Common use of Security Enforceable Clause in Contracts

Security Enforceable. The Security shall become immediately enforceable if an Event of Default has occurred and is continuing.

Appears in 10 contracts

Samples: Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (NCL CORP Ltd.)

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Security Enforceable. The Security shall become immediately enforceable if an Event of Default has occurred and is continuingcontinuing as defined above in Clause 1.3.

Appears in 6 contracts

Samples: Equitable Charge of Shares (Consolidated Water Co LTD), Equitable Charge of Shares (Consolidated Water Co LTD), Irrevocable Undertaking (Consolidated Water Co LTD)

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