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 Subsidiary 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); or

Security Enforced. Any any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by the Issuer Issuer, the Guarantor or any Subsidiary of their respective Material Subsidiaries in respect of an amount which exceeds 15 per cent. of the Consolidated Total Assets 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 person); or

Security Enforced. Any any mortgage, charge, pledge, pledge lien or other encumbrance, present or future, created or assumed by the Issuer or the Guarantor or any Subsidiary of the Principal Subsidiaries 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); or

Security Enforced. Any any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by the Issuer or any Subsidiary of its Material Subsidiaries in respect of a material part of the property, assets or revenues of the Issuer or any of its Material Subsidiaries 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); or