security as Bank may reasonably request and to execute such agreements or documents deemed reasonably necessary by Bank to accomplish same. Borrower agrees that the foregoing rights and remedies herein expressly specified are cumulative and not exclusive of any rights or remedies which Bank may or would otherwise have at law or in equity, or by an instrument evidencing terms of deposit of any fund, or by an assignment or transfer of collateral or by any other instrument signed or assented to by Borrower.
