RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor and/or the Customer shall commit a default pursuant to Section 5.01 hereof or if any of the events stipulated in Section 5.01 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 Chargee 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 Indebtedness payable under this Charge shall become and be deemed to be, notwithstanding anything contained herein to the contrary, forthwith due and payable and whereupon the Chargee shall be entitled forthwith to take such action as may be appropriate against the Chargor.
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Samples: ambankgroup.com, ambankgroup.com
RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor and/or the Customer shall commit a default pursuant to Section 5.01 4.01 hereof or if any of the events stipulated in Section 5.01 4.01 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 Chargee requesting remedy of the same, or is not remedied within the time specifically stipulated therefore therefor (if any) in respect of the event in question, the Selling Price and all other Indebtedness sums payable under this Charge shall become and be deemed to be, notwithstanding anything contained herein to the contrary, forthwith due and payable and whereupon the Chargee shall be entitled forthwith to take such action as may be appropriate against the Chargor.
Appears in 2 contracts
Samples: ambankgroup.com, ambankgroup.com
RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor and/or and/ or the Customer shall commit a default pursuant p ursuant to Section 5.01 hereof or if any of the events stipulated in Section 5.01 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 Chargee 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 Indebtedness payable under this Charge shall become and be deemed to be, notwithstanding anything contained herein here in to the contrary, forthwith due and payable and whereupon the Chargee shall be entitled forthwith to take such action as may be appropriate against the Chargor.
Appears in 1 contract
Samples: ambankgroup.com
RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor and/or the Customer shall commit a default pursuant to Section 5.01 4.01 hereof or if any of the events stipulated in Section 5.01 4.01 hereof shall happen and which if capable of remedy is not remedied within a period of seven one (71) days month from the date of notice by the Chargee 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 Indebtedness and for the avoidance of doubt all other Indebtedness payable sums secured under this Charge and the other Security Documents shall become and be deemed to be, notwithstanding anything contained herein to the contrary, forthwith due and payable and whereupon the Chargee shall be entitled forthwith to take such action as may be appropriate against the Chargor.
Appears in 1 contract
Samples: www.ambankgroup.com
RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor and/or the Customer shall commit a default pursuant to Section 5.01 4.01 hereof or if any of the events stipulated in Section 5.01 4.01 hereof shall happen and which whi ch if capable of remedy is not remedied within a period of seven (7) days from the date of notice by the Chargee requesting remedy of the same, or is not remedied within the time specifically stipulated therefore therefor (if any) in respect of the event in questionquestion , the Selling Price and all other Indebtedness sums payable under this Charge shall become and be deemed to be, notwithstanding anything contained herein to the contrary, forthwith due and payable and whereupon the Chargee shall be entitled forthwith to take such action as may be appropriate against the Chargor.
Appears in 1 contract
Samples: www.ambankgroup.com