Security Default. Any Security Document (other than the Immovables Mortgage or the Enterprise Mortgage) for any reason (other than an act or omission of the Bank or OPIC) shall have ceased to constitute a valid and perfected first priority security interest in and Lien on any of the collateral purported to be covered thereby; or the Company shall have created or permitted to exist any Lien (other than a Permitted Lien) on any of its property, revenues or assets.
Security Default. As security for any and all Obligations, the Customer hereby recognizes and admits the Bank's ownership in and unqualified right to the possession and disposal of, any and all shipping documents, warehouse receipts, policies or certificates of insurance and other documents relating to drafts drawn under any Credit and to any and all goods shipped in connection with any Credit, to any of the drafts drawn thereunder (whether or not such documents or goods are released to, or upon the order of, the Customer in trust or otherwise) and to the proceeds of the foregoing, until such time as all such Obligations have been fully paid and discharged. All such goods and/or documents, and the proceeds thereof, coming into the Bank's possession, or that of any of the Bank's correspondents, may be held and disposed of by the Bank as hereinafter provided, it being understood that the receipt by the Bank, or by any of the Bank's correspondents, at any time of other security of whatsoever nature, including cash, shall not be deemed as a waiver of any of the Bank's rights or powers hereunder. Insofar as any goods and/or documents, which may be held by the Bank, or for the Bank's account, as collateral hereunder may be released by the Bank to, or upon the order of, the Customer in trust, the Customer will sign and deliver to the Bank on demand such trust receipts and/or statements of trust receipt financing as may be satisfactory to the Bank, and will pay any related filing fees, it being understood that the Bank's rights as specified herein or therein shall be in addition to, but not in limitation of, the Bank's rights under any applicable law. Upon any transfer, sale, delivery, surrender or endorsement of any xxxx of lading, warehouse receipt or other document at any time(s) held by the Bank or held for the Bank's account by any of the Bank's correspondents, related to any draft(s) accepted by the Bank in reliance thereon, the Customer shall indemnify and hold the Bank harmless from and against each and every claim, demand, action or suit which may arise against the Bank or any such correspondent(s), by reason thereof.
(e) 免責：總約定書內任何規定皆不應構成立約人與 貴行間之委任關係， 貴行及其任何往來銀行、代理人、主管及受僱人對下列均不負責：(1)信用狀可能之使用或受益人因使用信用狀所為之行為或不行為；(2)單據所表彰貨物之存在、特性、品質、狀況、包裝、價值或交付；(3)單據所表彰貨物之特性、數量、狀況或價值與實際不符；(4)單據 或其上之背書之效力、充分性或真實性，縱該單據之全部或部分事實上經證實全部或部分無效、不充分、虛偽或偽造；(5)貨物裝運之時間、地點、方式或裝運情狀；(6)部份裝運或不完全裝運或對信用狀所示貨物未為運送或短少；(7)保險之性質、適當、效力或真 實性；(8)保險人之償債能力或責任、或與保險有關之其他風險；(9)因託運人及／或與 貨物或貨物運送有關之他人之違背指示、遲延、違約或詐欺；(10)簽發與貨物...
Security Default. A default by the Shipowner in the due and punctual observance and performance of any provision in Sections 4.02, 10.09, 10.13, 10.14, 10.18, 11.01, 11.02, 11.03, 11.05, 11.06, 11.07, 11.08, 11.09, 12.01 12.02, 12.03, 13.03, 15.01, 17.01, 17.02 and 17.03 of this Agreement;
Security Default. The failure of Seller to timely issue, maintain or replace the Development Security or the Performance Security in compliance with the provisions of Section 5.3 if such non-compliance is not cured within ten (10) Business Days after receiving written notice thereof from Buyer.
Security Default. As security for any and all Obligations, the Customer hereby recognizes and admits the Bank's ownership in and unqualified right to the possession and disposal of, any and all shipping documents, warehouse receipts, policies or certificates of insurance and other documents relating to drafts drawn under any Credit and to any and all goods shipped in connection with any Credit, to any of the drafts drawn thereunder (whether or not such documents or goods are released to, or upon the order of, the Customer in trust or otherwise) and to the proceeds of the foregoing, until such time as all such Obligations have been fully paid and discharged. All such goods and/or documents, and the proceeds thereof, coming into the Bank's possession, or that of any of the Bank's correspondents, may be held and disposed of by the Bank as hereinafter provided, it being understood that the receipt by the Bank, or by any of the Bank's correspondents, at any time of other
(e) 免責： 總約定書內任何規定皆不應構成立約人與 貴行間之委任關係， 貴行及其任何往來銀行、代理人、主管及受僱人對下列均不負責：(1)信用狀可能之使用或受益人因使用信用狀所為之行為或不行為；(2)單據所表彰貨物之存在、特性、品質、狀況、包裝、價值或交付；(3)單據所表彰貨物之特性、數量、狀況或價值與實際不符；(4)單據或其上之背書之效力、充分性或真實性，縱該單據之全部或部分事實上經證實全部或部分無效、不充分、虛偽或偽造；(5)貨物裝運之時間、地點、方式或裝運情狀；(6)部份裝運或不完全裝運或對信用狀所示貨物未為運送或短少；(7)保險之性質、適當、效力或真實性；(8)保險人之償債能力或責任、或與保險有關之其他風險；(9)因託運人及／或與貨物或貨物運送有關之他人之違背指示、遲延、違約或詐欺；(10)簽發與貨物有關單據 之任何人之償債能力、責任或與貨物之關係；(11)貨物或其相關單據之遲延到達或未到達；(12)到達通知或其他通知之遲延發出或未發出；(13)託運人或出賣人與受貨人或買受人間契約之違約情事；(14)匯票未引述或未適當引述有關之信用狀或讓購匯票未檢附單據、任何人未提出或接受信用狀或未依信用狀規定將匯票與單據分開寄送，縱信用狀本身對上開各款有明文要求時， 貴行亦得免除上開要求；及(15)因以郵寄、有線網路、電報、無線網路或、傳真方式傳送任何訊息時所生之錯誤、殘缺、中斷或遲延。 貴行對其任何往來銀行、代理人、主管或受僱人之任何行為、錯誤、過失、違約、不行為、無償債能力或終止營業，均不負責。前條任何情事之發生應不影響、損害或妨礙 貴行在總約定書下所賦予之權利或權限。為加強（而非限制）前述條款之精神，立約人茲再同意 貴 行或其任何往來銀行、代理人、主管或受僱人因信用狀或有關之匯票、單據或財產所為或 所承受之行為、不行為或疏失，如係屬善意且符合 貴行或其任何往來銀行認定應適用之 法律、慣例或法規之規定者，對立約人均有拘束力，且 貴行及其任何往來銀行、代理人、主管或受僱人對立約人均不依該等法律負任何責任。
