Common use of Security Enforced Clause in Contracts

Security Enforced. any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by the Issuer or any of its Principal Subsidiaries on material property or assets becomes enforceable and any step is taken to enforce it (including the taking of possession or the appointment of a receiver, manager or other similar person) and is not discharged or stayed within 30 days, except where any such event will not have a material adverse effect on the ability of the Issuer to fulfil its obligations under the Bonds; or

Security Enforced. any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by the Issuer Issuer, the Guarantor or any Principal Subsidiary in respect of all or a material part of its Principal Subsidiaries on material property or assets becomes enforceable and any step is taken to enforce it (including the taking of possession or the appointment of a receiver, manager or other similar person) and is not discharged or stayed within 30 days, except where any such event will not have a material adverse effect on the ability of the Issuer to fulfil its obligations under the Bonds; or

Security Enforced. any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by the Issuer or any Material Subsidiary in respect of its Principal Subsidiaries on material property Material Indebtedness of the Issuer or assets any Material Subsidiary becomes enforceable and the holder thereof has taken any step is taken steps to enforce it (including the taking of possession or the appointment of a receiverit, manager or other similar person) and unless such enforcement is not discharged or stayed within 30 45 days, except where any such event will not have a material adverse effect on the ability of the Issuer to fulfil its obligations under the Bonds; or

Security Enforced. any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by over a material part of the assets or revenues of the Issuer or any of its Principal Subsidiaries on material property or assets a Guarantor becomes enforceable and any step is taken to enforce it (including the taking of possession or the appointment of a receiver, administrative receiver, administrator manager or other similar personPerson) and such step is not appealed in good faith, withdrawn, discharged or stayed within 30 days, except where any such event will not have a material adverse effect on the ability 60 days of the Issuer to fulfil its obligations under the Bondscommencement; or

Security Enforced. any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by over a material part of the assets or revenues of the Issuer or any of its Principal Subsidiaries on material property or assets Trading Co Guarantor becomes enforceable and any step is taken to enforce it (including the taking of possession or the appointment of a receiver, administrative receiver, administrator manager or other similar personPerson) and such step is not appealed in good faith, withdrawn, discharged or stayed within 30 days, except where any such event will not have a material adverse effect on the ability 60 days of the Issuer to fulfil its obligations under the Bondscommencement; or

Security Enforced. any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by the Issuer or any of its Principal Subsidiaries on the whole or any material property part of its properties, assets or assets revenues becomes enforceable and any step is taken to enforce it (including the taking of possession or the appointment of a receiver, manager managers or other similar person) and is not discharged or stayed within for a period of 30 days, except where any such event will not have a material adverse effect on the ability of the Issuer to fulfil its obligations under the Bonds; or