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.
Appears in 6 contracts
Samples: Revolving Credit Facility Agreement (Alstom), Revolving Credit Agreement (Alstom), Revolving Credit Agreement (Alstom)
Security Enforceable. Any Security on or over the Assets of the Borrower Borrower, any Material Subsidiary or any Relevant Subsidiary other member of the Group 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 which has or could have a Material Adverse Effect on the BorrowerEffect.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Alstom), Subordinated Debt Facility Agreement (Alstom)
