Common use of RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT Clause in Contracts

RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor shall commit a default pursuant to Section 4.01 hereof or if any of the events stipulated in Section 4.01 hereof shall happen and 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 therefor (if any) in respect of the event in question , the Selling Price and all other 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. (b) The period of seven (7) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section 254(1) of the National Land Code) after which a n otice may be served in Form 16D pursuant to Section 254 of the National Land Code and a period of fourteen (14) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section 254(1) (b) of the National Land Code) which shall be inserted in the notice in Form 16D within which time the breach complained of is required to be remedied.

RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor shall commit a default pursuant to Section 4.01 hereof or if any of the events stipulated in Section 4.01 hereof shall happen and whi ch 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 therefor (if any) in respect of the event in question question, the Selling Price and all other 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. (b) The period of seven (7) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section sub-section 254(1) of the National Land Code) after which a n otice notice may be served in Form 16D pursuant to Section 254 of the National Land Code and a period of fourteen (14) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section sub-section 254(1) (b) of the National Land Code) which shall be inserted in the notice in Form 16D within which time the breach complained of is required to be remedied.

RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor and/or the Customer shall commit a default pursuant to Section 4.01 5.01 hereof or if any of the events stipulated in Section 4.01 5.01 hereof shall happen and whi ch 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 therefor therefore (if any) in respect of the event in question question, the Selling Price and all other sums 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. (b) The period of seven (7) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section sub-section 254(1) of the National Land Code) after which a n otice notice may be served in Form 16D pursuant to Section 254 of the National Land Code and a period of fourteen (14) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section sub-section 254(1) (b) of the National Land Code) which shall be inserted in the notice in Form 16D within which time the breach complained of is required to be remedied.

RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor and/or the Customer shall commit a default pursuant to Section 4.01 5.01 hereof or if any of the events stipulated in Section 4.01 5.01 hereof shall happen and whi ch 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 therefor therefore (if any) in respect of the event in question question, the Selling Price and all other sums 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. (b) The period of seven (7) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section sub-section 254(1) of the National Land Code) after which a n otice notice may be served in Form 16D pursuant to Section 254 of the National Land Code and a period of fourteen (14) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section sub-section 254(1) (b) of the National Land Code) which shall be inserted in the notice in Form 16D within which time the breach complained of is required to be remedied.. 11 CB(BBA/ANNEXURE3rd/POC/July2019)AmI

RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor shall commit a default pursuant to Section 4.01 hereof or if any of the events stipulated in Section 4.01 hereof shall happen and whi ch 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 therefor therefore (if any) in respect of the event in question question, the Selling Price Indebtedness and for the avoidance of doubt all other sums payable 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. (b) The period of seven one (71) days month shall be the period for the purpose of this Charge after which a notice may be served in Form 16D pursuant to Section 254 of the National Land Code and a period of one (1) month shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section 254(1) of the National Land Code) after which a n otice may be served in Form 16D pursuant to Sub-Section 254 of the National Land Code and a period of fourteen (14) days shall be the period for the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section 254(1) (b) of the National Land Code) which shall be inserted in the notice in Form 16D within which time the breach complained of is required to be remedied.

RIGHTS OF CHARGEE ON XXXXXXX'S DEFAULT. (a) If the Chargor and/ or the Customer shall commit a default pursuant p ursuant to Section 4.01 5.01 hereof or if any of the events stipulated in Section 4.01 5.01 hereof shall happen and whi ch 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 therefor therefore (if any) in respect of the event in question question, the Selling Price and all other sums 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. (b) The period of seven (7) days shall be the period for the purpose of this Charge (in substitution subs titution for the period of one (1) month referred to in sub -section 254(1) of the National Land Code) after which a n otice notice may be served in Form 16D pursuant to Section 254 of the National Land Code and a period of fourteen (14) days shall be the period for fo r the purpose of this Charge (in substitution for the period of one (1) month referred to in sub -section 254(1) (b) of the National Land Code) which shall be inserted in the notice in Form 16D within which time the breach complained of is required to be remediedre medied.