Common use of Security Enforced Clause in Contracts

Security Enforced. Any Security, created or assumed by the Issuer or any of its Subsidiaries in respect of any of its 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) which is not discharged or stayed within 60 Business Days provided that no Event of Default will occur under this Condition 5.9.5 if the aggregate amount of Financial Indebtedness in respect of which such Security becomes enforceable and steps are taken to enforce it is less than EUR 5,000,000.

Security Enforced. ‌ Any Security, created or assumed by the Issuer or any of its Subsidiaries in respect of any of its 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) which is not discharged or stayed within 60 Business Days provided that no Event of Default will occur under this Condition 5.9.5 if the aggregate amount of Financial Indebtedness in respect of which such Security becomes enforceable and steps are taken to enforce it is less than EUR 5,000,000.