Security Default. A default by the Mortgagor in the due and punctual observance and performance of any provision in Sections 2.09, 3.01, 3.04(c), 3.04(d), 3.04(e), 3.05, 3.07, 3.08, 3.12, 3.16, or 4.01 of this Mortgage or Sections 4.02, 10.09, 10.13, 10.14, 10.18, 11.01, 11.02, 11.03, 11.05, 11.06, 11.07, 11.08, 11.09, 12.01 12.02, 12.03, 13.03, 15.01, 15.02, 17.01, 17.02 or 17.03 of Annex C of the Agreement; A default continuing for five (5) Business Days, unless otherwise stated, after written notice to Mortgagor from the Mortgagee specifying such failure by the Mortgagor in the due and punctual observance and performance of any provision in Sections 2.08, 3.03, 3.04(g), 3.04(h), 3.04(i), 3.04(j), 3.10 (except (f) and (j)), or 4.03 of this Mortgage or Sections 6.04, 6.06, 6.09, 7.07, 9.02, 10.08, 11.10 (except (g) and (k) thereof), and 11.13 of Annex C of the Agreement; A default continuing for thirty (30) days after written notice to the Mortgagor from the Mortgagee by the Mortgagor in the due and punctual observance of any other provision, condition or covenant in this Mortgage or any provision set forth in, the Agreement, provided that the cure period shall be reduced to ten (10) days in connection with any failure to pay a debt due or make a payment due under Section 5.08 hereof or Sections 4.05 or 6.08 of Annex C of the Agreement; The Mortgagor or any guarantors of the Mortgagor’s performance under this Mortgage, the Agreement or any other Transaction Document, becomes insolvent or bankrupt or ceases paying or providing for the payment of its debts generally, or the Mortgagor or any guarantor is dissolved or, by a court of competent jurisdiction, is adjudged a bankrupt, or makes a general assignment for the benefit of its creditors, or loses its charter by forfeiture or otherwise; or a petition for reorganization of the Mortgagor or any guarantor under the Bankruptcy Code is filed by the Mortgagor or any guarantor , or such petition is filed by creditors and the same is approved by such a court of competent jurisdiction; or a reorganization of the Mortgagor or any guarantor under the Bankruptcy Code is approved by a court, whether proposed by a creditor, a stockholder or any other Person whomsoever; or a receiver or receivers of any kind whatsoever, whether appointed in admiralty, bankruptcy, common law or equity proceedings, is appointed, by a decree of a court of competent jurisdiction, with respect to any Vessel, or all or substantially all of the Mortgagor’s or a...
Security Default. (i) Any Security Document, once executed and delivered, ceases at any time for any reason to provide the Liens, rights, titles, interests, remedies, powers or privileges created thereby, (ii) any Lien created in any portion of the collateral pledged pursuant to the Security Documents shall cease to be effective or fail to have the priority originally created under the Security Documents, (iii) the validity of the Security Documents or the applicability thereof to the obligations of the Borrower hereunder or any part thereof, shall be disaffirmed by or on behalf of the Borrower, or (iv) OPIC’s security interest or other rights in any portion of the collateral pledged pursuant to the Security Documents shall terminate in any manner other than that contemplated by the Financing Documents.
Security Default. 23 (c) Other Payment Obligations ................................ 23 (d) Other Obligations ........................................ 24 (e) Liquidation .............................................. 24 (f) Insolvency ............................................... 24 (g) CCAA ..................................................... 24 (h) Distress ................................................. 24 (i) False Representation ..................................... 24 (j) Cease to Carry on Business ............................... 24 (k) Default .................................................. 24 (l) Parent Status ............................................ 24 (m) Prospectus ............................................... 24 (n) Share Ownership .......................................... 25 (o) Death of Michxxx X. Xxxxxx ............................... 25 10.2 Acceleration ............................................. 25 10.3
Security Default. The Borrower fails to perform or be in compliance with any of the other terms or covenants of this Agreement or of any document constituting the Security;
Security Default. The Liens created pursuant to this Mortgage Agreement are not or cease to be in full force and effect, or cease to be an adequate full security for IFC for any reason whatsoever;
