Security Enforceable. Any Security Interest (other than a Permitted Maritime Lien) in respect of Charged Property becomes enforceable.
Security Enforceable. The Security shall become immediately enforceable if an Event of Default has occurred and is continuing.
Security Enforceable. The whole of the Series 2023-1 (A1) Security shall become enforceable upon the Note Trustee delivering an Enforcement Notice in respect of the Series 2023-1 (A1) Security (or the Security in respect of all Series).
Security Enforceable. Any Security on or over the Assets of the Borrower or any Relevant Subsidiary becomes enforceable and any step (including the taking of possession or the appointment of a receiver, manager or similar person) is taken to enforce that Security if it has or could have a Material Adverse Effect on the Borrower.
Security Enforceable. Any security on or over the assets of the Borrower becomes enforceable.
Security Enforceable. At any time after the Security has become enforceable pursuant to Clause 8.1, the Secured Party shall be entitled to cause the Charged Shares to be registered in its name and may at its discretion (in the name of DesalCo or otherwise and without any further consent or authority from the DesalCo):
(a) exercise or refrain from exercising any voting rights in respect of the Charged Shares and revoke, or cause to be revoked, any proxies given pursuant to Clause 3.1 (Security not Enforceable);
(b) apply all dividends, interest and other monies arising from the Secured Property as if they were proceeds of sale under this Charge;
(c) exercise or refrain from exercising the rights of a legal owner of the Secured Property, including the right, in relation to any company whose shares or other securities are included in the Secured Property, to concur or participate in:
(i) the reconstruction, amalgamation, sale or other disposal of such company or any of its assets or undertaking (including the exchange, conversion or reissue of any shares or securities as a consequence thereof),
(ii) the realisation, modification or variation of any rights or liabilities attaching to any such shares or securities, and
(iii) the exercise, renunciation or assignment of any right to subscribe for any such shares or securities, in each case in such manner and on such terms as the Secured Party may think fit, and all rights resulting from any such action shall form part of the Secured Property.
Security Enforceable. The security constituted by, and the rights of the Agent and the Beneficiaries under, this Charge shall be enforceable notwithstanding any change in the constitution of the Agent or any Beneficiary or its absorption in or amalgamation with any other person or the acquisition of all or part of its undertaking by any other person.
Security Enforceable. The fact that this Security Agreement provides for Defaults and rights of acceleration shall not derogate from the demand nature of any Obligation payable on demand.
Security Enforceable. The fact that this Agreement and the Credit Agreement provide for Events of Default and rights of acceleration shall not derogate from the nature of any Obligation which is payable on demand.
Security Enforceable. Any step being taken to enforce security over or a distress, execution or other similar process being levied or served against any property of the Franchisee or the whole or a substantial part of the assets or undertaking of the Franchisee, the Parent or any Bond Provider, including the appointment of a receiver, administrative receiver, manager or similar person to enforce that security;
