Common use of Security Enforced Clause in Contracts

Security Enforced. a secured party takes possession, or a receiver, manager or other similar officer is appointed, of the whole or any substantial part of the undertaking, assets and revenues of the Issuer, or any of its Principal Subsidiaries and is not discharged within 60 days; or

Security Enforced. a secured party takes possession, or a receiver, manager or other similar officer is appointed, of the whole or any a substantial part of the undertaking, assets and revenues of the Issuer, or any of its Principal Subsidiaries Group and is not discharged within 60 days; or

Security Enforced. a secured party takes possession, or a receiver, manager or other similar officer is appointedappointed over, in each case for a continuous period of 60 days or more, of the whole or any substantial part of the undertaking, assets and revenues of the Issuer, Issuer or any of its Principal Subsidiaries and is not discharged within 60 daysMaterial Subsidiaries; or

Security Enforced. a secured party takes possessionpossession of, or a receiver, manager or other similar officer is appointed, appointed (or application for any such appointment is made and is not dismissed within 60 days) in respect of the whole all or any substantial part of the undertaking, assets and revenues of the IssuerGroup, or a distress, execution, attachment, sequestration or other process is levied, enforced upon or put in force against all or any substantial part of its Principal Subsidiaries the undertaking, assets and is not discharged within 60 daysrevenues of the Group; or

Security Enforced. a secured party takes possession, possession or a receiver, manager an administrative or other receiver or an administrator or other similar officer is appointed, appointed of the whole or any a substantial part of the undertaking, assets and or revenues of the Issuer, Company or any of its Principal Subsidiaries (as the case maybe) and is not discharged or stayed within 60 30 days; or

Security Enforced. a secured party takes possession, or a receiver, manager or other similar officer is appointed, of the whole or any substantial part of the undertaking, assets and revenues of the Issuer, Issuer or any of its Principal Subsidiaries Subsidiaries, and which is not discharged or stayed within 60 45 days; or